Mortgage Banking Activities definition

Mortgage Banking Activities means (a) the origination of mortgage loans in respect of commercial and multi-family residential real property, and the sale or assignment of such mortgage loans and the related mortgages to another person (other than the U.S. Borrower or any Subsidiary) within 120 days after the origination thereof (or thereafter, so long as the purchaser thereof is a quasi-federal governmental agency or enterprise or government-sponsored entity that shall have confirmed in writing its obligation to purchase such loans prior to such 120th day), provided, however, that in each case prior to origination of any mortgage loan, the U.S. Borrower or a Mortgage Banking Subsidiary, as the case may be, shall have entered into a legally binding and enforceable agreement with respect to such mortgage loan with a person that purchases such loans in the ordinary course of business, (b) the origination of FHA Loans and (c) servicing activities related to the activities described in clauses (a) and (b) above.
Mortgage Banking Activities means the origination by a Mortgage Banking Subsidiary of mortgage loans in respect of commercial and multi-family residential real property, and the sale or assignment of such mortgage loans and the related mortgages to another person (other than the Borrower or any other Subsidiary) within sixty days after the origination thereof; provided, however, that in each case prior to origination of any mortgage loan, the Borrower or a Mortgage Banking Subsidiary, as the case may be, shall have entered into a legally binding and enforceable purchase and sale agreement with respect to such mortgage loan with a person that purchases such loans in the ordinary course of business.
Mortgage Banking Activities means the origination by a Mortgage Banking Subsidiary of mortgage loans in respect of commercial and multifamily residential real property, and the sale or assignment of such mortgage loans and the related mortgages to another person (other than the Company or any of its Subsidiaries) within sixty days after the origination thereof; PROVIDED, HOWEVER, that in each case prior to origination of any mortgage loan, the Company, CB Richard or a Mortgage Banking Subsidiary, as the case may bx, xxxxx xave entered into a legally binding and enforceable purchase and sale agreement with respect to such mortgage loan with a person that purchases such loans in the ordinary course of business.

Examples of Mortgage Banking Activities in a sentence

  • Disaggregated Data on the Allowance for Mortgage Banking Activities (to be completedLoan and Lease LossesRI-9 only by selected banks) RC-42 Part II.

  • RI-9Schedule RC-O—Other Data for Deposit Insurance Assessments RC-36, 37, 38, 39, 40, 41Schedule RC-P—1–4 Family Residential Mortgage Banking Activities (to be completedPart II.

  • RC-19, 20Schedule RC-P—Closed-End 1–4 Family Residential Mortgage Banking Activities in Domestic Offices (to becompleted only by selected banks) RC-20a Schedule RC-Q—Financial Assets and Liabilities Measured at Fair Value (to becompleted only by selected banks) RC-20b Schedule RC-R—Regulatory Capital RC-21, 22,23, 24Schedule RC-S—Servicing, Securitization,and Asset Sale Activities ..........................

  • Separate models were completed for gold and antimony from which a gold equivalent estimate was also completed.

  • RC-31, 32, 33 Schedule RC-P—1–4 Family Residential Mortgage Banking Activities in Domestic Offices (to be completed only by selected banks) ..................................................................


More Definitions of Mortgage Banking Activities

Mortgage Banking Activities means the origination by a Mortgage Banking Subsidiary of mortgage loans in respect of commercial and multi-family residential real property, and the sale or assignment of such mortgage loans and the related mortgages to another person (other than the Borrower or any other Subsidiary) within sixty days after the origination thereof; PROVIDED, HOWEVER, that in each case prior to origination of any mortgage loan, the Borrower or a Mortgage Banking Subsidiary, as the case may be, shall have entered into a legally binding and enforceable purchase and sale agreement with respect to such mortgage loan with a person that purchases such loans in the ordinary course of business.
Mortgage Banking Activities means the origination, purchase, receipt of interest, servicing and sale of mortgages or pools of mortgages on homes in Puerto Rico and the purchase and sale of interests in pools of mortgages but shall not include the receipt of the interest on investment securities. Until you have been given notice to the contrary, all activities of DMC shall be deemed to be Mortgage Banking Activities, and all expenses of DMC (including all taxes) shall be deemed to be related to its Mortgage Banking Activities.
Mortgage Banking Activities and Footnote 22 “Segment Information” of Part II Item 8Financial Statements and Supplementary Data.” Employees As of December 31, 2010, Republic had 744 full-time equivalent employees. Altogether, Republic had 722 full-time and 44 part-time employees. None of the Company’s employees are subject to a collective bargaining agreement, and Republic has never experienced a work stoppage. The Company believes that its employee relations have been and continue to be good.
Mortgage Banking Activities means (a) the origination of mortgage loans in respect of commercial and multi-family residential real property, and the sale or assignment of such mortgage loans and the related mortgages to another person (other than the Borrower or any Subsidiary) within 120 days after the origination thereof (or thereafter, so long as the purchaser thereof is a quasi-federal governmental agency or enterprise or government-sponsored entity that shall have confirmed in writing its obligation to purchase such loans prior to such 120th day), provided, however, that in each case prior to origination of any mortgage loan, the Borrower or a Mortgage Banking Subsidiary, as the case may be, shall have entered into a legally binding and enforceable agreement with respect to such mortgage loan with a person that purchases such loans in the ordinary course of business, (b) the origination of FHA Loans and (c) servicing activities related to the activities described in clauses (a) and (b) above.
Mortgage Banking Activities means the origination by a Mortgage Banking Subsidiary of mortgage loans in respect of commercial and multi-family residential real property, and the sale or assignment of such mortgage loans and the related mortgages to another person (other than the U.S. Borrower or any Subsidiary) within 120 days after the origination thereof (or thereafter, so long as the purchaser thereof is a quasi-federal governmental entity that shall have confirmed in writing its obligation to purchase such loans prior to such 120th day); provided, however, that in each case prior to origination of any mortgage loan, the U.S. Borrower or a Mortgage Banking Subsidiary, as the case may be, shall have entered into a legally binding and enforceable agreement with respect to such mortgage loan with a person that purchases such loans in the ordinary course of business.
Mortgage Banking Activities means the origination by a Mortgage Banking Subsidiary of mortgage loans in respect of commercial and multi-family residential real property, and the sale (including secondary sales by other Mortgage Banking Subsidiaries), put or assignment of such mortgage loans and the related mortgages to another Person (other than the Company or another of its Subsidiaries which is not a Mortgage Banking Subsidiary) within 60 days after the origination thereof; PROVIDED, HOWEVER, that in each case prior to origination of any mortgage loan, the Company or a Mortgage Banking Subsidiary, as the case may be, shall have entered into a legally binding and enforceable purchase and sale agreement with respect to such mortgage loan with a Person that purchases such loans in the ordinary course of its business.
Mortgage Banking Activities means the origination by a Mortgage Banking Subsidiary of mortgage loans in respect of commercial and multi-family residential real property, and the sale (including secondary sales by other Mortgage Banking Subsidiaries), put or assignment of such mortgage loans and the related mortgages to another Person (other than the Company or another of its Subsidiaries which is not a Mortgage Banking Subsidiary) within 60 days after the origination thereof; PROVIDED, HOWEVER, that in each case prior to origination of any mortgage loan, the Company or a Mortgage Banking Subsidiary, as the case may be, shall have entered into a legally binding and enforceable purchase and sale agreement with respect to such mortgage loan with a Person that purchases such loans in the ordinary course of its business.