Current LTV definition

Current LTV. The ratio of the Stated Principal Balance of a Mortgage Loan to the Current Appraised Value of the Mortgaged Property.
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Current LTV in relation to a Loan means the Current Balance of such Loan divided by the current property value (as per latest physical valuation).
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Current LTV means, in respect of all Mortgage Loans relating to a Borrower and secured on the same property, the ratio calculated in respect of the most recent Interest Payment Date of the aggregate amount of the Principal Outstanding Balance of such Mortgage Loans on such Interest Payment Date to the valuation of the relevant property as at the date on which such Mortgage Loans were originated or, if later, any date on which a revaluation was required by law, provided that the Current LTV as at the Closing Date is calculated as the ratio of the aggregate amount of the Principal Outstanding Balance of such Mortgage Loans on the Collateral Determination Date to the valuation of the relevant property as at the date on which such Mortgage Loans were originated or, if later, any date on which a revaluation was required by law.
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Examples of Current LTV in a sentence

  • Weighted Average Current LTV is calculated based on indexed property values as per the Indexation Methodology.3. Weighted Average Current LTV (unindexed), Weighted Average Authorized LTV and Weighted Average Original LTV are calculated based on appraisal amount at origination.

  • For Multiproduct loans, Current LTV is calculated based on all loans secured by the same property within the Cover Pool.

  • Weighted Average Current LTV is based on quarterly indexation of original or renewal appraised value.

  • Current LTV is based on the quarterly indexation of the original or renewal appraised value.

  • Weighted Average Current LTV is calculated based on indexed property values as per the Indexation Methodology.3. Weighted Average Current LTV (unindexed), Weighted Average Authorized LTV and Weighted Average Original LTV are calculated based on appraisal amount at origination.4. Effective June 30, 2015, loan seasoning is calculated as the difference, in months, from Calculation Date to the loan’s funding date.

  • Weighted Average Current LTV is calculated based on indexed property values as per the Indexation Methodology.

  • The Weighted Average Current LTV is calculated considering the valuation of the asset as of the origination date.

  • Weighted Average Original LTV and Weighted Average Authorized LTV are based on original or renewal appraised value.(2) Weighted Average Current LTV is based on quarterly indexation of original or renewal appraised value.

  • The Origination LTV and Estimated Current LTV for a HELOC include any first lien mortgage outstanding on the same property at the time of the HELOC’s origination.

  • Current LTV Outstanding (TL) % of outstanding No. Of Contracts % of contracts [ 0% ; 10% [[ 10% ; 20% [[ 20% ; 30% [[ 30% ; 40% [[ 40% ; 50% [[ 50% ; 60% [[ 60% ; 70% [[ 70% ; 75% [Over 75% Total3.


More Definitions of Current LTV

Current LTV means the current principal balance outstanding of the Mortgage (for the avoidance of doubt, including the current principal balance of any Further Advances secured by the same Property) divided by the latest appraised valuation of the Property.
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Current LTV means the current principal balance outstanding of the Mortgage (for the avoidance of doubt, including the current principal balance of any Further Advances secured by the same Property) divided by the latest appraised valuation of the Property. Original LTV means the original principal balance of the relevant Loan divided by the original appraised valuation amount or, if there has been a Further Advance, the outstanding loan balance at the time of the latest Further Advance plus the balance of the latest Further Advance divided by the appraised valuation at the time of the latest Further Advance. On the last day of the month preceding each Determination Date (a "MM Test Date"), the Mortgage Manager will test each Further Advance, Retention Advance or Redraw acquired or funded by the Issuer in the period since the immediately preceding MM Test Date (or, in the case of the first MM Test Date, since the Issue Date) against the conditions set out above (the "FRR Conditions"). If a Further Advance, Retention Advance or Redraw fails to satisfy the FRR Conditions on the MM Test Date the Seller will, on the Determination Date immediately succeeding that MM Test Date, repurchase either:
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Current LTV. PRINCIPAL BAL PCT($) # OF LOANS PCT(#) 8.88 - 10.00 76,523.96 0.04 3 0.15 10.01 - 15.00 52,000.00 0.03 2 0.10 15.01 - 20.00 390,681.85 0.22 9 0.46 20.01 - 25.00 654,338.90 0.37 15 0.77 25.01 - 30.00 1,702,078.65 0.97 23 1.17 30.01 - 35.00 699,293.10 0.40 15 0.77 35.01 - 40.00 1,786,008.32 1.02 34 1.73 40.01 - 45.00 2,163,255.96 1.24 35 1.79 45.01 - 50.00 3,171,952.72 1.81 50 2.55 50.01 - 55.00 4,269,228.63 2.44 63 3.21 55.01 - 60.00 7,890,694.29 4.51 97 4.95 60.01 - 65.00 12,600,709.83 7.20 165 8.42 65.01 - 70.00 18,835,997.24 10.76 215 10.97 70.01 - 75.00 27,170,189.54 15.53 312 15.92 75.01 - 80.00 57,954,123.38 33.12 596 30.41 80.01 - 85.00 12,803,588.57 7.32 131 6.68 85.01 - 90.00 17,928,449.24 10.24 154 7.86 90.01 - 95.00 4,371,131.23 2.50 36 1.84 95.01 - 97.85 479,665.48 0.27 5 0.26 ------------------------------------------------------------------------------------------------------------------------------ TOTAL 174,999,910.89 100.00 1,960 100.00 ============================================================================================================================== FICO SCORE: <= 299 174,390.00 0.10 3 0.15 450 - 499 134,400.00 0.08 2 0.10 500 - 549 24,625,498.54 14.07 305 15.56 550 - 599 52,409,327.33 29.95 613 31.28 600 - 609 16,315,669.01 9.32 168 8.57 610 - 619 12,449,283.93 7.11 145 7.40 620 - 629 13,460,470.14 7.69 134 6.84 630 - 639 11,289,807.90 6.45 119 6.07 640 - 649 10,078,638.98 5.76 107 5.46 650 - 659 6,512,139.58 3.72 72 3.67 660 - 669 6,442,438.83 3.68 68 3.47 670 - 679 4,142,243.10 2.37 47 2.40 680 - 689 4,422,822.88 2.53 39 1.99 690 - 699 3,009,469.83 1.72 32 1.63 700 - 719 3,841,368.02 2.20 44 2.24 720 - 739 3,434,907.97 1.96 33 1.68 740 - 759 589,212.94 0.34 9 0.46 760 - 779 1,164,083.99 0.67 13 0.66 780 - 799 219,737.92 0.13 5 0.26 800 - 803 284,000.00 0.16 2 0.10 ------------------------------------------------------------------------------------------------------------------------------ TOTAL 174,999,910.89 100.00 1,960 100.00 ============================================================================================================================== GREENWICH CAPITAL =================------------------------------------------------------------------------------------------------------------- The information contained herein has been prepared solely for the use of Greenwich Capital Markets, Inc. and has not been independently verified by Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc. makes no ...
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Related to Current LTV

