Common use of Borrower’s Ability to Repay Clause in Contracts

Borrower’s Ability to Repay. The methodology used in underwriting the extension of credit for each mortgage loan in the trust did not rely on the extent of the borrower’s equity in the collateral as the principal determining factor in approving such extension of credit. The methodology employed objective criteria that related such facts as, without limitation, the borrower’s credit history, income, assets or liabilities, to the proposed mortgage payment and, based on such methodology, the mortgage loan’s originator made a reasonable determination that at the time of origination the borrower had the ability to make timely payments on the mortgage loan.

Borrower’s Ability to Repay. The methodology used in underwriting the extension of credit for each mortgage loan in the trust did not rely on the extent of the borrower’s 's equity in the collateral as the principal determining factor in approving such extension of credit. The methodology employed objective criteria that related such facts as, without limitation, the borrower’s 's credit history, income, assets or liabilities, to the proposed mortgage payment and, based on such methodology, the mortgage loan’s 's originator made a reasonable determination that at the time of origination the borrower had the ability to make timely payments on the mortgage loan.

Borrower’s Ability to Repay. The methodology used in underwriting the extension of credit for each mortgage loan Mortgage Loan in the trust did not rely solely on the extent of the borrower’s Mortgagor's equity in the collateral as the principal determining factor in approving such extension of credit. The methodology employed objective criteria that related such facts as, without limitation, the borrower’s Mortgagor's credit history, income, assets or liabilities, to the proposed mortgage payment and, based on such methodology, the mortgage loan’s Mortgage Loan's originator made a reasonable determination that at the time of origination the borrower Mortgagor had the ability to make timely payments on the mortgage loanMortgage Loan.

Borrower’s Ability to Repay. The methodology used in underwriting the extension of credit for each mortgage loan Mortgage Loan in the trust did not rely solely on the extent of the borrowerMortgagor’s equity in the collateral as the principal determining factor in approving such extension of credit. The methodology employed objective criteria that related such facts as, without limitation, as the borrower’s credit history, income, assets or liabilities, to the proposed mortgage payment and, based on such methodology, the mortgage loanMortgage Loan’s originator made a reasonable determination that at the time of origination the borrower Mortgagor had the ability to make timely payments on the mortgage loanMortgage Loan.

Borrower’s Ability to Repay. The methodology used in underwriting the extension of credit for each mortgage loan in the trust Mortgage Loan did not rely solely on the extent of the borrower’s equity in the collateral as the principal determining factor in approving such extension of credit. The methodology employed objective criteria that related such facts as, without limitation, as the borrower’s credit history, income, assets or and liabilities, to the proposed mortgage payment and, based on such methodology, the mortgage loan’s originator made a reasonable determination that at the time of origination the borrower had the ability to make timely payments on the mortgage loan.;

Borrower’s Ability to Repay. The methodology used in underwriting the extension of credit for each mortgage loan in the trust Mortgage Loan did not rely solely on the extent of the borrower’s equity in the collateral as the principal determining factor in approving such extension of creditcredit extension. The methodology employed related objective criteria that related such facts as, without limitation, as the borrower’s credit history, income, assets or liabilitiesassets, and liabilities to the proposed mortgage payment and, based on such methodology, the mortgage loanMortgage Loan’s originator made a reasonable determination that at the time of origination the borrower had the ability to make timely payments on the mortgage loan.

Borrower’s Ability to Repay. The methodology used in underwriting the extension of credit for each mortgage loan Mortgage Loan in the trust did not rely solely on the extent of the borrowerMortgagor’s equity in the collateral as the principal determining factor in approving such extension of credit. The methodology employed objective criteria that related such facts as, without limitation, as the borrower’s credit history, income, assets or and liabilities, to the proposed mortgage payment and, based on such methodology, the mortgage loanMortgage Loan’s originator made a reasonable determination that at the time of origination the borrower Mortgagor had the ability to make timely payments on the mortgage loanMortgage Loan.

Borrower’s Ability to Repay. The methodology used in underwriting the extension of credit for each mortgage loan in the trust Loan did not rely solely on the extent of the borrower’s equity in the collateral as the principal determining factor in approving such extension of credit. The methodology employed objective criteria that related such facts as, without limitation, as the borrower’s credit history, income, assets or and liabilities, to the proposed mortgage payment and, based on such methodology, the mortgage loan’s originator made a reasonable determination that at the time of origination the borrower had the ability to make timely payments on the mortgage loan.;

Borrower’s Ability to Repay. The methodology used in underwriting the extension of credit for each mortgage loan Mortgage Loan in the trust did not rely on the extent of the borrowerMortgagor’s equity in the collateral as the principal determining factor in approving such extension of credit. The methodology employed objective criteria that related such facts as, without limitation, the borrower’s credit history, income, assets or liabilities, to the proposed mortgage payment and, based on such methodology, the mortgage loanMortgage Loan’s originator made a reasonable determination that at the time of origination the borrower Mortgagor had the ability to make timely payments on the mortgage loanMortgage Loan.