Pools backing Pool Certificates.

CFR · 2024-01-01 · US · Title 13

(a) (1) A minimum number of guaranteed portions of loans; (2) A minimum aggregate principal balance of the guaranteed portions; (3) A maximum percentage of the Pool which an individual guaranteed portion may constitute; (4) A maximum allowable difference between the highest and lowest note interest rates; (5) A maximum allowable difference between the remaining terms to maturity of the loans in the Pool; (6) A minimum weighted average maturity at Pool formation; and (7) A maximum allowable difference between the highest and lowest Net Rate on the guaranteed portions that are placed in a WAC Pool. (b) (c)

official document · source cfr-2024 · id 13:§ 120.611