Examples of Group I Mortgage Loan in a sentence
Such notice shall be delivered within thirty Business Days following such modification and shall include information with respect to the modification, including, without limitation, the interest rate, the principal balance and the maturity date of such Group I Mortgage Loan before and after such modification.
The Master Servicer shall submit to the Guarantor with its request for consent, such information related to the proposed modification as can be expected to be needed by the Guarantor to evaluate the Master Servicer's request, including the terms of the proposed modification and the reasons for the Master Servicer's decision that such Group I Mortgage Loan should be modified.
The methodology used in underwriting the extension of credit for each Group I Mortgage Loan does not rely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such extension of credit.
If any of the Group I Mortgage Loans becomes subject to the Relief Act, the Master Servicer shall, with respect to such Group I Mortgage Loan, complete Xxxxxx Xxx Special Information Worksheet (for Military Indulgence) substantially in the form set forth on Exhibit G-1 hereto and shall require the related Mortgagor to complete Xxxxxx Mae Form 180 Request For Military Indulgence substantially in the form set forth as Exhibit G-2 hereto.
The methodology used in underwriting the extension of credit for each Group I Mortgage Loan employs objective mathematical principles which relate the borrower’s income, assets and liabilities to the proposed payment and such underwriting methodology does not rely solely on the extent of the borrower’s equity in the collateral as the principal determining factor in approving such credit extension.