Examples of Performing Mortgage Loan in a sentence

A refinancing of the Non- Performing Mortgage Loan under Fannie Mae’s In Place Loan execution as described in Part V, Chapter 8: In Place Loans is a Joint Workout under this Chapter.
For Secondary Risk Mortgage Loans, the Lender shall be the Special Servicer to perform all approved loss mitigation actions to be taken under the Dual Track Approach as described in this Chapter, including selecting and implementing a Course of Action for resolution of the Non- Performing Mortgage Loan.
Resolution Approving a Subordination Agreement Respecting the Re-finance of a Performing Mortgage Loan Made Pursuant to the County’s Revolving Loan FundA5.
The most effective and efficient approach to resolving a Non- Performing Mortgage Loan requires pursuing dual tracks concurrently:dialogue with the Borrower; and foreclosure process.
If the Borrower is not willing to account for and remit the monthly net operating income to the Servicer, then further negotiations with the Borrower must cease immediately.2. Primary Risk Mortgage LoansUpon transfer of the Primary Risk Mortgage Loan to Fannie Mae Special Asset Management, the Servicer must cease any further dialogue or correspondence with the Borrower regarding the status of the Non- Performing Mortgage Loan or the Borrower's efforts to cure the default.

More Definitions of Performing Mortgage Loan

Performing Mortgage Loan. Any Corrected Mortgage Loan and any Mortgage Loan as to which a Servicing Transfer Event has never occurred.

Performing Mortgage Loan means, as of any date of determination, any Mortgage Loan as to which no Servicing Transfer Event then exists.

Performing Mortgage Loan means any Mortgage Loan for which any payment of principal or interest (a) is not thirty (30) days or more past due and (b) has not been thirty (30) days or more past due during the immediately preceding twelve (12) month period.

Performing Mortgage Loan means any Corrected Mortgage Loan and any Mortgage Loan as to which a Servicing Transfer Event has never occurred.

Performing Mortgage Loan. A Serviced Mortgage Loan that is not, and is not part of, a Specially Serviced Loan or REO Loan.

Performing Mortgage Loan means any Mortgage Loan that is current or thirty (30) days or less delinquent (MBA method). The rights of Seller to payment in respect of any exercise of Clean Up Call Rights under this Section 6.10 by HLSS or its designee shall survive any transfer of servicing pursuant to Section 6.12.”

Performing Mortgage Loan means any Eligible Loan that, as of any date of determination, is 29 days or less delinquent and is not a Sub-Performing Mortgage Loan or a Defaulted Mortgage Loan.