Subprime Mortgage Loan. (a) Definition: A First Mortgage Loan or Second Mortgage Loan that has a risk rating of "A-," "B" or "C" (determined using underwriting standards that comply with industry standards in the sole judgment of Lender), and that is acceptable for purchase by at least two Investors.
Appears in 2 contracts
Samples: Credit and Security Agreement (Oak Street Financial Services Inc), Warehousing Credit and Security Agreement (First NLC Financial Services Inc)
Subprime Mortgage Loan. (a) a. Definition: A First Mortgage Loan or Second that is not a Prime Mortgage Loan that Loan, which has a risk rating of "A-," ", "B" or "C" (determined using underwriting under-writing standards that which comply with industry standards in the sole judgment of the Lender), which is made to a mortgagor with a FICO Score of no less than 500, and that which is acceptable for purchase by at least two Investors.
Appears in 2 contracts
Samples: Term Loan and Security Agreement (Accredited Home Lenders Holding Co), Term Loan and Security Agreement (Accredited Home Lenders Holding Co)
Subprime Mortgage Loan. (a) a. Definition: A First Mortgage Loan or Second that is not a Prime Mortgage Loan that Loan, which has a risk rating of "A-," ", "B" or "C" (determined using underwriting standards that which comply with industry standards in the sole judgment judgement of the Lender), which is made to a mortgagor with a FICO Score of no less than 500, and that which is acceptable for purchase by at least two Investors.
Appears in 2 contracts
Samples: Term Loan and Security Agreement (Accredited Home Lenders Holding Co), Term Loan and Security Agreement (Accredited Home Lenders Holding Co)
