Mortgage Loan Absentee Code definition

Mortgage Loan Absentee Code. The mortgage loan absentee code, set forth in Part III of Exhibit F, placed by Custodian on a Certification Report to notify Purchaser that a Submission Package related to a Mortgage Loan listed on a Request for Certification is not in Custodian's possession.

Examples of Mortgage Loan Absentee Code in a sentence

  • A Mortgage Loan Absentee Code N Mortgage Loan Suspension Code Y Mortgage Loan Approval Code IV.

Related to Mortgage Loan Absentee Code

  • Special Serviced Mortgage Loan The Mortgage Loans for which the Special Servicer acts as servicer pursuant to Section 3.19.

  • Subserviced Mortgage Loan Any Mortgage Loan that, at the time of reference thereto, is subject to a Subservicing Agreement.

  • Covered Mortgage Loan Any Mortgage Loan that is covered by a PMI Policy.

  • MERS Eligible Mortgage Loan Any Mortgage Loan that has been designated by the Servicer as recordable in the name of MERS.

  • Serviced Mortgage Loan A Mortgage Loan that is not an Outside Serviced Mortgage Loan.

  • Streamlined Mortgage Loan A Mortgage Loan originated in connection with the refinance of a mortgage loan pursuant to the related Seller’s streamlined documentation program then in effect.

  • Eligible Mortgage Loan means a Mortgage Loan:

  • High Cost Mortgage Loan means a Mortgage Loan classified as (a) a “high cost” loan under the Home Ownership and Equity Protection Act of 1994 or (b) a “high cost,” “threshold,” “covered,” or “predatory” loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law, regulation or ordinance imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees).

  • Nonsubserviced Mortgage Loan Any Mortgage Loan that, at the time of reference thereto, is not subject to a Subservicing Agreement.

  • Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

  • Non-Serviced Mortgage Loan means a Mortgage Loan included in the Trust but serviced under another agreement. There are no Non-Serviced Mortgage Loans in the Trust.

  • Distressed Mortgage Loan Any Mortgage Loan that at the date of determination is Delinquent in payment for a period of 90 days or more without giving effect to any grace period permitted by the related Mortgage Note or for which the applicable Servicer or the Trustee has accepted a deed in lieu of foreclosure.

  • Relief Act Mortgage Loan Any Mortgage Loan as to which the Scheduled Payment thereof has been reduced due to the application of the Relief Act.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Mortgage Loan Remittance Rate With respect to each Mortgage Loan, the annual rate of interest remitted to the Purchaser, which shall be equal to the Mortgage Interest Rate minus the Servicing Fee Rate.

  • High Cost Home Mortgage Loan as defined in the Massachusetts Predatory Home Loan Practices Act effective November 7, 2004 or (iv) a "High-Cost Home Loan" as defined by the Indiana High Cost Home Loan Law effective January 1, 2005.

  • Corrected Mortgage Loan Any Mortgage Loan that had been a Specially Serviced Mortgage Loan but has ceased to be such in accordance with the definition of "Specially Serviced Mortgage Loan" (other than by reason of a Liquidation Event occurring in respect of such Mortgage Loan or a related Mortgaged Property becoming an REO Property).

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • Refinanced Mortgage Loan A Mortgage Loan the proceeds of which were not used to purchase the related Mortgaged Property.

  • Deleted Mortgage Loan A Mortgage Loan replaced or to be replaced by a Qualified Substitute Mortgage Loan.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of February 27, 2006 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") anx X.X. Bank National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the Group II-A Distribution Amount for the Class II-A-7 Certificates required to be distributed to Holders of the Class II-A-7 Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. Distributions in reduction of the Principal Balance of certain Classes of Class A Certificates may not commence on the first Distribution Date specified above. Distributions of principal will be allocated among the Classes of Group II-A Certificates in accordance with the provisions of the Agreement. The pass-through rate on the Class II-A-7 Certificates applicable to each Distribution Date will be 5.500% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class II-A-7 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person is entitled to receive payments by wire transfer in immediately available funds in accordance with the Agreement and such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • Purchased Mortgage Loans means the collective reference to Mortgage Loans together with the Repurchase Assets related to such Mortgage Loans transferred by Seller to Buyer in a Transaction hereunder, listed on the related Mortgage Loan Schedule attached to the related Transaction Request, which such Mortgage Loans the Custodian has been instructed to hold pursuant to the Custodial Agreement.

