FNMA Securities definition

FNMA Securities modified pass-through mortgage-backed certificates guaranteed by the Federal National Mortgage Association or its successor pursuant to the National Housing Act, as amended.
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FNMA Securities means modified pass-through mortgage-backed certificates guaranteed by FNMA pursuant to the National Housing Act, as amended.
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FNMA Securities means modified pass-through mortgage-backed certificates --------------- guaranteed by FNMA pursuant to the National Housing Act, as amended.
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Examples of FNMA Securities in a sentence

  • The attached schedule is (i) Delivery Schedule Form 11705 in the case of GNMA Securities, (ii) Delivery Schedule Form 996 in the case of FHLMC Securities, (iii) Delivery Schedule Form 2014 in the case of FNMA Securities, or (iv) a form containing substantially similar information in the case of any other Securities.

  • Where Seller has appointed FHLMC or FNMA, as applicable, as Custodian, the parties hereto acknowledge that the Mortgage Notes acquired hereunder have been deposited with FHLMC or FNMA, as applicable, to facilitate the issuance of FHLMC Securities or FNMA Securities, as applicable, with respect thereto and that prior to such issuance FHLMC or FNMA, as applicable, is holding such Mortgage Notes as Custodian for Participant.

  • Custodian shall maintain all such Mortgage-Backed Securities as depository (i) in the case of FHLMC or FNMA Securities, in one of its book-entry accounts with a Federal Reserve Bank or (ii) in the case of GNMA Securities, with the Participants Trust Company (“PTC”) or its nominee, MBSCC & Co., subject to a registered pledge to Lender in order to perfect, protect and maintain the valid, first priority security interest of Lender in the Book-Entry MBS.

  • The Indenture Trustee (or an agent on its behalf) will use its commercially reasonable best efforts to obtain the highest price for such Pledged FNMA Securities upon liquidation thereof subject to the requirement that such securities be liquidated within one Business Day of the Indenture Trustee's receipt thereof.

  • Within one Business Day of receipt by the Indenture Trustee, as registered holder of the Daiwa FLOWS Certificates, of Pledged FNMA Securities released from the lien of the Credit Support Agreement pursuant to a Securities Excess as defined in the Credit Support Agreement, the Indenture Trustee (or an agent on its behalf) shall liquidate such released Pledged FNMA Securities and distribute the proceeds of such liquidation pursuant to Section 12.01.

  • FNMA Securities The Federal National Mortgage Association ("FNMA") was established in 1938 to create a secondary market in mortgages insured by the FHA.

  • Borrower is an eligible FHA mortgagee, FNMA ----------- seller/servicer, GNMA servicer, FHLMC servicer, is approved by GNMA as an issuer of GNMA Securities, by FNMA to be a lender with regard to FNMA Securities, by FHLMC to be a seller with regard to FHLMC Securities, and is eligible as a lender under the VA loan guaranty program.


More Definitions of FNMA Securities

FNMA Securities means securities issued or guaranteed by FNMA, --------------- including, without limitation, modified pass-through mortgage-backed certificates guaranteed by FNMA pursuant to the National Housing Act, as amended.
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Related to FNMA Securities

  • BofA Securities means BofA Securities, Inc.

  • Series A Securities means the Company's 10.01% Series A Junior Subordinated Deferrable Interest Debentures due March 15, 2027, as authenticated and issued under this Indenture.

  • NIM Securities Any debt securities secured or otherwise backed by some or all of the Class X and Class P Certificates that are rated by one or more Rating Agencies.

  • Rule 144A Securities means all Initial Securities offered and sold to QIBs in reliance on Rule 144A.

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • Lock-Up Securities shall have the meaning set forth in Section 4.1.

  • SPA Securities means the Notes issued pursuant to the Securities Purchase Agreement.

  • Asset-Backed Securities means securities which:

  • Series B Securities means the Company's Series B 9 3/8% Junior Subordinated Deferrable Interest Debentures due May 1, 2028, as authenticated and issued under this Indenture.

  • Purchaser Securities means the Purchaser Units, the Purchaser Common Stock, the Purchaser Preferred Stock and the Purchaser Warrants, collectively.

  • Offeror’s Securities means Voting Shares Beneficially Owned by an Offeror on the date of the Offer to Acquire;

  • U.S. Securities means Securities issued by an issuer that is organized under the laws of the United States or any State thereof or that are otherwise traded in the United States, and shall include American Depositary Receipts.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Related Securities means any options or warrants or other rights to acquire Shares or any securities exchangeable or exercisable for or convertible into Shares, or to acquire other securities or rights ultimately exchangeable or exercisable for or convertible into Shares.

  • Designated Securities means securities issued by an Insured, or by any Affiliated Entity, or by any Fund to which such Insured or any Affiliated Entity provides any services.

  • Approved Securities means securities of any State Government or of the Central Government and such bonds, both the principal whereof and the interest whereon shall have been fully and unconditionally guaranteed by any such Government;

  • Private Securities Transaction means any securities transaction relating to new offerings of securities which are not registered with the Securities and Exchange Commission, provided however that transactions subject to the notification requirements of Rule 3050 of the Financial Industry Regulatory Authority’s (FINRA) Conduct Rules, transactions among immediate family members (as defined in the interpretation of the FINRA Board of Governors on free-riding and withholding) for which no associated person receives any selling compensation, and personal securities transactions in investment company and variable annuity securities shall be excluded.

  • Non Book-Entry Capital Securities shall have the meaning set forth in Section 2.05.

  • CHESS Approved Securities means securities of the Company for which CHESS approval has been given in accordance with the ASX Settlement Operating Rules;

  • Securities as used herein does not include (i) securities of issuers that are affiliated with the Buyer or are part of the Buyer's Family of Investment Companies, (ii) securities issued or guaranteed by the U.S. or any instrumentality thereof, (iii) bank deposit notes and certificates of deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities owned but subject to a repurchase agreement and (vii) currency, interest rate and commodity swaps.

  • Permitted Securities means any of the following:

  • Regulation S Securities means all Initial Securities offered and sold outside the United States in reliance on Regulation S.

  • Agency Securities means negotiable debt obligations which are fully guaranteed as to both principal and interest by the Federal National Mortgage Association, the Government National Mortgage Association or the Federal Home Loan Mortgage Corporation, but excluding (i) interest only and principal only securities and (ii) Collateralized Mortgage Obligations, Real Estate Mortgage Investment Conduits and similar derivative securities.

  • Exempted Securities means:

  • Exempt Securities has the meaning set forth in Section 4.4(d).