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.
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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.
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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.
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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.

Related to ELTV

  • CLTV As of any date and as to any Second Lien Loan, the ratio, expressed as a percentage, of the (a) sum of (i) the outstanding principal balance of the Second Lien Loan and (ii) the outstanding principal balance as of such date of any mortgage loan or mortgage loans that are senior or equal in priority to the Second Lien Loan and which are secured by the same Mortgaged Property to (b) the Appraised Value as determined pursuant to the Underwriting Guidelines of the related Mortgaged Property as of the origination of the Second Lien Loan.

  • LTV means with respect to any Mortgage Loan, the ratio of the original outstanding principal amount of the Mortgage Loan to the lesser of (a) the Appraised Value of the Mortgaged Property at origination or (b) if the Mortgaged Property was purchased within 12 months of the origination of the Mortgage Loan, the purchase price of the Mortgaged Property.

  • DOC means a document of compliance issued to an Operator in accordance with rule 13 of the ISM Code;

  • UPB means, for a Reference Obligation, the unpaid principal balance as of any date of determination.

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.