  • Sevicer Loan Prod Code Rem Occp Code: Appr Value: Note Date: Debt Ratio: City: Stat Zip Purpose: Curr Rate: CLTV: Prin Bal: Maturity Lien Pos: 9150477 180 14 $181,200.00 $45,300.00 677 0391747771 3 178 1 $226,500.00 6/25/2004 40 Mesa AZ 85203 01 9.250 100 $00,000.00 0/00/2019 2 9163479 300 14 $71,920.00 $17,980.00 730 0391745858 2 298 1 $89,900.00 6/25/2004 45 Freeport IL 61032 01 7.130 100 $00,000.00 0/00/2029 2 9143211 180 14 $109,200.00 $27,300.00 668 0391748670 3 178 1 $136,500.00 6/25/2004 44 Fort Myers FL 33912 01 9.000 100 $26,094.24 6/25/2019 2 9158205 180 14 $170,400.00 $31,950.00 667 0391747847 1 178 1 $213,000.00 6/25/2004 33 Chicago IL 60655 01 8.500 95 $00,000.00 0/00/2019 2 9163163 180 09 $264,000.00 $25,000.00 730 0391743796 3 178 1 $330,000.00 6/25/2004 42 Westminster CO 80030 01 6.250 88 $00,000.00 0/00/2019 2 9148857 180 RFC01 $404,000.00 $50,500.00 $373.54 768 0391738564 1 178 1 $505,000.00 6/25/2004 35 MILLINGTON NJ 07946 01 6.630 90 $00,000.00 0/00/2019 2 9131125 300 04 $74,800.00 $41,200.00 780 0391748167 2 298 1 $116,000.00 6/25/2004 30 Hialeah FL 33016 02 7.250 100 $00,000.00 0/00/2029 2 9158461 180 14 $116,000.00 $21,750.00 $160.88 653 0391744992 3 178 1 $145,000.00 6/25/2004 44 WASECA MN 56093 02 8.750 95 $00,000.00 0/00/2019 2 9131401 180 14 $110,800.00 $20,775.00 769 0391748332 3 178 1 $138,500.00 6/25/2004 50 Prescott Valley AZ 86314 01 7.250 95 $00,000.00 0/00/2019 2 9143209 180 09 $314,200.00 $78,550.00 785 0391748464 3 178 1 $392,800.00 6/25/2004 41 Athens GA 30606 01 7.250 100 $00,000.00 0/00/2019 2 9174577 180 14 $324,000.00 $20,000.00 647 0391752326 3 178 1 $405,000.00 6/25/2004 46 Antioch CA 94531 01 8.500 85 $00,000.00 0/00/2019 2 9131423 180 09 $168,000.00 $31,500.00 703 0391746765 3 178 1 $210,000.00 6/25/2004 49 Stockbridge GA 30281 01 7.500 95 $00,000.00 0/00/2019 2 9143069 180 09 $180,000.00 $22,500.00 714 0391750056 3 178 3 $225,000.00 6/25/2004 40 Lawrenceville GA 30043 01 7.000 90 $00,000.00 0/00/2019 2 9131643 180 04 $91,900.00 $11,450.00 761 0391746963 3 178 1 $114,900.00 6/25/2004 25 Atlanta GA 30341 01 6.250 90 $00,000.00 0/00/2019 2 9131447 180 14 $167,350.00 $41,800.00 675 0391749942 3 178 1 $209,209.00 6/25/2004 43 Gainesville GA 30506 01 9.000 100 $00,000.00 0/00/2019 2 9143207 180 09 $112,000.00 $28,000.00 718 0391748415 3 178 1 $140,000.00 6/25/2004 41 Loganville GA 30052 01 8.000 100 $00,000.00 0/00/2019 2 9131453 180 09 $388,000.00 $48,500.00 776 0391748589 3 178 1 $485,000.00 6/25/2004 45 Tampa FL 33626 01 6.750 90 $00,000.00 0/00/2019 2 9131459 180 14 $228,000.00 $57,000.00 754 0391746849 3 178 1 $285,000.00 6/25/2004 39 Miami Shores FL 33150 01 7.250 100 $00,000.00 0/00/2019 2 9175207 180 14 $169,000.00 $30,000.00 649 0391751120 3 178 1 $300,000.00 6/25/2004 37 Phoenix AZ 85007 02 5.750 67 $00,000.00 0/00/2019 2 9194301 180 14 $93,300.00 $23,350.00 678 0391751609 3 178 1 $122,300.00 6/25/2004 40 Hampton GA 30228 01 9.000 96 $00,000.00 0/00/2019 2 9175671 180 09 $117,870.00 $19,880.00 644 0391750577 3 178 1 $145,000.00 6/25/2004 34 Indianapolis IN 46250 02 8.500 95 $00,000.00 0/00/2019 2 Page 165 of 331

  • MERS Mortgage Loan Any Mortgage Loan registered with MERS on the MERS System.