ELTV definition
ELTV. With respect to any Mortgage Loan which falls under ▇▇▇▇▇▇▇ ▇▇▇▇▇ Credit Corporation (MLCC) Additional Collateral program, ELTV represents the Loan Balance less Pledge Amount divided by the lesser of Purchase Price or Appraised Value of the Property.
ELTV. With respect to any Mortgage Loan which falls under Merrill Lynch Credit Corporation (MLCC) Additional Collateral progra▇, ▇▇▇▇ ▇▇▇▇▇sents the Loan Balance less Pledge Amount divided by the lesser of Purchase Price or Appraised Value of the Property.
ELTV means, with respect to each Reference Obligation, a ratio expressed as a percentage, obtained by dividing (a) the unpaid principal balance of the Reference Obligation as of the Cut-off Date by (b) the estimated value of the related mortgaged property as of the Cut-off Date obtained either through AVM or, if no property value is available through AVM, the mark-to-market property value generated using Fannie Mae’s Home Price Index.
Examples of ELTV in a sentence
Zip Occupancy Property Original Closing Loan To ELTV / LTV at Type Term to Date Value at Origination Maturity Origination -------------------------------------------------------------------------------------------------------------------------------------- 35223 O/O SFD 360 9/1/2006 79.66 79.66 28411 O/O PUDAT 360 5/11/2007 73.20 73.2 33618 O/O SFD 360 5/18/2007 80.00 80.