HLTV Loan definition

HLTV Loan means any Mortgage Loan with a Loan-to-Value Ratio of 100% or more at the time of its origination.

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HLTV Loan. Any Conventional Mortgage Loan with a Combined Loan-to-Value Ratio in excess of 100%, as of the Cut-off Date and as indicated on the HLTV Loan Schedule.

HLTV Loan means any Eligible Conventional HI/DC Qualifying Loan which (i) is secured by a Mortgage and (ii) had a loan-to-value ratio at origination of one hundred percent (100%) or more using the Borrower's market value determination of the premises securing such Eligible Conventional HI/DC Qualifying Loan as described in clause (iii)(12) of the definition of "Basic Eligibility Requirements".

Examples of HLTV Loan in a sentence

Thereafter, upon the liquidation of each HLTV Loan, an amount equal to the related HLTV Account Allocation will be transferred on each Distribution Date to the Distribution Account as a portion of Available Funds for the related Loan Group.
The Master Servicer shall not be required to cause to be maintained flood insurance for any HLTV Loan secured by a lien other than a first priority lien that was originated by an Unaffiliated Originator which, by virtue of its license requirements, was not required to obtain flood insurance.
With respect to any HLTV Loan originated by an Unaffiliated Originator, the Master Servicer shall not be required to cause to be maintained a hazard insurance policy for any HLTV Loan which is secured by a lien other than a first priority lien.

More Definitions of HLTV Loan

HLTV Loan means a Residential Mortgage Loan that meets all the requirements for a Nonconforming Mortgage Loan except that it has an original principal balance greater than 95% of the appraised value of the real estate and the improvements securing such Mortgage Loan and such Mortgage Loan must meet all requirements for sale to an Approved Investor pursuant to a commitment specifically covering such Mortgage Loan.

HLTV Loan means a Single-family Loan whose Cumulative Loan-to-value Ratio exceeds one hundred percent (100%), but does not exceed one hundred twenty-five percent (125%), and that is not eligible for purchase by ▇▇▇▇▇▇ Mae, ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac under one of its Prime Loan purchase programs.

HLTV Loan. First Mortgage Loan" and "Second Mortgage Loan." The term "Mortgage Loan" includes any Mortgage Loan which is Delinquent, which relates to a foreclosure or which relates to a Mortgaged Property that is REO Property prior to such Mortgaged Property's disposition by the Trust and any Mortgage Loan the related Mortgagor of which is in bankruptcy. Any mortgage loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Sponsor, in fact was not transferred and assigned to the Trust for any reason whatsoever shall nevertheless be considered a "Mortgage Loan" for all purposes of this Agreement.

HLTV Loan means a First Mortgage Loan or a Second Mortgage Loan with loan-to-value or collateral loan-to-value greater than 100% but less then 125%, and which loans are subject to a takeout commitment from GMAC Residential Funding Corp."

HLTV Loan means a Residential Mortgage Loan (which may be a Qualified Second Loan) that meets all the requirements for a Nonconforming Mortgage Loan except that it has an original principal balance (or, in the case of a Qualified Second Loan, the sum of such original principal balance plus the principal balance, as of the origination of such Qualified Second Loan, of the related first priority Residential Mortgage Loan) which is greater than 95% of the appraised value of the real estate and the improvements securing such Mortgage Loan, in which case such Mortgage Loan must meet all requirements for sale to an Approved Investor pursuant to a commitment specifically covering such Mortgage Loan.