Ownit definition

Ownit or the "Transferor") (the "Transfer Agreement"), the Seller has purchased or received certain mortgage loans identified on the Mortgage Loan Schedule attached hereto as Schedule A (the "Mortgage Loans");
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Ownit. Ownit, and any successor thereto.
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Ownit. Ownit Mortgage Solutions, Inc. and any successor thereto.
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Examples of Ownit in a sentence

  • Wilshire CirclePlaintiff$40,000.0011/29/2016Association, as Trustee for Ownit Mortgage Loan Trust, Mortgage Loan Asset-Backed Certificates, Series 2005-2Brabant, et al.Goshen, OH 45122304413.100.2016-CVE-0542 Plaza Home Mortgage, Inc.

  • This was perhaps surprising, given that Merrill Lynch & Co had purchased a minority stake in Ownit the previous year.

  • Although Ownit was the original party to the financing, Ms. Rosenfield alleges that the loan was subsequently sold or assigned to HSBC.

  • Armstrong aka4204 ChristopherPlaintiff$115,000.004/19/2016Association, as Trustee for Ownit Mortgage Loan Trust, Mortgage Loan Asset-Backed Certificate, Series 2005-5Shawn Armstrong and TracyJ.

  • Ownit, New Century, and Novastar that an unusually high share of their loans were becoming delinquent almost immediately were a cause for alarm.

  • Prospectus Supplements were then filed for each of thirty-three M&T Mortgage Corp.; GreenPoint Mortgage Funding, Inc.; NovaStar; Accredited Home Lenders Inc.; American Home Mortgage Corp.; CTX Mortgage Company, LLC; Flagstar; FSB; Mortgage, Inc.; Ownit Mortgage Solutions; SunTrust Mortgage, Inc.; and Washington Mutual Mortgage Securities Corp.

  • For example, CW30, a senior underwriter at the Atlanta, Georgia, branch of Ownit Mortgage Solutions from 2005-2006, stated that “everyone was riding on totally inflated values” for a year or two.

  • As a consequence of the decline in the real estate market, a number of subprime mortgage originators filed bankruptcy petitions at the end of 2006 and in early 2007, including Ownit Mortgage Solutions, Inc.

  • Ownit Mortgage filed for bankruptcy on January 2, 2007 because it did not have the funds to repurchase subprime mortgages which it was obligated to repurchase.

  • Merrill Lynch acquired Mortgages PLC and Ownit Mortgage Solutions and in 2004 and 2005, respectively.


More Definitions of Ownit

Ownit. Ownit Mortgage Solutions, Inc., a California Corporation, or its successor in interest.
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Related to Ownit

  • B-BBEE means broad-based black economic empowerment as defined in section 1 of the Broad-Based Black Economic Empowerment Act;

  • Mortgage Securities The MBS and the Underlying REMIC Certificates.

  • M2M Flowgate means Flowgates where constraints are jointly monitored and coordinated as defined and set forth in Schedule D to this Agreement.

  • ABS means asset-backed securities.

  • Private Capital means, if the Issuer is Matching Private Investment Supported (as defined in the Definitive Agreement), the equity capital received by the Issuer or the applicable Affiliate of the Issuer from one or more non-governmental investors in accordance with Section 1.3(m) of the Definitive Agreement.

  • CSAM or "Credit Suisse". Please confirm that the foregoing is in accordance with your understanding by indicating your acceptance hereof at the place below indicated, whereupon it shall become a binding agreement between us. Very truly yours, CREDIT SUISSE TRUST By: /s/J. Xxxxx Xxx --------------- Name: J. Xxxxx Xxx Title: Vice President and Secretary Accepted: CREDIT SUISSE ASSET MANAGEMENT, LLC By: /s/Xxxx Xxxxx ------------- Name: Xxxx Xxxxx Title: Deputy General Counsel and Secretary

  • ACE means the instantaneous difference between a Balancing Authority’s net actual and scheduled interchange, taking into account the effects of Frequency Bias and correction for meter error.

  • Falcon has the meaning set forth in the preamble to this Agreement.

  • Asset management means a systematic process of operating and maintaining the state system of

  • Shellac means a clear or opaque coating formulated solely with the resinous secretions of the lac beetle (Laciffer lacca), thinned with alcohol, and formulated to dry by evaporation without a chemical reaction.

  • Abbeyfield Home means an establishment run by the Abbeyfield Society including all bodies corporate or unincorporated which are affiliated to that society;

  • Summer Season in any year, means the Season commencing on 01 April in that year;

  • Commercial motor vehicle means a motor vehicle or combination of motor vehicles used in commerce to transport passengers or property if the motor vehicle:

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Authorized Signatory means such senior personnel of a Person as may be duly authorized and designated in writing by such Person to execute documents, agreements and instruments on behalf of such Person.

  • Provost means the Provost of Widener University.

  • securitisation means a transaction or scheme, whereby the credit risk associated with an exposure or pool of exposures is tranched, having both of the following characteristics:

  • OWRA means the Ontario Water Resources Act, R.S.O. 1990, c. O.40, as amended;

  • AI means an “accredited investor” as described in Rule 501(a)(4) under the Securities Act.

  • BBBEE means broad-based black economic empowerment as defined in section 1 of the Broad-Based Black Economic Empowerment Act;

  • Apartment means a part of the property intended for any type of independent use (whether it be for residential, recreational, storage, or business) including one or more rooms or enclosed spaces located on one or more floors (or parts thereof) in a building or if not in a building in a separately delineated place whether open or enclosed and whether for the storage of an automobile, moorage of a boat, or other lawful use, and with a direct exit to a public street or highway, or to a common area leading to such street or highway;

  • Residential Development means lands, buildings or structures developed or to be developed for residential use;

  • RFT means Request for Tender.

  • CCRE means Cantor Commercial Real Estate Lending, L.P. and its successors in interest.

  • Special mobile equipment means a vehicle not designed for the transportation of persons or

  • Manager-managed limited liability company means a limited liability company that is managed by