Performing Mortgage Loan definition

Performing Mortgage Loan. Any Mortgage Loan or Serviced Pari Passu Companion Loan that is not a Specially Serviced Mortgage Loan.
Performing Mortgage Loan. The Mortgage Loan when no Special Servicing Loan Event has occurred and is continuing.
Performing Mortgage Loan. Any Mortgage Loan or Serviced Companion Loan that is not a Specially Serviced Mortgage Loan.

Examples of Performing Mortgage Loan in a sentence

  • No doubt she will have to report to Employment Insurance the fact that she has received compensation by virtue of the Board’s Order in this case and it remains to be seen if Employment Insurance claws back the amount paid to her in Sick Leave benefits.

  • If, with respect to any Performing Mortgage Loan, the Special Servicer has any questions for the related Borrower based upon the information delivered to the Special Servicer pursuant to Section 3.12(a) or this Section 4.02(d), the Master Servicer shall, in this regard and without otherwise changing or modifying its duties hereunder, reasonably cooperate with the Special Servicer in assisting the Special Servicer in the Special Servicer’s efforts to contact and solicit information from such Borrower.

  • A refinancing of the Non- Performing Mortgage Loan under Fannie Mae’s In Place Loan execution as described in Part V, Chapter 8: In Place Loans is a Joint Workout under this Chapter.

  • The Master Servicer, with respect to a Mortgaged Property that relates to a Performing Mortgage Loan, and the Special Servicer, with respect to a Mortgaged Property that relates to a Specially Serviced Mortgage Loan or with respect to an REO Property, shall prepare and maintain one CMSA Operating Statement Analysis Report for each Mortgaged Property and REO Property.

  • The elected Officers of the Association shall be a President, a President-Elect, the First Vice President, the Treasurer, the Secretary, and the Immediate Past President shall serve by virtue of his or her position as a President in the immediately preceding calendar year.


More Definitions of Performing Mortgage Loan

Performing Mortgage Loan. Any Corrected Mortgage Loan and any Mortgage Loan as to which a Servicing Transfer Event has never occurred.
Performing Mortgage Loan means, as of any date of determination, any Mortgage Loan as to which no Servicing Transfer Event then exists.
Performing Mortgage Loan means any Mortgage Loan for which any payment of principal or interest (a) is not thirty (30) days or more past due and (b) has not been thirty (30) days or more past due during the immediately preceding twelve (12) month period.
Performing Mortgage Loan means any Corrected Mortgage Loan and any Mortgage Loan as to which a Servicing Transfer Event has never occurred.
Performing Mortgage Loan means any Mortgage Loan that is current or thirty (30) days or less delinquent (MBA method). The rights of Seller to payment in respect of any exercise of Clean Up Call Rights under this Section 6.10 by MSR – EBO or its designee shall survive any transfer of servicing pursuant to Section 6.12.
Performing Mortgage Loan means any Eligible Loan that, as of any date of determination, is 29 days or less delinquent and is not a Sub-Performing Mortgage Loan or a Defaulted Mortgage Loan.
Performing Mortgage Loan. A Mortgage Loan that is not, and is not part of, a Specially Serviced Loan or REO Loan.