ARM Loans definition

ARM Loans. At any time, collectively, all the Mortgage Loans which have adjustable Mortgage Rates.
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ARM Loans. For these loans, Wells Fargo Home Mortgage has established the following limits: 1 xx XRM - not allowed 2/6 ARM - maximum 2 year prepayment penalty option 3/6 ARM - maximum 3 year prepayment penalty option Note: Prepayment penalty options are not available on table-funded transactions (loans closed in the broker's or joint venture's name). Estimating the penalty amount Included in this guide you will find several examples of how to calculate a prepayment penalty. Please remember that these examples are provided as a helpful tool for estimating potential penalties when a customer is considering the option of a prepayment penalty. The examples are specifically NOT to be used to calculate payoff amounts.
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ARM Loans. At any time, collectively, all the mortgage loans that have been sold to the Depositor under the Mortgage Loan Sale and Contribution Agreement which have adjustable rates and will be secured by first liens on the related Mortgage Property.
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Examples of ARM Loans in a sentence

  • No later than March 3, 2000, Owner and the Company shall have completed a training program for the Company's employees in the proper servicing of interest-only ARM Loans subject to this Agreement.

  • Notwithstanding the foregoing, the Company's representations and warranties as to the proper servicing of ARM Loans shall be effective upon the fulfillment of the covenants set forth in Section 2.09 of this Agreement.

  • In addition, for ARM Loans, in no event shall the Index, Margin, Periodic Rate Cap, Adjustment Date, Lifetime Rate Cap or minimum rate be changed.

  • No later than the fourth Business Day preceding each Payment Date, the Master Servicer shall present an Officer's Certificate to the Indenture Trustee and the Bond Insurer with respect to the ARM Loans, (i) stating that the Master Servicer elects not to make an Advance in a stated amount and (ii) detailing the reason it deems the advance to be a Nonrecoverable Advance.

  • Pricing Prepayment Speed: The Offered Certificates will be priced based on the following collateral prepayment assumptions: FRM Loans: 100% PPC (100% PPC: 2.00% - 20.00% CPR over 10 months, 20% thereafter) ARM Loans: 100% PPC (100% PPC: 28.00% CPR) Mortgage Loans: As of the Cut-off Date, the aggregate principal balance of the Mortgage Loans was approximately $299,000,708, which consisted of a pool of fixed-rate and adjustable rate, first lien mortgage loans (the "MORTGAGE LOANS").

  • With respect to Revolving Credit Loans which are ARM Loans, the Note Rate and the Monthly Payment with respect to each Revolving Credit Loan is adjusted in accordance with the terms of the related Mortgage Note.

  • Notwithstanding the foregoing, Purchaser’s representations and warranties herein, to the extent relating to the proper servicing of ARM Loans, shall become effective upon the fulfillment of the covenants set forth in Section 4.35.

  • The sample shall be selected by Purchaser in its sole discretion within ten (10) business days after receipt by Purchaser of Seller’s list of ARM Loans currently serviced by the Company or any Company Subsidiary, and the audit shall be completed within sixty (60) days after Seller is notified by Purchaser of the sample selected by Purchaser.

  • Minimum Rate (ARM Loans Only) 8.411% 6.000% to 12.550% Weighted Avg.

  • Maximum Mortgage Rate (ARM Loans Only): 14.597% 11.750% to 19.990% Wtd.


More Definitions of ARM Loans

ARM Loans means Securitized ARM Loans, ARM Loans Collateralizing Debt and ARM loans held for securitization.
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ARM Loans. First lien, conventional, 1-4 family residential Mortgage Loans with interest rates which adjust from time to time in accordance with the related Index and are subject to Periodic Rate Caps and Lifetime Rate Caps and which do not permit conversion to fixed interest rates.
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ARM Loans. For these loans, Wells Fargo Home Mortgage has established the following limits: 0 xx ARM - not allowed 2/6 ARM - maximum 2 year prepayment penalty option 3/6 ARM - maximum 3 year prepayment penalty option Note: Prepayment penalty options are not available on table-funded transactions (loans closed in the broker's or joint venture's name). Estimating the penalty amount Included in this guide you will find several examples of how to calculate a prepayment penalty. Please remember that these examples are provided as a helpful tool for estimating potential penalties when a customer is considering the option of a prepayment penalty. The examples are specifically NOT to be used to calculate payoff amounts.
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ARM Loans means all Mortgage Loans having an adjustable rate of interest.
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ARM Loans means those Mortgage Loans that are adjustable rate loans.
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ARM Loans. At any time, collectively, all the Mortgage Loans, excluding HELOC Mortgage Loans, which have adjustable Mortgage Rates.
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Related to ARM Loans

  • ARM Loan A Mortgage Loan, if any, the Mortgage Interest Rate of which is subject to periodic adjustment in accordance with the terms of the related Mortgage Note.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Mortgage Rate Caps With respect to an Adjustable Rate Mortgage Loan, the Periodic Mortgage Rate Cap, the Maximum Mortgage Rate, and the Minimum Mortgage Rate for such Mortgage Loan.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • ABL Loans means the “Loans” as defined in the ABL Credit Agreement.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Replacement Loans has the meaning specified in Section 10.01.

  • Term Loan as defined in Section 2.1.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).