Program Leverage with Other Sample Clauses

Program Leverage with Other. Financial Resources This program is designed to complement and supplement HAMP, Non-HAMP or other lender/servicer workout solutions. Lender/servicers must be willing to participate. 1. Program Overview The Temporary and Immediate Homeowner Assistance (TIHA) can provide up to $30,000 for partial or full reinstatement or other mortgage related default assistance. Mortgage related default assistance may help pay delinquent taxes, insurances and association dues. TIHA funds can be used to address: • delinquent mortgage payments including escrows • escrow shortage payments • payment of non-escrowed taxes or insurances • satisfaction of delinquent condo or planned unit development (PUD) homeowners association dues and special assessments • satisfaction of subordinate liens, superior real estate tax liens or other liens related to the property 2. Program Goals To help a homeowner avoid foreclosure when faced with temporary or immediate crisis.
View Source
Program Leverage with Other. Financial Resources As the Program will reduce the existing first mortgage loan; there will be a minimum 1:1 private capital leveraged match. Lender match amounts shall be documented at the time of closing of the modification.
View Source

Related to Program Leverage with Other

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Leverage The Fund has no liability for borrowed money or under any reverse repurchase agreement.

  • Consolidated Senior Leverage Ratio Permit the Consolidated Senior Total Leverage Ratio as of the end of each of the Fiscal Quarters ending on the dates set forth for the period of four Fiscal Quarters ending on such date below to be greater than the ratio set forth below opposite such period: March 31, 2008 through December 31, 2008 3.50 to 1.00 March 31, 2009 through December 31, 2009 3.25 to 1.00 March 31, 2010 through December 31, 2010 3.00 to 1.00 March 31, 2011 through December 31, 2011 2.50 to 1.00 March 31, 2012 through December 31, 2013 2.25 to 1.00

  • Measurement Period In this Agreement, unless the contrary intention appears, a reference to:

  • Senior Leverage Ratio The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.