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. History: 1978 Comp., § 58-18-3.2, enacted by Laws 1983, ch. 285, § 1; 1995, ch. 9, § 5. ANNOTATIONSThe 1995 amendment, effective June 16, 1995, deleted 'facility or mortgage pooling' preceding 'corporation' and inserted 'trust or other form of legal entity' in Subsection B.
New Mexico Legal Code