  • Current Balance Sheet shall have the meaning set forth in Section 2.7.

  • Current Date means any day during the 20-day period ending on the date of the Closing.

  • Current Balance Sheet Date means December 31, 1997.

  • Company Balance Sheet has the meaning set forth in Section 3.04(e).

  • Current Ratio means the ratio of Current Assets to Current Liabilities.

  • Latest Balance Sheet has the meaning set forth in Section 3.4(a).

  • Current Liabilities are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Current Fiscal Year means the fiscal year for which a particular calculation is made.

  • Consolidated Capitalization means the sum obtained by adding (i) Consolidated Shareholders' Equity, (ii) Consolidated Indebtedness for money borrowed (exclusive of any thereof which is due and payable within one year of the date such sum is determined) and, without duplication, (iii) any preference or preferred stock of the Company or any Consolidated Subsidiary which is subject to mandatory redemption or sinking fund provisions.

  • Consolidated Current Liabilities means, as at any date of determination, the consolidated current liabilities of the Borrower and its Restricted Subsidiaries that may property be classified as current liabilities in conformity with GAAP, excluding, without duplication, the current portion of any long-term Indebtedness.

  • Interim Balance Sheet as defined in Section 3.4.

  • Consolidated Capital means the sum (without duplication) of (i) Consolidated Debt of the Borrower (without giving effect to the proviso in the definition of Consolidated Debt) and (ii) consolidated equity of all classes (whether common, preferred, mandatorily convertible preferred or preference) of the Borrower.

  • Pro Forma Balance Sheet as defined in Section 4.1(a).

  • Consolidated Total Funded Indebtedness (i) obligations under any derivative transaction or other Hedging Agreement, (ii) undrawn Letters of Credit, (iii) Earn-Outs to the extent not then due and payable and if not recognized as debt on the balance sheet in accordance with GAAP and (iv) leases that would be characterized as operating leases in accordance with GAAP on the date hereof.

  • Latest Balance Sheet Date has the meaning set forth in Section 3.10.

  • Parent Balance Sheet shall have the meaning assigned to such term in Section 5.13 hereof.

  • Current Assets of any Person means all assets of such Person that would, in accordance with GAAP, be classified as current assets of a company conducting a business the same as or similar to that of such Person, after deducting adequate reserves in each case in which a reserve is proper in accordance with GAAP.

  • Consolidated Senior Funded Debt means at any date the sum of: (i) Consolidated Funded Debt, minus (ii) the Subordinated Debt.

  • Total Funded Debt means all Funded Debt of the Borrower and its Consolidated Subsidiaries, on a consolidated basis, as determined in accordance with GAAP.

  • Funded Debt means all Indebtedness of the Parent Borrower and its Restricted Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures within one year from such date that is renewable or extendable, at the option of such Person, to a date more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date, including Indebtedness in respect of the Loans.

  • Capitalization Date has the meaning set forth in Section 3.2(a).

  • Consolidated Depreciation Expense means, for any period, the depreciation expense of Holdings and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Recent Balance Sheet has the meaning set forth in Section 3.5(a).

  • Most Recent Balance Sheet Date has the meaning set forth in Section 4.4.