Common use of Eligible Products Clause in Contracts

Eligible Products. With respect to each mortgage loan underlying the security, the borrower was not encouraged or required to select a mortgage loan product offered by the mortgage loan’s originator which is a higher cost product designed for less creditworthy borrowers, taking into account such facts as, without limitation, the mortgage loan’s requirements and the borrower’s credit history, income, assets and liabilities. For a borrower who seeks financing through a mortgage loan originator’s higher-priced subprime lending channel, the borrower should be directed towards or offered the mortgage loan originator’s standard mortgage line if the borrower is able to qualify for one of the standard products.

Eligible Products. With respect to each mortgage loan underlying the security, the borrower was not encouraged or required to select a mortgage loan product offered by the mortgage loan’s 's originator which is a higher cost product designed for less creditworthy borrowers, taking into account such facts as, without limitation, the mortgage loan’s 's requirements and the borrower’s 's credit history, income, assets and liabilities. For a borrower who seeks financing through a mortgage loan originator’s 's higher-priced subprime lending channel, the borrower should be directed towards or offered the mortgage loan originator’s 's standard mortgage line if the borrower is able to qualify for one of the standard products.

Eligible Products. With respect to each mortgage loan Mortgage Loan underlying the any asset-backed security, the borrower was not encouraged or required to select a mortgage loan product offered by the mortgage loan’s 's originator which is a higher cost product designed for less creditworthy borrowers, taking into account such facts as, without limitation, the mortgage loan’s Mortgage Loan's requirements and the borrower’s 's credit history, income, assets and liabilities. For a borrower who seeks financing through a mortgage loan originator’s 's higher-priced subprime lending channel, the borrower should be directed towards or offered the mortgage loan originator’s 's standard mortgage line if the borrower is able to qualify for one of the standard products.;