Loss Severity definition

Loss Severity means, with respect to any Determination Date, the fraction, expressed as a percentage, the numerator of which is the aggregate of Losses incurred during the related Due Period and the denominator of which is the Unpaid Principal Balance (determined in each case immediately prior to liquidation) of the Mortgage Loans with respect to which such Losses were incurred.
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Examples of Loss Severity in a sentence

  • No Mortgage Loan is a “high cost” or “covered” loan, as defined by any applicable federal, state or local predatory or abusive lending law, and no Mortgage Loan has a percentage listed under the Indicative Loss Severity Column (the column that appears in the Standard & Poor's Anti-Predatory Lending Law Update Table, included in the then-current Standard & Poor's LEVELS® Glossary of Terms on Appendix E).

  • Each Loss Severity Report shall include detail of all losses reported by a Servicer or the Master Servicer as Realized Losses, except those for which a Servicer or the Master Servicer has not provided detail adequate for reporting purposes.

  • No Mortgage Loan is a “high cost” or “covered” loan, as defined by any applicable federal, state or local predatory or abusive lending law, and no Mortgage Loan has a percentage listed under the Indicative Loss Severity Column (the column that appears in the Standard & Poor’s Anti-Predatory Lending Law Update Table, included in the then-current Standard & Poor’s LEVELS® Glossary of Terms on Appendix E).

  • Each Loss Severity Report shall include detail of all losses reported by the Servicer or the Master Servicer as Realized Losses, except those for which the Servicer or the Master Servicer has not provided detail adequate for reporting purposes.

  • Each Loss Severity Report shall include detail of all losses reported by the Servicer as Realized Losses, except those for which the Servicer has not provided detail adequate for reporting purposes.

  • At the time of origination, no Mortgage Loan was subject to any federal, state or local law or regulation and has characteristics which would result in a percentage being listed for such Mortgage Loan under the Indicative Loss Severity Column as reflected in the then-current version of S&P’s Anti-Predatory Lending Law Update Table (included as Appendix E of the U.S. Residential Mortgage Input File Format, Glossary, And Appendices To The Glossary For LEVELS).

  • Each Loss Severity Report shall include detail of all losses reported by a Servicer as Realized Losses, except those for which a Servicer has not provided detail adequate for reporting purposes.

  • Each Loss Severity Report shall include detail of all losses reported by the Servicer, as Realized Losses, except those for which the Servicer has not provided detail adequate for reporting purposes.

  • No HELOC has a percentage listed under the Indicative Loss Severity Column (the column that appears in the then-current Standard & Poor’s LEVELS® Glossary of Terms on Appendix E).

  • No Mortgage Loan is a “high cost” or “covered” loan, as defined by any applicable federal, state or local predatory or abusive lending law, and no Mortgage Loan has a percentage listed under the Indicative Loss Severity Column (the column that appears in the Standard & Poor's Anti- Predatory Lending Law Update Table, included in the then-current Standard & Poor's LEVELS® Glossary of Terms on Appendix E).