GMAC-RFC Client Guide definition
GMAC-RFC Client Guide means the applicable loan purchase guide issued by Lender, as the same may be amended or replaced.
GMAC-RFC Client Guide means the applicable loan purchase guide issued by Lender, as the same may be amended or replaced. "Government Mortgage Loan" means a closed-end First Mortgage Loan that is either HUD/FHA insured (other than a HUD 203(K) Mortgage Loan or a Title I Mortgage Loan) or VA guaranteed. "Guarantor" means, individually and collectively, MortgageIT Holdings, Inc. and any other Person that after the date of this Agreement guarantees all or any portion of Borrower's Obligations. "Guaranty" means a guaranty of all or any portion of Borrower's Obligations, either as originally executed or as it may be amended, restated, renewed or replaced. If more than one Guaranty is executed and delivered to Lender, the term "Guaranty" means each of the Guaranties and all of them. "Hedging Arrangements" means, with respect to any Person, any agreements or other arrangements (including interest rate swap agreements, interest rate cap agreements and forward sale agreements) entered into to protect that Person against changes in interest rates or the market value of assets. "High LTV Mortgage Loan" has the meaning set forth in Exhibit H. "HUD" means the Department of Housing and Urban Development, and any successor agency or other entity. "HUD 203(K) Mortgage Loan" means an FHA-insured closed-end First Mortgage Loan to an individual obligor the proceeds of which will be used for the purpose of rehabilitating and repairing the related single family property, and which satisfies the definition of "rehabilitation loan" in 24 C.F.R. 203.50(a). "Indemnified Liabilities" has the meaning set forth in Section 11.2. "Indemnitees" has the meaning set forth in Section 11.2. "Interest Rate" means, for any Warehousing Advance, the floating rate of interest per annum specified for that Warehousing Advance in Exhibit H. "Interim Statement Date" means the date of (i) with respect to Borrower, Borrower's most recent unaudited financial statements (and, if applicable, Borrower's Subsidiaries, on a consolidated basis), (ii) with respect to Guarantor for each reporting period for each month, Guarantor's most recent unaudited financial statements (and, if applicable, Guarantor's Subsidiaries, on a consolidated basis), and (iii) with respect to Guarantor for each reporting period for each fiscal quarter, Guarantor's most recent unaudited financial statements (and, if applicable, Guarantor's Subsidiaries, on a consolidated and consolidating basis) each as delivered to Lender under the Existing Agreement or t...
Examples of GMAC-RFC Client Guide in a sentence
A First Mortgage Loan or a Second Mortgage Loan that meets either the Credit Gap program eligibility criteria or the AlterNet Loan Program eligibility criteria as set forth in Sections 528 or 530, respectively, of the GMAC-RFC Client Guide.
The GMAC-RFC Client Guide, as amended or replaced, (“Client Guide”) applies to the Loans that are sold to RFC and to the sale of the Loans to RFC.