Examples of Alt-A Mortgage Loan in a sentence

Any Prime Mortgage Loan or Alt-A Mortgage Loan that had at the time of origination an LTV in excess of 100% is insured as to payment defaults by a PMI Policy.
At the conclusion of the review, Deutsche Bank’s Diligence Supervisor informed a senior Hybrid ARMs6 Alt-A Mortgage Loan Trader, a Managing Director (hereinafter, “Trader 2”), that [t]his Alt-A/Alt-B pool was the most adverse Alt pool I have seen in 4 years - many of the loans were defaulting on mortgages .
As another example, in January 2007, the Diligence Supervisor recommended to a senior Fixed-Rate Alt-A Mortgage Loan Trader, a Managing Director (hereinafter, “Trader 3”), to increase a 15% sample for a GMAC-RFC $375 million pool.
In the case of an Alt-A Mortgage Loan, either (i) the FICO score of the related Mortgagor was at least 600 on the Origination Date or (ii) such Alt-A Mortgage Loan meets the underwriting criteria of a takeout investor acceptable to the Committed Buyer.
No Alt-A Mortgage Loan has a CLTV greater than 95% or a FICO score less than 600.

More Definitions of Alt-A Mortgage Loan

Alt-A Mortgage Loan. A Mortgage Loan originated and designated as "Alt-A" pursuant to the Underwriting Guidelines.

Alt-A Mortgage Loan a Mortgage Loan which (i) is a Mortgage Loan in which the mortgagor has a FICO score in excess of 620, (ii) is a Mortgage Loan not documented on loan documents prescribed by FNMA or FHLMC for Conforming Conventional Mortgage Loans, (iii) has an original principal balance of less than or equal to $650,000, and (iv) has been underwritten in accordance with the guidelines of an Approved Investor.

Alt-A Mortgage Loan means a Mortgage Loan with a FICO score of at least 620 originated in accordance with the criteria established by Buyer for Alt-A Mortgage Loans in accordance with the Underwriting Guidelines.

Alt-A Mortgage Loan means a first lien Mortgage Loan originated in accordance with the criteria established by Buyer for Alt-A Mortgage Loans, which has a minimum FICO score that is consistent with Buyer's or its Affiliates' underwriting guidelines in effect as of the time of origination, which are subject to change at the discretion of the Buyer.

Alt-A Mortgage Loan means a First Mortgage Loan that satisfies the requirements of an Eligible Mortgage Loan, except that such Mortgage Loan (a) does not comply with all applicable requirements for purchase by FHLMC, FNMA, or GNMA; (b) is underwritten to "Alt-A" investor specifications; and (c) has a Fair, Isaac and Co. ("FICO") score of greater than 620.

Alt-A Mortgage Loan means a Mortgage Loan that satisfies the guidelines for such loans set forth in the related Acquisition Guidelines, or as otherwise determined by Buyer in its sole discretion.