# N.M. Stat. § 58-18-3.2: Secondary mortgage funds; additional definitions

> New Mexico · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-3.2

## Section

- **Citation:** N.M. Stat. § 58-18-3.2
- **Heading:** Secondary mortgage funds; additional definitions
- **Jurisdiction:** New Mexico
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NM Code / Chapter 58 / Article 18 / Section 58-18-3.2

## Text

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.

## Nearby sections

- [N.M. Stat. § 58-18-1 § 58-18-1. Short title](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-1.md)
- [N.M. Stat. § 58-18-2 § 58-18-2. Legislative findings; declaration of purpose](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-2.md)
- [N.M. Stat. § 58-18-2.1 § 58-18-2.1. Multiple-family, transitional and congregate dwellings; supplemental legislative findings and purpose](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-2.1.md)
- [N.M. Stat. § 58-18-3 § 58-18-3. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-3.md)
- [N.M. Stat. § 58-18-3.1 § 58-18-3.1. Additional definitions; multiple-family dwellings, transitional and congregate housing facilities](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-3.1.md)
- [N.M. Stat. § 58-18-3.2 § 58-18-3.2. Secondary mortgage funds; additional definitions](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-3.2.md)
- [N.M. Stat. § 58-18-4 § 58-18-4. Authority created](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-4.md)
- [N.M. Stat. § 58-18-5 § 58-18-5. Powers of the authority](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-5.md)
- [N.M. Stat. § 58-18-5.2 § 58-18-5.2. Authority duties](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-5.2.md)
- [N.M. Stat. § 58-18-5.3 § 58-18-5.3. Authority; multiple-family dwellings, transitional and congregate housing facilities](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-5.3.md)
- [N.M. Stat. § 58-18-5.4 § 58-18-5.4. Duties of authority; multiple-family dwellings, transitional and congregate housing facilities](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-5.4.md)
- [N.M. Stat. § 58-18-5.5 § 58-18-5.5. Additional powers of authority; authority designated as single state housing authority; application for and receipt of federal funds; administration of housing programs](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-5.5.md)
- [N.M. Stat. § 58-18-5.6 § 58-18-5.6. Duties; behavioral health](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-5.6.md)
- [N.M. Stat. § 58-18-6 § 58-18-6. Loans to mortgage lenders](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-6.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-3.2. Check the current official text before relying on it. Not legal advice.