FNMA Certificates definition

FNMA Certificates means single-class mortgage pass-through certificates issued by FNMA which represent fractional undivided interests in specified pools of fully amortizing (i.e., not balloon payment) Mortgage Loans secured by first liens on Residential Real Estate, and which are guaranteed by FNMA as to the timely payment of scheduled interest (at the applicable pass-through rate) and principal.
Sample 1Sample 2Sample 3
FNMA Certificates means single-class mortgage pass-through certificates in book-entry form backed by single-family residential mortgage loans, the full and timely payment of interest at the applicable certificate rate and the ultimate collection of principal of which are guaranteed by the Federal National Mortgage Association (excluding REMIC or other multi-class pass-through certificates, pass-through certificates backed by adjustable rate mortgages and securities paying interest or principal only).
Sample 1Sample 2Sample 3
FNMA Certificates means mortgage loan pass-through certificates guaranteed
Sample 1

Examples of FNMA Certificates in a sentence

  • Holdings desires to transfer legal and equitable title to the title to the FHLMC certificates and the FNMA certificates listed in Exhibit A attached hereto (respectively, the "FHLMC Certificates" and the "FNMA Certificates"; and collectively, the "Government Securities") to the REIT pursuant to the terms of this Agreement.

  • FNMA Certificates represent a pro-rata interest in a group of mortgage loans purchased by Fannie Mae.

  • The applicable Discount Factor set forth under "FHLMC or FNMA Certificates" above.

  • Subject to paragraphs (iii), (iv) and (v) below, the Discount Factors applied to S&P Eligible U.S. Agency Mortgage Collateral, GNMA Certificates, FHLMC Certificates, FNMA Certificates, FHLMC Multifamily Securities and GNMA Graduated Payment Securities shall be determined by reference to the type and term to maturity of such assets in accordance with the table set forth below.

  • The Discount Factor applied to residential mortgage pass-throughs (including private-placement mortgage pass-throughs), GNMA Multifamily Securities, GNMA Certificates, FNMA Certificates, FHLMC Certificates and FHLMC Multifamily Securities shall be determined by reference to the coupon paid by such security in accordance with the table set forth below.

  • FNMA guarantees timely payment of interest on FNMA Certificates and the full return of principal.

  • Like GNMA Certificates, FNMA Certificates are assumed to be prepaid fully in their twelfth year.

  • Subject to subparagraphs (ii) and (iii) below, the Discount Factors applied to U.S. Agency Mortgage Collateral, GNMA Certificates, FHLMC Certificates, FNMA Certificates, FHLMC Multifamily Securities and GNMA Graduated Payment Securities shall be determined by reference to the type and term to maturity of such assets in accordance with the table set forth below.

  • The Discount Factors set forth herein shall be deemed to supersede and replace the Discount Factors for GNMA Certificates, FHLMC Certificates, FNMA Certificates, FHLMC Multifamily Securities and GNMA Graduated Payment Securities set forth in the Articles Supplementary.

  • The Discount Factor applied to residential mortgage pass-throughs (including private-placement mortgage pass-throughs), Conventional Mortgage Pass-Through Certificates, GNMA Multifamily Securities, GNMA Certificates, FNMA Certificates, FHLMC Certificates and FHLMC Multifamily Securities shall be determined by reference to the coupon paid by such security in accordance with the table set forth below.


More Definitions of FNMA Certificates

FNMA Certificates means mortgage participation certificates issued by FNMA, either in certificate or book-entry form.
Sample 1
FNMA Certificates means mortgage pass-through certificates issued by FNMA, either in certificated or book-entry form.
Sample 1Sample 2
FNMA Certificates means mortgage pass through certificates guaranteed by FNMA.
Sample 1

Related to FNMA Certificates

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Class B-4 Certificates The Certificates designated as “Class B-4” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class A Certificates As specified in the Preliminary Statement.

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Class B-2 Certificates All Certificates bearing the class designation of "Class B-2".

  • Class B-4 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-4 and Exhibit C hereto. Class B-4 Certificateholder: The registered holder of a Class B-4 Certificate.

  • Class B-3 Certificates All Certificates bearing the class designation of "Class B-3".

  • Delay Certificates As specified in the Preliminary Statement.

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

  • Group I Certificates The Class A-1 Certificates.

  • Class A-1 Certificates All Certificates bearing the class designation of "Class A-1".

  • Class B-5 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • New Certificates has the meaning set forth in Section 3.04(a).

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".

  • COFI Certificates As specified in the Preliminary Statement.

  • Mezzanine Certificates Collectively, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates, the Class M-9 Certificates and the Class M-10 Certificates.

  • Class A-2 Certificates All Certificates bearing the class designation of "Class A-2".