RMBS definition

RMBS means residential mortgage-backed securities.

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RMBS means residential mortgage backed securities.

RMBS means mortgage pass-through certificates or other securities issued pursuant to a securitization of residential mortgage loans.

Examples of RMBS in a sentence

• The Servicer shall provide monthly accounting reports to the Purchaser and Master Servicer, pursuant to Section 6.02 of the Purchase and Servicing Agreement, with the information included in the ASF RMBS Reporting Package issued by the American Securitization Forum on July 15, 2009, as revised from time to time, to the extent available.

• For all purposes of this Agreement, delinquency status shall be determined in accordance with standard ABS or RMBS methodology, as is appropriate, as determined by the Owner for the applicable Mortgage Loan type as set forth in the related Notice Letter.

• The Mortgage Loans are [prime] [subprime] [Alt-A] Mortgage Loans and all delinquency calculation with respect to the Added Mortgage Loans shall be determined in accordance with [ABS] [RMBS] methodology.

• Any such resignation shall not relieve the RMBS Master Servicer of responsibility for any of the obligations specified in Sections 6.01 and 6.02 as obligations that survive the resignation or termination of the RMBS Master Servicer.

• Pending appointment of a successor to the RMBS Master Servicer hereunder, unless the Indenture Trustee is prohibited by law from so acting or is unwilling to act as such, the Indenture Trustee shall act in such capacity as hereinabove provided.

More Definitions of RMBS

RMBS means a residential Agency MBS or a non-Agency RMBS.

RMBS means a residential Agency RMBS or a non-Agency RMBS.

RMBS means mortgage-backed securities that are secured by interests in a pool of mortgage loans secured by residential property. RMBS may be senior, subordinate, interest-only, principal-only, investment-grade, non-investment grade, or unrated.

RMBS means a residential MBS.

RMBS means a residential mortgage-backed security.

RMBS has the same meaning set forth in the Recitals.

RMBS means securitized fixed income securities backed by pools of collateral consisting of residential real estate mortgage loans (including agency and non-agency mortgage- backed securities and home equity). This includes any RMBS securities related to the Mortgage Derivative Strategy as defined in this Appendix.