Definitions.

CFR · 2024-01-01 · US · Title 12

(a) Terms set forth in § 1240.2 and used in this subpart have the definitions assigned in § 1240.2. (b) For the purposes of this subpart, the following terms are defined as follows: (i) Any NPL, RPL, reverse mortgage loan, or other mortgage exposure that, in any case, does not secure an MBS guaranteed by the Enterprise; (ii) Any MBS guaranteed by an Enterprise, MBS guaranteed by Ginnie Mae, reverse mortgage security, PLS, commercial MBS, CRT exposure, or other securitization exposure, regardless of whether the position is held by the Enterprise for the purpose of short-term resale or with the intent of benefiting from actual or expected short- (iii) Any other trading asset or trading liability (whether on- or off-balance sheet).

official document · source cfr-2024 · id 12:§ 1240.202