Mortgage Security definition

Mortgage Security means a security in respect of an underlying pool of related mortgage loans that provides for payment by the issuer to the holder of specified principal installments and a fixed interest rate on the unpaid balance, with all prepayments being passed through to the holder, and is issued in certificate or book entry form.
Mortgage Security means any security (including, without limitation, any participation certificate) guaranteed by GNMA or issued by FNMA or FLHMC.
Mortgage Security. Each Xxxxxx Xxx Guaranteed REMIC Pass-Through Certificate listed on the Mortgage Security Schedule.

Examples of Mortgage Security in a sentence

  • Any payment made on a Mortgage Security on a Payment Date shall be made to the Holder of record of such Mortgage Security on such Payment Date.

  • Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Financing Statement, dated December 9, 2009, between Electromed, Inc.

  • If we do make a Further Advance, it will be secured by the Mortgage Security.

  • In Your Mortgage, ‘you’ means the person named in the Mortgage Security as you, the borrower.

  • Your Property remains charged to us as security for the Amount You Owe until we release or discharge the Mortgage Security.


More Definitions of Mortgage Security

Mortgage Security. Instrument: The HOME funds advanced to the PROJECT will be secured by a note and mortgage as required by 24 CFR 92 during the construction period and remain on the property until the HOME funds are repaid or forgiven in accordance with the HOME Loan Agreement. The CITY agrees that the HOME mortgage shall be subordinate to any private sector construction or permanent loan. Awardee will not borrow against the land without first consulting and getting approval from the DIRECTOR and CITY which approval shall not be unreasonably withheld or delayed.
Mortgage Security means a mortgage, charge or other 20
Mortgage Security means a mortgage, charge or other security referred to in section 4(1) which secures assets 25
Mortgage Security means either a Mortgage-backed Security or a Participation Certificate.
Mortgage Security. “Mortgage-backed Security” “Mortgaged Property” “Mortgagor” “Multifamily Mortgage Loan” “Multifamily PropertySection 1 Section 1 Annex 1, Annex 3 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 “NASD” Section 1 “OTS” Section 1
Mortgage Security means a mortgage, charge or other security referred to in section 4(1) which secures assets that comprise one or more mortgage credits;
Mortgage Security means, in relation to each Mortgage Loan, all charges and securities by way of legal mortgage (and any other collateral security therefor, including, without limitation, any guarantee, any insurance policies in respect of which the interest of the Lenders may be given effect to and any other assignment, assignation, notification or deposit which may be effected in connection with the securing of the relevant Mortgage Loan together with any documentation incidental to the protection of the Lenders and any documents affecting the ability of the Lenders to realise the value of the property charged to it to which the Lenders shall become beneficially entitled); Mortgage Servicer Open Access;