New Mexico § 58-18-3.2 Secondary mortgage funds; additional definitions

New Mexico Statutes

§ 58-18-3.2 — Secondary mortgage funds; additional definitions

New Mexico § 58-18-3.2

Ch. 58Financial Institutions and Regulations

Art. 18Mortgage Finance Authority

This text of New Mexico § 58-18-3.2 (Secondary mortgage funds; additional definitions) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 58-18-3.2 (2026).

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.