Definitions.

CFR · 2024-01-01 · US · Title 12

For purposes of this subpart, the following definitions apply: (1) Pass-through securities or participation certificates that represent ownership of a fractional undivided interest in a specified pool of residential (excluding home equity loans), multifamily or commercial mortgages; or (2) A multiclass security (including collateralized mortgage obligations and real estate mortgage investment conduits) that is backed by a pool of residential, multifamily or commercial real estate mortgages, pass through MBS, or other multiclass MBSs.

official document · source cfr-2024 · id 12:§ 615.5131