Examples of Buydown Loan in a sentence
In the event that, at any time, the Actual Buydown Balance is greater than an amount equal to the Buydown Limit, the Company shall, upon the request of the Purchaser, repurchase at the Repurchase Price within (10) Business Days of such request any Buydown Mortgage Loan(s) in such Loan Package; provided, however, that the Actual Buydown Balance immediately after such repurchase shall be no greater than the Buydown Loan Limit.
With respect to each Buydown Loan, the Company shall segregate and hold all Buydown Funds in the Custodial Account separate and apart from the Company's funds and general assets.
If the IRS were able to maintain this position successfully, an Owner of a Lender Buydown Loan would be treated as holding two debt instruments: one issued by the Lender (to the extent of payments from the buydown account), and the other issued by the borrower (to the extent of the net payment by the borrower).
Use of analysis carried out by the Administration which underpins a discussion taking place with the public (eg.
The Permanent Buydown Loan and the Permanent Buydown Companion Loan are given a single loan number and are billed on a single statement.