EPD Loan definition

EPD Loan means a mortgage loan as to which the mortgagor has not timely made the first three monthly payments following the origination date of such mortgage loan, irrespective of any applicable grace period.
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EPD Loan. A Mortgage Loan, which is identified on Schedule B hereof, that the Transferor is required to repurchase due to an Early Payment Default (as defined in the related Transfer Agreement) pursuant to Section 20 of the applicable Transferor Letter Agreement.
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EPD Loan means a Loan for which the first, second or third Monthly Payment has been delinquent during the first three months after origination of such Loan.
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Examples of EPD Loan in a sentence

  • The purchase price paid for an EPD Loan by the Transferor pursuant to the terms of the Transfer Agreement.

  • The Seller will also pay the Purchaser an early payment default administrative fee of $1,500 per EPD Loan, but the transfer of the related Servicing Rights to Purchaser shall not be rescinded.

  • In fact, despite repeated representations to HUD that it would conduct EPD Loan reviews as part of its quality control program, Residential Home quality control personnel undertook no steps to identify and review any EPD Loans, much less all EPD Loans.

  • Section 7.07 Intention of the Parties Section 7.08 Successors and Assigns; Assignment of this Agreement Section 7.09 Survival Schedule I Mortgage Loan Schedule Schedule II EPD Loan List MORTGAGE LOAN PURCHASE AGREEMENT, dated as of March 23, 2007, (the “Agreement”), between CREDIT-BASED ASSET SERVICING AND SECURITIZATION LLC (“C-BASS” or the “Seller”) and CITIGROUP MORTGAGE LOAN TRUST INC.

  • A DEL underwriter must review each EPD Loan for compliance with HUD underwriting requirements.

  • The purchase price paid for an EPD Loan by the Transferor pursuant to the terms of the Transfer Agreements plus any related amounts, if any, paid by the Seller pursuant to Section 1.04(d) of the Mortgage Loan Sale Agreement.

  • Early Payment Default Protection.In the event that any Mortgage Loan becomes an EPD Loan, Seller shall reimburse Purchaser in an amount equal to the original Purchase Price.


More Definitions of EPD Loan

EPD Loan. As defined in Section 2.03(e) hereof.
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EPD Loan. A Mortgage Loan that the Transferor is required to repurchase due to an Early Payment Default (as defined in the Transfer Agreement) pursuant to Section 8 of the Transferor Letter Agreement.
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Related to EPD Loan

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • ARD Loan Any Mortgage Loan that is identified on the Mortgage Loan Schedule as having an Anticipated Repayment Date and Revised Rate.

  • PPP Loan means the loan made to the Company by the PPP Lender pursuant to the PPP Loan Agreement, for the principal amount of $905,207.00, pursuant to the requirements of the Paycheck Protection Program under the CARES Act.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Fraud Loan A Liquidated Mortgage Loan as to which a Fraud Loss has occurred.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Interfund loan means a loan of cash from one fund to another, subject to future repayment.

  • Revolving Advance has the meaning given in Section 2.1.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Revolving Loan Note means a promissory note in the form of Exhibit 2.5-1, as it may be amended, supplemented or otherwise modified from time to time.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.