Examples of Mortgage Loan Tape in a sentence
With respect to escrow deposits and Escrow Payments (other than with respect to each Mortgage Loan which is indicated by the Borrowers to be a Second Lien Mortgage Loan and for which the mortgagee under the First Lien is collecting Escrow Payments (as reflected on the Mortgage Loan Tape), all such payments are in the possession of, or under the control of, the Borrowers and there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been made.
Ambac relied on the data in the Mortgage Loan Tape to model the risk associated with the Transaction and to decide whether to issue the Policy on the Transaction.
Ambac reasonably relied to its detriment on First Franklin and MLPF&S's false and misleading pre-contractual representations and material omissions - contained in, among other things, the Mortgage Loan Tape, Offering Documents, the May Investor Book and December Investor Book, the Wholesale Guidelines and Guideline Revisions, and the Due Diligence Report.
In effect, the Mortgage Loan Tape purports to cull out and present the key attributes of the Mortgage Loans from the tens of thousands of pages of the underlying loan files that were created in connection with the origination of the Mortgage Loans (e.g., loan applications, appraisals, credit reports, and income and asset verifications).
The information set forth in the Mortgage Loan Tape with respect to the Warehouse Loans is complete, true and correct in all material respects as of the date specified in the Mortgage Loan Tape.