Jumbo Mortgage Loans definition

Jumbo Mortgage Loans means an Eligible Asset which meets all criteria of Fannie Mae or Freddie Mac except that the outstanding principax xxxxnce therxxx xx origination was in excess of Fannie Mae or Freddie Mac's guidelines which is secured by a fxxxx xien on the relxxxx Mortgaged Property.

Jumbo Mortgage Loans means residential mortgage loans with an original principal balance in excess of the maximum amount permitted by the Agency underwriting guidelines.

Jumbo Mortgage Loans means a Mortgage Loan that would otherwise be a Conforming Mortgage Loan but for the fact that the loan amount exceeds the maximum loan balance limits set by Xxxxxx Xxx and Xxxxxxx Mac, as then in effect.

Examples of Jumbo Mortgage Loans in a sentence

• Solely with respect to Jumbo Mortgage Loans and to the best of Seller’s knowledge, the Mortgaged Property is not being used for business purposes, as defined in the Federal Truth-in-Lending Act of 1968, as amended, and Regulation Z thereunder.

• All purchases of Mortgage Loans hereunder, including with respect to Prime Jumbo Mortgage Loans and Non-QM Mortgage Loans, shall be first deemed committed up to the Committed Amount and then the remainder, if any, shall be deemed uncommitted up to the Uncommitted Amount.

• If the Buyer (or the Agent on behalf of the Buyer) determines, in its sole discretion, that a proposed amendment or modification to the Underwriting Guidelines with respect to Prime Jumbo Mortgage Loans or Non-QM Mortgage Loans is material, the Buyer shall have no obligation to enter into any Transactions with respect to any Mortgage Loans acquired pursuant to the such modified or amended Underwriting Guidelines.

• The Buyer shall have the obligation, subject to the terms and conditions of the Repurchase Documents, to enter into Transactions up to the Committed Amount solely with respect to Agency Mortgage Loans, and shall have no obligation to enter into Transactions with respect to the Uncommitted Amount or with respect to Prime Jumbo Mortgage Loans or Non-QM Mortgage Loans, which Transactions shall be entered into in the sole discretion of Buyer.

• Seller has entered into Interest Rate Protection Agreements with respect to the Alt A Mortgage Loans, Jumbo Mortgage Loans and Conforming Mortgage Loans, having terms with respect to protection against fluctuations in interest rates acceptable to Buyer in its sole discretion.

More Definitions of Jumbo Mortgage Loans

Jumbo Mortgage Loans means each Mortgage Loan with a principal balance as of origination of more than $275,000.

Jumbo Mortgage Loans shall refer to any Mortgage Loan in excess of $500,000 and otherwise so designated by Seller and acceptable to Buyer, in its sole discretion, and which except with respect to the original principal balance thereof, have been underwritten in accordance with the standards of the Seller.

Jumbo Mortgage Loans means, collectively, Jumbo(500) Mortgage Loans, Jumbo(750) Mortgage Loans and Super Jumbo Mortgage Loans.

Jumbo Mortgage Loans means each Mortgage Loan with a principal -------------------- balance as of origination of more than $275,000.

Jumbo Mortgage Loans means an A quality Mortgage Loan, as determined pursuant to the Underwriting Guidelines, which is not eligible for sale to an Agency.

Jumbo Mortgage Loans shall refer to any Mortgage Loans so designated by HMC and acceptable to Buyer, in its sole discretion, and which (i) have been underwritten generally in accordance with Agency standards and (ii) would be considered to be of not less than A- quality according to current industry standards.

Jumbo Mortgage Loans. A mortgage loan with an original unpaid principal balance of Mortgage Loan is $300,700 or greater.