Days Delinquent definition

Days Delinquent shall refer to the number of days a Mortgage Loan is delinquent using the MBA Method of Delinquency.
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Days Delinquent. A Mortgage Loan is "30 days Delinquent" if any Monthly Payment due thereon has not been received by the close of business on the corresponding day of the month immediately succeeding the month in which such Monthly Payment was due corresponding to the day that such monthly payment was due , or, if there is no such corresponding day (e.g., as when a 30-day month follows a 31-day month in which a payment was due on the 31st day of such month) then on the last day of such immediately succeeding month. Similarly for "60 days Delinquent," "90 days Delinquent" and so on.
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Days Delinquent. With respect to each Mortgage Loan, the number of days a Mortgagor fails to make a Monthly Payment using the MBA Method of Delinquency.
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Examples of Days Delinquent in a sentence

  • CURRENT PERIOD DELINQUENCIES & LIQUIDATION LOAN LOSSES (A) Delinquent Loans, REO, Foreclosures and Bankruptcies Count Amount Percentage (i) 30-59 Days Delinquent (Incl.

  • Delinquent Balances (a) 1-29 Days Delinquent $30,192,000.00 % Of Receivables 5.001037% (b) 30-59 Days Delinquent $11,956,000.00 % Of Receivables 1.980405% (c) 60+ Days Delinquent $6,884,000.00 % Of Receivables 1.140274% 3.

  • Delinquent Balances (a) 1-29 Days Delinquent $30,419,000.00 % Of Receivables 5.632987% (b) 30-59 Days Delinquent $11,548,000.00 % Of Receivables 2.138457% (c) 60+ Days Delinquent $7,162,000.00 % Of Receivables 1.326258% 3.

  • Delinquent Balances (a) 1-29 Days Delinquent $29,247,000.00 % Of Receivables 5.227535% (b) 30-59 Days Delinquent $11,120,000.00 % Of Receivables 1.987561% (c) 60+ Days Delinquent $6,691,000.00 % Of Receivables 1.195933% 3.

  • Delinquent Balances (a) 1-29 Days Delinquent $27,008,000.00 % Of Receivables 4.028385% (b) 30-59 Days Delinquent $10,000,000.00 % Of Receivables 1.491553% (c) 60+ Days Delinquent $5,292,000.00 % Of Receivables 0.789330% 3.

  • Delinquent Balances (a) 1-29 Days Delinquent $29,757,000.00 % Of Receivables 5.111920% (b) 30-59 Days Delinquent $10,756,000.00 % Of Receivables 1.847761% (c) 60+ Days Delinquent $7,135,000.00 % Of Receivables 1.225713% 3.

  • Delinquent Accounts 30-59 Days Delinquent 10,073 60-89 Days Delinquent 5,835 90-119 Days Delinquent 4,372 120+ Days Delinquent 5,904 B(2).

  • Delinquent Accounts 30-59 Days Delinquent 13,368 60-89 Days Delinquent 6,674 90-119 Days Delinquent 5,195 120+ Days Delinquent 7,588 B(2).

  • Delinquent Receivables 30-59 Days Delinquent 46,884,976.55 60-89 Days Delinquent 27,265,046.32 90-119 Days Delinquent 22,139,687.66 120+ Days Delinquent 34,192,092.87 B(4).

  • Delinquent Accounts 30-59 Days Delinquent 12,330 60-89 Days Delinquent 7,587 90-119 Days Delinquent 5,656 120+ Days Delinquent 8,615 B(2).


More Definitions of Days Delinquent

Days Delinquent and “Monthly Payment” in Section 2 of the Existing Repurchase Agreement is hereby deleted in its entirety and replaced by the following:
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Related to Days Delinquent

  • Delinquent A Mortgage Loan is "delinquent" if any payment due thereon is not made pursuant to the terms of such Mortgage Loan by the close of business on the day such payment is scheduled to be due. A Mortgage Loan is "30 days delinquent" if such payment has not been received by the close of business on the corresponding day of the month immediately succeeding the month in which such payment was due, or, if there is no such corresponding day (e.g., as when a 30-day month follows a 31-day month in which a payment was due on the 31st day of such month), then on the last day of such immediately succeeding month. Similarly for "60 days delinquent," "90 days delinquent" and so on.

  • Delinquent Receivable means a Receivable as to which any payment, or part thereof, remains unpaid for 61 days or more from the original due date for such payment.

