CRA Loans definition

CRA Loans means CRA-eligible residential mortgage loans originated and/or held by BNY and its Subsidiaries.
CRA Loans means (a) the loans listed on Schedule 1.1(r) hereof (exclusive of any reserves for loan losses), as such loans may be increased, decreased, amended, renewed or extended in the ordinary course of business between July 1, 1999 and the close of business on the Closing Date and (b) loans made in the ordinary course of business between July 1, 1999 and the close of business on the Closing Date pursuant to the terms of the CRA Commitments (exclusive of any reserves for loan losses), as such loans may be increased, decreased, amended, renewed or extended in the ordinary course of business between July 1, 1999 and the close of business on the Closing Date; provided, however, that CRA Loans shall not include any loan described in subsection (a) or (b) above, if such loan, as of the Closing Date, is (i) subject to a current legal proceeding related to a Customer's inability or refusal to pay such loan, (ii) not current and with respect to which proceedings are pending against the obligor or obligors of such loan under Title 11 of the United States Code or (iii) Nonperforming. Each CRA Loan shall include all documents executed or delivered in connection with such loan to the extent such documents are in the loan file relating to such loan, any and all collateral held as security therefor or in which a security interest, Lien or mortgage has been granted and any and all guarantees, insurance and other credit enhancements relating thereto, together with Accrued Interest thereon, all as exists at the close of business on the Closing Date.

Examples of CRA Loans in a sentence

  • CRA Loans require a 3 percent down payment.• Adjust Rate Mortgage (ARM) Loan: down payment requirements for ARM Loans can vary from no down payment to 5 percent.

  • Dale Westhoff, Packaging CRA Loans into Securities, Mortgage Banking (May 1, 1998) (online at www.allbusiness.com/personal-finance/real-estate-mortgage-loans/677967–1.html).

  • TABLE 3-5CHC Share of CRA Loans to Underserved Markets in St. Joseph County, Indiana: 1994-1996 Underserved Market Categories CHC Share of CRA Loans Made All Final Rule Underserved Markets There is one last way of viewing the CHC’s importance.

  • We then interact past alpha and director ownership, by adding as an explanatory variable the fund’s past alpha multiplied by an indicator variable equal to one for above-median ownership, and zero otherwise.

  • We’re quite happy living with the existing rules.” Philip Angelides, Prosperity Hinges on CRA Loans, Sacramento Bee, Metro Final, July 18,1999 at I1.

  • CRA Loans are Profitable and Perform Well ▪ Most banks report that CRA small business and housing loans are profitable with equal or high returns than conventional loans ▪ Small business loans returns on equity, delinquency and charge-off rates very close to conventional loans for the vast majority of banks.

  • The third section focuses on how much it costs to live in the City and County, along with an examination of the Community Reinvestment Act (CRA) Loans.

Related to CRA Loans

  • 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.

  • 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.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

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

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • 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.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • 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.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Swing Loans each is defined in Section 1.7 hereof.

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • LIBOR Loans means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • New Revolving Loans as defined in Section 2.25.

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

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Bank Loans means debt obligations (including, without limitation, term loans, revolving loans, debtor-in-possession financings, the funded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) that are generally provided under a syndicated loan or credit facility or pursuant to any loan agreement or other similar credit facility, whether or not syndicated.

  • 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.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Advances means Advances made other than Letters of Credit.

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