§ 58-18-3.2. Secondary mortgage funds; additional definitions
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NM Code › Chapter 58 › Article 18 › Section 58-18-3.2
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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.
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