Other Real Estate Owned and “OREO” mean real estate or loans secured by real estate that are classified or would be classified, under bank regulatory accounting principles, as: “loans to facilitate”; “other real estate owned”; “in-substance foreclosure”; “in-substance repossession”; foreclosed real estate; and real estate acquired for debts previously contracted.
Other Real Estate Owned means any real estate acquired through foreclosure or by a deed in lieu of foreclosure, or any real estate classified as Other Real Estate Owned or Real Estate Owned.
Other Real Estate Owned means the sum of (a) real estate acquired in satisfaction of debts previously contracted and (b) other real estate owned, as set forth on Schedule HC-M of Borrower’s FR Report Y-9C.
Examples of Other Real Estate Owned in a sentence
Within one hundred twenty (120) days of the date of this Agreement, the Bank shall take corrective action to address the concerns outlined in the Matters Requiring Attention (MRAs) relating to the Other Real Estate Owned, Allowance for Loan and Lease Losses, Operations, Internal Audit Program, and Overdraft Management, as cited in the Report of Examination dated as of December 31, 2020.
More Definitions of Other Real Estate Owned
Other Real Estate Owned means the sum of real estate acquired in satisfaction of debts through foreclosure (as determined by reference to the line item “foreclosed assets” under “Selected Financial Data” (Non-performing assets) in the Borrower’s most recent Form 10-Q or 10-K, as applicable).
Other Real Estate Owned. (OREO) means real estate acquired by a credit union in whole or partial satisfaction of a debt owed to a credit union, by means of:
Other Real Estate Owned of a Person means "other real estate owned" as shown in the financial statements of such Person prepared in accordance with GAAP.
Other Real Estate Owned. As defined in accordance with the then-current regulations of the Applicable Bank Regulatory Authority. Payment Date: The first day of each and every calendar month during the term of the Note or the next succeeding Business Day if the first day of any such calendar month is a day other than a Business Day.
Other Real Estate Owned means the aggregate amount set forth as “other real estate owned” in the quarterly reports filed by the Bank with its applicable primary federal regulator, which shall be consistent with the financial information and reports contemplated in Section 6 hereof.
Other Real Estate Owned means Other Real Estate Owned as defined in 12 C.F.R. Section 7.3025 (1989), as such regulation may be amended or supplemented from time to time, determined for the Borrower and its Subsidiaries on a consolidated basis in a manner consistent with that used in preparing the Borrower's December 31, 1995 Consolidated Financial Statements.
Other Real Estate Owned. As defined in accordance with the then-current regulations of the applicable Bank Regulatory Authority.