Bonds provided, covered or protected because of the All of us Bodies, otherwise people department thereof, also instead limitation:
(a) Eligible safety for advances to all the professionals. At the time of origination otherwise restoration out-of an upfront, for each and every Bank shall receive from the credit representative or, prior to section (g) from the point, an affiliate of one’s borrowing from the bank member, and you may after that manage, a security interest in security that suits the needs of you to or even more of the following the kinds:
(A) Ties one to show a share off just the notice repayments otherwise just the dominating payments regarding underlying mortgage loans;
(i) Mortgage-recognized securities given or protected by the Freddie Mac, Fannie mae, Ginnie Mae, and other agencies of your Us Regulators;
(ii) Mortgages and other loans, aside from delinquency condition, towards extent your financial otherwise mortgage was covered otherwise protected by United states otherwise one company thereof, or otherwise is actually backed by a full trust and you can borrowing from the bank out of the united states, and you can eg insurance policies, make certain or any other backing is for this new lead benefit of brand new proprietor of mortgage otherwise financing; and you may
