Common use of FICO Scores Clause in Contracts

FICO Scores. If the Mortgage Loan is indicated by Seller to be a first lien Mortgage Loan on the Loan Purchase Detail, at the time of origination the Mortgagor had a score on the FICO scale of at least 500. If the Mortgage Loan is indicated by Seller to be a second lien Mortgage Loan on the Loan Purchase Detail, at the time of origination the Mortgagor had a score on the FICO scale of at least 600.

Appears in 2 contracts

Samples: Mortgage Loan Purchase and Sale Agreement (National Credit & Guaranty CORP), Mortgage Loan Repurchase Agreement (Sirva Inc)

AutoNDA by SimpleDocs

FICO Scores. If the Mortgage Loan is indicated by Seller to be a first lien Mortgage Loan on the Loan Purchase Detail, at the time of origination the Mortgagor Obligor had a score on the FICO scale of at least 500. If the Mortgage Loan is indicated by Seller to be a second lien Mortgage Loan on the Loan Purchase Detail, at the time of origination the Mortgagor had a score on the FICO scale of at least 600550.

Appears in 1 contract

Samples: Mortgage Loan Purchase and Sale Agreement (National Credit & Guaranty CORP)

FICO Scores. If the Mortgage Loan is indicated by Seller to be a first lien Mortgage Loan on the Loan Purchase Detail, at the time of origination the Mortgagor had a score on the FICO scale of at least 500550. If the Mortgage Loan is indicated by Seller to be a second lien Mortgage Loan on the Loan Purchase Detail, at the time of origination the Mortgagor had a score on the FICO scale of at least 600620.

Appears in 1 contract

Samples: Mortgage Loan Repurchase Agreement (Sirva Inc)

FICO Scores. If the Mortgage Loan is indicated by Seller to be a first lien Mortgage Loan on the Loan Purchase Detail, at the time of origination the Mortgagor had a score on the FICO scale of at least 500580. If the Mortgage Loan is indicated by Seller to be a second lien Mortgage Loan on the Loan Purchase Detail, at the time of origination the Mortgagor had a score on the FICO scale of at least 600.

Appears in 1 contract

Samples: Mortgage Loan Repurchase Agreement (Sirva Inc)

AutoNDA by SimpleDocs

FICO Scores. If the Mortgage Loan is indicated by Seller to be a first lien Mortgage Loan on the Loan Purchase Detail, at the time of origination the Mortgagor Obligor had a score on the FICO scale of at least 500. If the Mortgage Loan is indicated by Seller to be a second lien Mortgage Loan on the Loan Purchase Detail, at the time of origination the Mortgagor Obligor had a score on the FICO scale of at least 600.

Appears in 1 contract

Samples: Mortgage Loan Purchase and Sale Agreement (National Credit & Guaranty CORP)

Time is Money Join Law Insider Premium to draft better contracts faster.