DU Refi Plus definition

DU Refi Plus means the Xxxxxx Xxx DU Refi Plus program.
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DU Refi Plus means the Xxxxxx Xxx DU Refi Plus program. “Due Date” shall mean the day of the month on which the Monthly Payment is due on a Mortgage Loan, exclusive of any days of grace. “Due Diligence Documents” shall have the meaning set forth in Section 20 hereof. “Early Opt-in Election” shall mean the occurrence of: (1) a determination by Buyer that at least three currently outstanding U.S. dollar- denominated syndicated or bilateral credit facilities at such time contain (as a result of amendment or as originally executed) as a benchmark interest rate, in lieu of the LIBOR Rate, a new benchmark interest rate to replace the LIBOR Rate, and (2) the election by Buyer to declare that an Early Opt-in Election has occurred and the provision by Buyer of written notice of such election to Seller. “Effective Date” shall mean the date upon which the conditions precedent set forth in Section 3(a) shall have been satisfied. “Electronic Agent” shall mean MERSCORP Holdings, Inc., or its successor in interest or assigns. “Electronic Record” shall mean, as the context requires, (i) “Record” and “Electronic Record,” both as defined in E-Sign, and shall include but not be limited to, recorded telephone conversations, fax copies or electronic transmissions, and (ii) with respect to an eMortgage Loan, the related eNote and all other documents comprising the Mortgage File electronically created and that are stored in an electronic format, if any. 9
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Examples of DU Refi Plus in a sentence

  • See HUD Handbook 4155.1, chapter 6.C.2.d; Fannie Mae Single Family Selling Guide, chapter B5–5, section B5–5.2 (Refi Plus and DU Refi Plus loans); Freddie Mac Single Family Seller/Servicer Guide, chapters A24, B24, and C24; VA Lenders Handbook, chapter 6.1.c.

  • Existing purchase money subordinate financing may not be satisfied with the proceeds of the new DU Refi Plus loan.

  • The DU Refi Plus LLPAs are in lieu of, and not in addition to, the Standard LLPAs.All LLPAs are cumulative, unless otherwise noted.

  • Any LLPAs assessed will be deducted from the PFI’s DDA account at the MPF Bank, generally on the Funding Date.See the Fannie Mae LLPA Matrix and Fannie Mae DU Refi Plus LLPA Matrix.

  • Fannie Mae, ‘‘Home Affordable Refinance (DU Refi Plus and Refi Plus) FAQs’’ (June 7, 2013) at 11 (describing options for meeting the requirement that the refinance provide a borrower benefit); Freddie Mac, ‘‘Freddie Mac Relief Refinance MortgagesSM—Open Access Eligibility Requirements’’ (January 2013) at 1 (describing options for meeting the requirement that the refinance provide a borrower benefit).

  • Mortgage Loans delivered under the MPF Xtra product may be subject to the following Loan Level Price Adjustments (LLPAs), as applicable:• Standard – LLPAs that apply to all Mortgage Loan types other than DU Refi Plus Mortgage Loans (See Fannie Mae’s Standard LLPA Matrix); and• DU Refi Plus – LLPAs that apply only to DU Refi Plus Mortgage Loans (see Fannie Mae’s Refi Plus LLPA Matrix).

  • DU will offer reduced employment documentation requirements on DU Refi Plus eligible loan case files.

  • The Borrower being removed must also be removed from the deed.◦ If a Borrower is being removed due to death, the 12 month payment history is not required.🞂 A Borrower may be added to the new transaction, so long asat least one of the original borrowers are retained.🞂 Non Occupant Co-Borrowers may not be added to thetransaction.✓ All standard full documentation as required by DU/LP.✓ DU Refi Plus findings requiring an appraisal are not eligible for submission to Renasant Bank.

  • NOTE DU Refi Plus HPMLs the maximum DTI is 45 no exceptions will be granted An escrow account.

  • Nor did anyone mention either of Fannie Mae’s refinancing programs Refi Plus and DU Refi Plus.

Related to DU Refi Plus

  • SONIAi-pLBD means, in respect of any London Banking Day “i” in the relevant Interest Period, the SONIA reference rate for the London Banking Day falling “p” London Banking Days prior to the relevant London Banking Day “i”.

  • CESA means the California Endangered Species Act (California Fish and Game Code, §§2050-2115.5) and all regulations promulgated pursuant to that Act.

  • Short-rotation coppice means a specific management regime whereby the poles of trees are cut every one to two years and which is aimed at producing biomass for energy. It is exempt from the UK government timber procurement policy requirements and falls under agricultural regulation and supervision rather than forestry. The exemption only refers to short-rotation coppice, and not 'conventional' coppice which is forest management and therefore subject to the timber policy.

