Group 1 Mortgage Loans definition

Group 1 Mortgage Loans. Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.
Sample 1Sample 2Sample 3
Group 1 Mortgage Loans. The Mortgage Loans in Loan Group 1.
Sample 1Sample 2Sample 3
Group 1 Mortgage Loans. The Pool 1 Mortgage Loans contributing to Collateral Group 1.
Sample 1Sample 2Sample 3

Examples of Group 1 Mortgage Loans in a sentence

  • Any servicing contract, including the servicing provisions of the Sale and Servicing Agreement, and any other transactions or services relating to the Group 1 Mortgage Loans involving an entity performing servicing functions on behalf of Xxxxxx Xxx shall be deemed to be between such entity and Xxxxxx Mae alone and the Trustee and Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to any such entity.

  • As compensation for its activities and obligations hereunder with respect to the Group 1 Mortgage Loans, Xxxxxx Xxx shall be entitled to the amounts provided for in the Sale and Servicing Agreement.

  • Xxxxxx Mae shall establish and maintain, as to the Trust, accounting records in which proceeds of the Mortgage Assets and distributions to Certificateholders shall be recorded and in which a record of fully prepaid Group 1 Mortgage Loans and Liquidated Group 1 Mortgage Loans shall be kept.

  • Collateral Protection With respect to the Group 1 Mortgage Loans, BANA shall inspect each Mortgaged Property upon request by the Client and at Client’s expense, and, in addition, as often as BANA deems necessary consistent with the Mortgage Documents and the Applicable Requirements to assure itself that the value of the Mortgaged Property is being preserved as well as may be required by any HECM Policy or any other insurance policy.

  • Moreover, our guaranty will not cover any deficiency in payments on the Group 1 Classes due to the issuance by HUD of a debenture in satisfaction of its insurance obligation with respect to any Group 1 Mortgage Loans.


More Definitions of Group 1 Mortgage Loans

Group 1 Mortgage Loans. The Mortgage Loans identified as such on the portion of the Mortgage Loan Schedule attached hereto as Exhibit B-1.
Sample 1Sample 2
Group 1 Mortgage Loans. The pool of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Group 1 and any Substitute Mortgage Loans delivered in replacement of any Mortgage Loan.
Sample 1Sample 2Sample 3
Group 1 Mortgage Loans means the Mortgage Loans related to the Group 1 Assets. “Group 6 Mortgage Loans” means the Mortgage Loans related to the Group 6 Assets. “Group 8 Mortgage Loans” means the Mortgage Loans related to the Group 8 Assets. “Guaranty Agreement” means the Guaranty Agreement, by and between Nationstar Mortgage LLC, as issuer and Xxxxxx Xxx. “Guaranty Fee” means the monthly guaranty fee that a Xxxxxx Mae issuer is required to pay to Xxxxxx Xxx for each HMBS for which such issuer is the issuer of record. “Home Equity Conversion Mortgage” (or “HECM Loan”) means a reverse mortgage loan under FHA’s Home Equity Conversion Mortgage program administered by the FHA. “HECM Policy” means a mortgage insurance policy administered by the FHA with respect to reverse mortgage loans in accordance with the FHA Regulations and other HUD publications relating to HECM Loans, including, without limitation, related handbooks, circulars, notices and mortgagee letters. “HMBS” means a Xxxxxx Mae security backed by HECM loan participations under the umbrella of the Xxxxxx Xxx XX Custom MBS program.
Sample 1
Group 1 Mortgage Loans including in each case any Mortgage Loans delivered in replacement thereof.
Sample 1
Group 1 Mortgage Loans. The Mortgage Loans on Exhibit A-1.
Sample 1
Group 1 Mortgage Loans. Each Mortgage Loan listed on the Mortgage Loan Schedule attached as Schedule A-1 hereto.
Sample 1
Group 1 Mortgage Loans. The Mortgage Loans in Loan Group 1. Group 1 Principal Distribution Amount: For any Distribution Date, the product of (x) the Senior Principal Distribution Target Amount and (y) a fraction, the numerator of which is the Group 1 Principal Distribution Target Amount and the denominator of which is the sum of the Group 1 Principal Distribution Target Amount and the Group 2 Principal Distribution Target Amount.
Sample 1