DUS Mortgage Loan definition

DUS Mortgage Loan means a loan originated by the Company under ▇▇▇▇▇▇ Mae’s Multifamily Delegated Underwriting and Servicing program (the “DUS Program”), secured by a first lien (or subordinate lien, if the loan qualifies as a ▇▇▇▇▇▇ ▇▇▇ Supplemental Loan under the DUS Program) on real property: (A) which is improved by a completed multi-family residential structure or structures located in the United States or the District of Columbia, (B) which is evidenced by a Mortgage Note dated not more than five (5) days prior to the delivery of possession to the Collateral Agent, (C) as to which the representations and warranties relating to Mortgage Loans set forth in this Agreement are true and correct, and (D) which is subject to and covered by a Commitment.
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Examples of DUS Mortgage Loan in a sentence

  • Borrower represents and warrants to Credit Agent and Lenders that Borrower will have met the ▇▇▇▇▇▇ Mae DUS Program requirements for lender reserves for each ▇▇▇▇▇▇ ▇▇▇ DUS Mortgage Loan to be funded by a Warehousing Advance, at such time as required by ▇▇▇▇▇▇ Mae under the ▇▇▇▇▇▇ ▇▇▇ DUS Program.

  • Borrowers represent and warrant to Credit Agent and Lenders that Borrowers will have met the ▇▇▇▇▇▇ Mae DUS Program requirements for lender reserves for each ▇▇▇▇▇▇ ▇▇▇ DUS Mortgage Loan to be funded by a Warehousing Advance, at such time as required by ▇▇▇▇▇▇ Mae under the ▇▇▇▇▇▇ ▇▇▇ DUS Program.

  • The Borrower represents and warrants to Lender that the Borrower will have met the ▇▇▇▇▇▇ Mae DUS Program requirements for lender reserves for each ▇▇▇▇▇▇ ▇▇▇ DUS Mortgage Loan to be funded by a Warehousing Advance, at such time as required by ▇▇▇▇▇▇ Mae under the ▇▇▇▇▇▇ ▇▇▇ DUS Program.

  • A permanent Mortgage Loan on a Multifamily Property covered by a Purchase Commitment issued by ▇▇▇▇▇▇ Mae (other than a ▇▇▇▇▇▇ ▇▇▇ DUS Mortgage Loan or a Special ▇▇▇▇▇▇ Mae Mortgage Loan), including, without limitation, a Mortgage Loan secured by a mobile/manufactured home park.

  • Borrower represents and warrants to Lender, as of the date of this Agreement and as of the date of each Warehousing Advance Request and the making of each Warehousing Advance, that Dated: 5/23/2003 Amended: 6/11/2004 Borrower has met the F▇▇▇▇▇ Mae DUS Program requirements for lender reserves for each F▇▇▇▇▇ M▇▇ DUS Mortgage Loan to be funded by a Warehousing Advance.

  • The Borrower represents and warrants to Agent and the Lenders, as of the date of this Agreement and as of the date of each Warehousing Advance Request and the making of each Warehousing Advance, that it has met the ▇▇▇▇▇▇ Mae DUS Program requirements for lender reserves for each ▇▇▇▇▇▇ ▇▇▇ DUS Mortgage Loan to be funded by such Warehousing Advance.

  • Each Borrower represents and warrants to Lender, as of the date of this Agreement and as of the date of each Advance Request and the making of each Advance, that such Borrower has met the ▇▇▇▇▇▇ Mae DUS Program requirements for lender reserves for each ▇▇▇▇▇▇ ▇▇▇ DUS Mortgage Loan to be funded by an Advance.

  • A permanent Mortgage Loan on a Multifamily Property covered by a Purchase Commitment issued by F▇▇▇▇▇ Mae (other than a F▇▇▇▇▇ M▇▇ DUS Mortgage Loan or a Special F▇▇▇▇▇ Mae Mortgage Loan), including, without limitation, a Mortgage Loan secured by a mobile/manufactured home park.

  • The Company has met the ▇▇▇▇▇▇ ▇▇▇ DUS Program requirements for lender reserves for each ▇▇▇▇▇▇ Mae DUS Mortgage Loan to be funded by an Advance.

  • Borrower represents and warrants to Lender that Borrower will have met the ▇▇▇▇▇▇ Mae DUS Program requirements for lender reserves for each ▇▇▇▇▇▇ ▇▇▇ DUS Mortgage Loan to be funded by a Warehousing Advance, at such time as required by ▇▇▇▇▇▇ Mae under the ▇▇▇▇▇▇ ▇▇▇ DUS Program.