  • KIID means key investor information document;

  • €STRi-pTBD means, in respect of any TARGET Business Day falling in the relevant Interest Accrual Period, the €STR for the TARGET Business Day falling “p” TARGET Business Days prior to the relevant TARGET Business Day “i”;

  • Van Xxxxxx Xxxrican Capital Tax Free High Income Fund ("Tax Free High Income Fund") Van Xxxxxx Xxxrican Capital California Insured Tax Free Fund ("California Insured Tax Free Fund") Van Xxxxxx Xxxrican Capital Municipal Income Fund ("Municipal Income Fund") Van Xxxxxx Xxxrican Capital Intermediate Term Municipal Income Fund (Intermediate Term Municipal Income Fund") Van Xxxxxx Xxxrican Capital Florida Insured Tax Free Income Fund ("Florida Insured Tax Free Income Fund") Van Xxxxxx Xxxrican Capital New Jersey Tax Free Income Fund ("New Jersey Tax Free Income Fund") Van Xxxxxx Xxxrican Capital New York Tax Free Income Fund ("New York Tax Free Income Fund") Van Xxxxxx Xxxrican Capital California Tax Free Income Fund ("California Tax Free Income Fund") Van Xxxxxx Xxxrican Capital Michigan Tax Free Income Fund ("Michigan Tax Free Income Fund") Van Xxxxxx Xxxrican Capital Missouri Tax Free Income Fund ("Missouri Tax Free Income Fund") Van Xxxxxx Xxxrican Capital Ohio Tax Free Income Fund ("Ohio Tax Free Income Fund")

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • GoWB means Government of West Bengal

  • Diocese means the Church of England diocese in which the Academies are situated;

  • IMRO means the Irish Music Rights Organisation CLG.

  • B-BBEE means broad-based black economic empowerment as defined in section 1 of the Broad-Based Black Economic Empowerment Act;

  • SMME s means small, medium and micro enterprises in the supply chain management system of the Municipality;

  • TMDL means the total maximum daily load limitation of a parameter, representing the estimated assimilative capacity for a water body before other designated uses are adversely affected. Mathematically, it is the sum of wasteload allocations for point sources, load allocations for non-point and natural background sources, and a margin of safety.

  • EPFO means Employees' Provident Fund Organization

  • STSMA means the Sectional Titles Schemes Management Act 8 of 2011, as amended and include the Regulations issued under the said act;

  • CDDP means "Community Developmental Disabilities Program".

  • Sxxxxxxx-Xxxxx Act means the Sxxxxxxx-Xxxxx Act of 2002, as amended.

  • NI 51-102 means National Instrument 51-102 – Continuous Disclosure Obligations;

  • NI 44-102 means National Instrument 44-102 – Shelf Distributions;

  • Front fog lamp means the lamp used to improve the illumination of the road in case of fog, snowfall, rainstorms or dust clouds;

  • Double check valve assembly means an assembly composed of two single, independently acting, check valves including tightly closing shutoff valves located at each end of the assembly and suitable connections for testing the water tightness of each check valve.

  • EMMA means the Electronic Municipal Market Access system as described in 1934 Act Release No. 59062 and maintained by the MSRB for purposes of the Rule.

  • CC means the Conditions of Contract.

  • ri-pBD means, in relation to any Interest Accrual Period, the applicable Reference Rate as set out in the definition of "r" above for, where "Lag" is specified as the Observation Method in the applicable Final Terms, the Business Day (being a Business Day falling in the relevant Observation Period) falling "p" Business Days prior to the relevant Business Day "i" or, where "Lock-out" or "Observation Shift" is specified as the Observation Method in the applicable Final Terms, the relevant Business Day "i";

  • Kerma or "K" means the quantity defined by the International Commission on Radiation Units and Measurements. The kerma is the quotient of dEtr by dm, where dEtr is the sum of the initial kinetic energies of all charged particles liberated by uncharged particles in a mass dm of materials; thus K=dEtr/dm, in units of J/kg, where the special name for the units of kerma is gray (Gy). When the materials is air, the quantity is referred to as "air kerma."

  • LOCKHEED XXXXXX means LOCKHEED XXXXXX CORPORATION, acting through its companies or business units as identified on the face of this Contract. If a subsidiary or affiliate of LOCKHEED XXXXXX CORPORATION is identified on the face of this Contract, then "LOCKHEED XXXXXX" means that subsidiary or affiliate.