  • Delinquent debt means (1) any debt owed to FCIC that has not been paid by the termination date specified in the applicable contract of insurance, or other due date for payment contained in any other agreement, or notification of indebtedness, and (2) any overdue amount owed to FCIC by a debtor which is the subject of an installment payment agreement which the debtor has failed to satisfy under the terms of such agreement.

  • Delinquency means, with respect to each Individual Property, the latest date on which Taxes or Other Charges may be paid (with respect to such Individual Property) without the payment of a premium, penalty or interest.

  • 60-Day Delinquent Receivables means, as of any date of determination, all Receivables (other than Repurchased Receivables and Defaulted Receivables) that are sixty (60) or more days delinquent as of such date (or, if such date is not the last day of a Collection Period, as of the last day of the Collection Period immediately preceding such date), as determined in accordance with the Servicer’s Customary Servicing Practices.

  • Repeatedly Delinquent means any payment of a material amount of total monthly Billing under this Agreement received after the Payment Due Date, three (3) or more times during the last twelve (12) month period. The deposit may not exceed the estimated total monthly charges for a two (2) month period based upon recent Billing. The deposit may be an irrevocable bank letter of credit, a letter of credit with terms and conditions acceptable to Qwest, or some other form of mutually acceptable security such as a cash deposit. The deposit may be adjusted by CLEC’s actual monthly average charges, payment history under this Agreement, or other relevant factors, but in no event will the security deposit exceed five million dollars ($5,000,000.00). Required deposits are due and payable within thirty (30) Days after demand and non-payment is subject to the terms and provisions of Section 8.2 and Section 8.3 of this Agreement.

  • 60+ Day Delinquent Mortgage Loan (i) Each Mortgage Loan with respect to which any portion of a Scheduled Payment is, as of the last day of the prior Due Period, two months or more past due (without giving effect to any grace period), including, without limitation, such Mortgage Loans that are subject to bankruptcy proceedings, (ii) each Mortgage Loan in foreclosure and (iii) all REO Property.

  • Delinquent Mortgage Loan The meaning ascribed thereto in Section 11.02.

  • Delinquent Loan A Mortgage Loan that is delinquent at least sixty (60) days in respect of its Monthly Payments or Balloon Payment, if any, in either case such delinquency to be determined without giving effect to any Grace Period.

  • Delinquent Loans means loans where the borrowers have failed to make scheduled mortgage payments under the terms of the mortgage and where the cumulative amount of mortgage payments missed exceeds the scheduled payments due in a three-month period.

  • Delinquent Contract means any Contract as to which all or a portion of a Scheduled Payment (constituting at least ten percent (10%) of such Scheduled Payment due) is more than 60 days delinquent from its original due date.

  • Day Delinquent Mortgage Loan Each Mortgage Loan with respect to which any portion of a Scheduled Payment is, as of the last day of the prior Due Period, three months or more past due (without giving effect to any grace period), including each Mortgage Loan in foreclosure, all REO Property and each Mortgage Loan for which the Mortgagor has filed for bankruptcy.

  • Delinquency proceeding means a proceeding instituted against an insurer for the purpose of liquidating, rehabilitating, reorganizing or conserving the insurer, and a summary proceeding under section 507C.9 or 507C.10. “Formal delinquency proceeding” means any liquidation or rehabilitation proceeding.

  • 60+ Day Delinquent Loan Each Mortgage Loan (including each Mortgage Loan in foreclosure and each Mortgage Loan for which the Mortgagor has filed for bankruptcy after the Closing Date) with respect to which any portion of a Monthly Payment is, as of the last day of the prior Collection Period, two months or more past due and each Mortgage Loan relating to an REO Property.

  • Delinquency Amount means, as of any Distribution Date, the Principal Balance of all Contracts that were delinquent 60 days or more as of the end of the related Due Period (including Contracts in respect of which the related Motorcycles have been repossessed and are still in inventory).

  • Delinquency Test means, for any Payment Date, a test that will be satisfied if

  • Delinquent Account means an account with charges for electric services that remain unpaid at least 5 days after the due date.

  • Rolling Three Month Delinquency Rate With respect to any Distribution Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates, respectively) immediately preceding calendar months.

  • Delinquency Advance As defined in Section 8.09(a) hereof.

  • CMSA Delinquent Loan Status Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Delinquent Loan Status Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Delinquency Event A Delinquency Event shall have occurred with respect to any Distribution Date if the Rolling Three Month Delinquency Rate as of the last day of the immediately preceding calendar month equals or exceeds 53.00% of the Senior Enhancement Percentage for such Distribution Date.

  • Delinquent Loan Status Report format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.