definitions

definitions Sec. 302. As used in this title— (a) The term “Board of Directors” means the Board of Directors of the Corporation. (b) The term “Corporation” means the Federal Home Loan Mortgage Corporation created by this title. (c) The term “law” includes any law of the United States or of any State (including any rule of law or of equity). (d) The term “mortgage” includes such classes of liens as are commonly given or are legally effective to secure advances on, or the unpaid purchase price of, real estate under the laws of the State in which the real estate is located, together with the credit instruments, if any secured thereby, and includes interests in mortgages. (e) The term “organization” means any corporation, partnership, association, business trust, or business entity. (f) The term “prescribe” means to prescribe by regulations or otherwise. 84 Stat. 452 (g) The term “property” includes any property, whether real, personal, mixed, or otherwise, including without limitation on the generality of the foregoing choses in action and mortgages, and includes any interest in any of the foregoing. (h) The term “residential mortgage” means a mortgage which (1) is a mortgage on real estate, in fee simple or under a leasehold having such term as may be prescribed by the Corporation, upon which there is located a structure or structures designed in whole or in part for residential use, or which comprises or includes one or more condominium units or dwelling units (as defined by the Corporation) and (2) has such characteristics and meets such requirements as to amount, term, repayment provisions, number of families, status as a first lien on such real estate, and otherwise, as may be prescribed by the Corporation. (i) The term “conventional mortgage” means a mortgage other than a mortgage as to which the Corporation has the benefit of any guaranty, insurance or other obligation by the United States or a State or an agency or instrumentality of either. (j) The term “security” has the meaning ascribed to it by section 2 of the Securities Act of 1933. (k) The term “State”, whether used as a noun or otherwise, includes the several States, the District of Columbia, the Commonwealth of Puerto Rico, and the territories and possessions of the United States.