MBS Trust definition

MBS Trust means any of the trusts or trust estates in which the Mortgage Loans being serviced by the Borrower pursuant to the Servicing Contracts are held by the related MBS Trustee.
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MBS Trust. Any trust created pursuant to the MBS Master Trust Agreement.
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Examples of MBS Trust in a sentence

  • It is based on information regarding the HECM MBS, the related Participations and the HECMs related to the Participations underlying the HECM MBS Trust Assets.

  • It is based on information regarding the HECM MBS, the related Participations and the HECMs related to the Participations underlying the Ginnie Mae HECM MBS Trust Assets.

  • In the event that, as to any MBS, there shall be a Default Under the MBS Trust Indenture or an Event of Default Under the MBS 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 MBS Trust Indenture shall be permitted to take in respect thereof.

  • Notwithstanding anything herein to the contrary, the Guarantor will be required to advance distributions on any Upper Tier I-REMIC Mirror Interest to the same extent that it would be required to make distributions with respect to the Certificates issued by the related MBS Trust under the Guaranty of the Certificates.

  • As to a Q-REMIC, each MBS Trust relating to the Lower Tier I- REMIC Mirror Interests held in such Q-REMIC.

  • Similar direction shall be required in order for the Trustee to waive compliance with any provision of an MBS Trust Indenture where the vote of certificateholders is required pursuant to any provision thereof.

  • Adjustable Rate MBS Trust Advanced Education Savings Plan Advanced Folio Fund Advanced Micro Devices, Inc.

  • After all, the current parties to the servicing agreement are OCN (the title holder and servicer of record) and the MBS Trust (Trustee and investor).

  • Moved by Partogian, seconded by Phelps to approve Secretary Frank’s letter to Loomis, Sayles Trust Company, LLC, requesting the transfer of securities (Schedule of Investments listed in the letter) into the Agency MBS Trust and the manager will use this Trust for future allocations to agency MBS securities on behalf the Fund, as recommended by the investment consultant.

  • On October 4, 2017 at 10:00 a.m. in Room 2600, United States Courthouse, 2005 University Boulevard, Tuscaloosa, Alabama, Ocwen, as servicer for U.S. Bank, as trustee for the MBS Trust, is required to APPEAR and SHOW CAUSE why Ocwen should not be held in contempt of court for violating the Consent Order (the "Show Cause Hearing").

Related to MBS Trust

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Special needs trust means a trust the trustee believes would not be considered a resource for purposes of determining whether a beneficiary with a disability is eligible for governmental benefits.

  • Securitization Vehicle shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Trust Student Loan means any student loan that is listed on the Schedule of Trust Student Loans on the Closing Date, plus any Additional Loan, plus any Substituted Loan that is permissibly substituted for a Trust Student Loan by the Depositor pursuant to Section 6(B) of the Sale Agreement or pursuant to Section 6(B) of an Additional Sale Agreement, or by the Servicer pursuant to Section 3.5 of the Servicing Agreement, but shall not include any Purchased Loan following receipt by or on behalf of the Trust of the Purchase Amount with respect thereto or any Liquidated Student Loan following receipt by or on behalf of the Trust of Liquidation Proceeds with respect thereto or following such Liquidated Student Loan having otherwise been written off by the Servicer.

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Owner Trust means the trust created by this Agreement.

  • Lead Securitization means, if the First Securitization is the Note A-1 Securitization, such Securitization; provided that, if any other Securitization occurs prior to the Note A-1 Securitization, then the First Securitization shall be the Lead Securitization until such time as the Note A-1 Securitization occurs.

  • Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

  • Investment Provider means any commercial bank or trust company, bank holding company, investment company or other entity (which may include the Trustee, the Bond Registrar or the Paying Agent), whose credit rating (or the equivalent of such rating by virtue of guarantees or insurance arrangements) by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or is otherwise acceptable to each such Rating Agency in order to maintain the then current rating on such Bonds by such Rating Agency, which Investment Providers shall be approved by the Authority for the purpose of providing investment agreements.

  • Series Trust means the trust known as the Series 2000-2G Medallion Trust established pursuant to the Master Trust Deed and the Series Supplement.

  • student loan means a loan towards a student's maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student's bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.

  • Securitization means one or more sales by a Note Holder of all or a portion of such Note to a depositor, who will in turn include such portion of such Note as part of a securitization of one or more mortgage loans.

  • Master Trust means Citibank Credit Card Master Trust I.

  • Blind Trust means an independently managed trust in which the employee-beneficiary has no management rights and in which the employee-beneficiary is not given notice of alterations in or other dispositions of the property subject to the trust.

  • Commercial Mortgage Loan means a loan secured by a Lien on improved real estate used for commercial purposes.

  • Securitization Property means the property described in section 10j.

  • Lead Securitization PSA means (a) during the period from and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization Date, the Note A-2 PSA and (b) from and after the Note A-1 Securitization Date, the Note A-1 PSA.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • Derivative Counterparty means any party to any Derivative Agreement other than the Issuer or the Indenture Trustee.

  • Underlying Trust Means the "Trust Fund" as defined in the Underlying Agreement.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.