SMBS definition

SMBS. Any Xxxxxx Xxx Stripped Mortgage Backed Security held in the Lower Tier REMIC and identified in the Mortgage Security Schedule.

SMBS. Any Xxxxxx Mae Stripped Mortgage Backed Security held in the Trust Fund and identified in the Mortgage Security Schedule.

SMBS means small- and medium-sized businesses; and

Examples of SMBS in a sentence

• SMBS are usually structured with two different classes: one that receives substantially all of the interest payments and the other that receives substantially all of the principal payments from a pool of mortgage loans.

• The market value of SMBS consisting entirely of principal payments generally is unusually volatile in response to changes in interest rates.

• In the event that, as to any MBS or SMBS, there shall be a Default Under the Trust Indenture or an Event of Default Under the Trust Indenture, the Holders of the Certificates of the related Classes may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such Trust Indenture shall be permitted to take in respect thereof.

• The MBS Prospectus, the SMBS Prospectus, the Mega Prospectus and the Information Statement are incorporated herein by reference and may be obtained from Fannie Mae by writing or calling its MBS Helpline at 3900 Wisconsin Avenue, N.W., Area 2H-2N, Washington, D.C. 20016 (telephone 1-800-BEST-MBS or 202-752-6547).

• A Federal credit union may not invest in SMBS or securities that represent interests in SMBS except as described in paragraphs (1) and (3) below.

• The date of issuance of a Trust MBS or an Underlying Certificate or an Underlying SMBS Security.

• The yields on SMBS that receive all or most of the interest from mortgage loans are generally higher than prevailing market yields on other Mortgage-Backed Securities because their cash flow patterns are more volatile and there is a greater risk that the initial investment will not be fully recouped.

• A credit union may not invest in stripped mortgage-backed securities (SMBS) or securities that represent interests in SMBS except as described in 17.16(5)“a” and “c.”a.

• The yields on SMBS that receive all or most of the interest from mortgage loans are generally higher than prevailing market yields on other mortgage-backed securities because their cash flow patterns are more volatile and there is a greater risk that the initial investment will not be fully recouped.

• SMBS are usually structured with two classes that receive different proportions of the interest and principal distributions on a pool of mortgage assets.

More Definitions of SMBS

SMBS means small- and medium-sized businesses; and “TSX” means the Toronto Stock Exchange.

SMBS means small and medium sized businesses with Addressable Spend for IT solutions between

SMBS means small-and-medium sized businesses. When related to our SMBs sales channel, “SMBs” means small-and-medium sized businesses consisting of our North American based traditional SMB customers that utilize Nuvei for card acceptance;

SMBS. As to any Trust Fund comprised in whole or in part of one or more Xxxxxx Xxx Stripped Mortgage-Backed Securities, any one of such Xxxxxx Mae Stripped Mortgage-Backed Secur ities.

SMBS. As to any Series, any Xxxxxx Mae Stripped Mortgage-Backed Security held in the applicable Trust Fund and identified in the related Mortgage-Backed Security Schedule.