Mortgage transaction definition

Mortgage transaction means a transaction by the terms of which the repayment of money loaned or payment of real property sold is to be made at a future date or dates.

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Mortgage transaction means a transaction by the terms of which the repayment of

Mortgage transaction means a loan or consumer credit sale that is or will be used by the debtor primarily for personal, family, or household purposes and is secured by a mortgage or other equivalent consensual security interest on a dwelling or residential real estate upon which is constructed or intended to be constructed a dwelling.

Examples of Mortgage transaction in a sentence

Rent payments are $500,000 x 8.00% = $40,000 / 365 days = $109.58 daily rate x 20 days = $2,191.78 total rent due (typically paid at closing as part of the Cherry Creek Mortgage transaction).
As additional consideration, Agent shall pay to Winthrop one hundred twenty-five thousand dollars ($125,000) within five (5) days after the closing of the WMC Mortgage transaction, when and if such closing occurs.
Neither the Seller nor any of the Seller’s affiliates have entered into an agreement, formal or informal, with the Mortgagor during the initial origination process of the Mortgage to refinance the Mortgage at some future date as an inducement for the Mortgagor to enter into the original Mortgage transaction.
Mortgagor hereby represents and warrants that this Mortgage transaction does not involve a consumer loan as said term is defined in Section 3-104 of Title 14A of the Oklahoma Statutes, that this Mortgage does not secure an extension of credit made primarily for agricultural purposes as defined in paragraph 4 of Section 1-301 of Title 14A of the Oklahoma Statutes, and that this Mortgage is not a mortgage on the Mortgagor’s homestead.
Neither the PFI nor any of the PFI’s affiliates have entered into an agreement, formal or informal, with the Mortgagor during the initial origination process of the Mortgage to refinance the Mortgage at some future date as an inducement for the Mortgagor to enter into the original Mortgage transaction.

More Definitions of Mortgage transaction

Mortgage transaction means a transaction in which a first

Mortgage transaction means (a) one or more transactions in existence as of the Effective Date (i) pursuant to which (x) the Borrower and/or a Subsidiary thereof sold for fair consideration all or a portion of the Subject Assets to a SPE, (y) the Borrower and/or its Subsidiaries leased from such SPE the Subject Assets which were sold to such SPE, as contemplated by clause (x) above, and (z) none of the Borrower and its Subsidiaries (other than such SPE) have entered into any Guarantee in respect of any of the obligations of such SPE and (ii) in respect of which the aggregate annual rentals and other payments (exclusive of property taxes, property and liability insurance premiums and maintenance costs) shall not exceed the annual mortgage payments payable by the SPEs to unaffiliated third parties and (b) any Replacement Mortgage Transaction.

Mortgage transaction means a loan or consumer credit sale that is or will be used by the debtor primarily for personal, family, or household purposes and is secured by a mortgage, land contract, or other equivalent consensual security interest on a dwelling or residential real estate.

Mortgage transaction means a loan or consumer credit sale in

Mortgage transaction means a settlement transaction involving a Mortgage from the Current Owner of Record, encumbering the real property which is the subject of the Notice of Settlement, and may include (i) a refinancing of an existing mortgage, (ii) an home equity, (iii) a line of credit, (iv) a construction loan or (v) other financing to be secured by a Mortgage on the real property. A “Mortgage Transaction” herein does not include a Conveyance Transaction as defined herein.

Mortgage transaction means any transaction whereby a lender grants a loan to a borrower who in turn provides a mortgage over real property, where the Affiliate B▇▇▇▇▇ has acted as the mortgage broker for the borrower. Payments will be made to the Affiliate Broker semi- monthly.