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As used in the Mortgage Finance Authority Act:
A. “pass-through securities” means securities representing undivided ownership interests in a pool of mortgage loans; and
B. “secondary market facility” means a corporation, trust or other form of legal entity established by the authority for the purpose of the purchase, with private or public funds legally available therefor, of mortgage loans, mortgage-backed obligations, pass-through securities or interests therein.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 58. Financial Institutions and Regulations § 58-18-3.2. Secondary mortgage funds; additional definitions - last updated May 06, 2021 | https://codes.findlaw.com/nm/chapter-58-financial-institutions-and-regulations/nm-st-sect-58-18-3-2/
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