Conforming Mortgage Loan definition

Conforming Mortgage Loan means a first lien Mortgage Loan originated in accordance with the criteria of an Agency for purchase of Mortgage Loans, including, without limitation, conventional Mortgage Loans, as determined by Buyer in its sole discretion.

Conforming Mortgage Loan means a Mortgage Loan (other than an a Manufactured Housing Mortgage Loan, an FHA 203(k) Loans or a State Agency Program Loan) that conforms to the requirements of an Agency for securitization or cash purchase, and which has a FICO score of at least [***].

Conforming Mortgage Loan means a conventional first priority Single-family residential Mortgage Loan that is either (i) FHA insured, (ii) VA guaranteed, (iii) guaranteed or provided under the USDA Rural Development program, (iv) eligible for sale to an Approved Investor in conjunction with a state or municipal housing bond program, or (v) a conventional mortgage loan that fully conforms to all Agency underwriting and other requirements and excluding expanded criteria loans as defined under any Agency program.

Examples of Conforming Mortgage Loan in a sentence

• As of June 7, 2011 this figure has doubled as: One hundred and twenty participants are enrolled (with growth potential for an additional 100 participants). Thirty participants have graduated. To date over 350 asset purchases in excess of $182,000 have been made (books, tuition, supplies, etc.) The average student participant saves approximately $500.

• This Agreement shall cover services rendered hereunder from October 01, 2015, until the earlier of termination of this Agreement as provided herein or the business day of the last Conforming Mortgage Loan assumption or other disposition of the last outstanding Conforming Mortgage Loan (hereinafter “Term”).

• ICFA shall pay the Manager a fee for marketing and promoting the Initiative equal to 1.00% of the amount of each Conforming Mortgage Loan originated in accordance with the Program Guidelines.

• ICFA shall pay the Manager a fee for the successful management and implementation of the Initiative in an amount equal to 50.00% of all unexpended proceeds released from: (i) the Preservation Fund upon the assumption, or other disposition, of the last outstanding Conforming Mortgage Loan; and (ii) the Mortgage Payment Protection Insurance Policy upon the assumption, or other disposition, of the last outstanding Conforming Mortgage Loan.

• Nonconforming Mortgage Loan--Any mortgage loan that does not meet the definition of a "Conforming Mortgage Loan" defined in paragraph (11) of this section.

More Definitions of Conforming Mortgage Loan

Conforming Mortgage Loan means a first lien Mortgage Loan originated in accordance with the applicable published underwriting and eligibility criteria of Xxxxxx Xxx or Freddie Mac for purchase of mortgage loans as determined by Buyer in its sole discretion.

Conforming Mortgage Loan means a Mortgage Loan originated in accordance with the criteria of an Agency for purchase of Mortgage Loans, including, without limitation, conventional Mortgage Loans, FHA Loans and VA Loans, as determined by Buyer in its sole discretion.

Conforming Mortgage Loan shall have the meaning set forth in the Pricing Letter.

Conforming Mortgage Loan means an Eligible Mortgage Loan with respect to which each of the following statements shall be accurate and complete (and Borrower by including such Mortgage Loan in any computation of the Borrowing Base shall be deemed to so represent and warrant to Agent and the Lenders as of the date of such computation):

Conforming Mortgage Loan means a first lien Mortgage Loan that (i) conforms to the requirements of an Agency for securitization or cash purchase and (ii) is subject to an Agency Commitment or a Takeout Commitment, including, without limitation, conventional Mortgage Loans, FHA Loans and VA Loans.

Conforming Mortgage Loan. Jumbo Mortgage Loan", "Alt-A First Mortgage Loan", "Alt-A Second Mortgage Loan", "Sub-Prime First Mortgage Loan", "Sub-Prime Second Mortgage Loan", "Wet-Ink Mortgage Loan", "HELOC" or "Repurchased Mortgage Loan"; provided, that a Mortgage Loan may be within more than one Class as of any date of determination.

Conforming Mortgage Loan means a First Mortgage Loan which is either (a) an FHA insured (other than a Title I Mortgage Loan or HUD 203(K) Mortgage Loan) or VA guaranteed Mortgage Loan or (b) a Conventional Mortgage Loan which is underwritten substantially in accordance with FNMA or FHLMC underwriting standards, and the principal amount of which is less than or equal to the maximum amount eligible for purchase by FNMA or FHLMC.