Each Stripped Mortgage-Backed Security (SMBS) is created as a trust and is governed by a Trust Agreement.
The Trust Agreement -- along with its exhibits -- defines the terms of the deal, describes how the deal will be executed, and lists the deal's parameters or limitations.
SMBS Trust Agreements in effect for certain dates are listed below. The Mega and SMBS Trust Agreements, have been combined in a single document as of December 1, 2007.
Each is presented as a Portable Document Format (PDF) file.