recapture rate definition
recapture rate means, during each month, the ratio of (i) the aggregate unpaid principal balance of all recaptured mortgage loans, to (ii) the aggregate unpaid principal balance of all mortgage loans for which the Company held the MSRs and that were refinanced or otherwise paid off in such month. The Company has agreed to allocate sufficient resources to target a recapture rate of at least 15%.
recapture rate means, during each month, the ratio of (i) the aggregate unpaid principal balance of all recaptured loans, to
recapture rate means, during each month, the ratio of (i) (A) the aggregate unpaid principal balance of all Refinance Mortgage Loans originated in such month, plus the aggregate unpaid principal balance of all Preserved Mortgage Loans relating to CES Loans originated in such month, to (ii) (A) the aggregate unpaid principal balance of all Mortgage Loans from the Portfolio that the Servicer has determined in good faith were refinanced in such month, plus (B) the aggregate unpaid principal balance of all Preserved Mortgage Loans relating to CES Loans originated in such month.
More Definitions of recapture rate
recapture rate means, during each month, the ratio of (i) the aggregate unpaid principal balance of all New Mortgage Loans originated in such month, to (ii) the aggregate unpaid principal balance of all Mortgage Loans from the Portfolio that were refinanced or otherwise paid off in such month.
recapture rate means, during each month, the ratio of (i) the aggregate unpaid principal balance ("UPB") of all recaptured loans, to (ii) the aggregate UPB of all mortgage loans for which the Company held the MSRs and that were refinanced or otherwise paid off in such month. PFSI has further agreed to allocate sufficient resources to target a recapture rate of at least 15%.
recapture rate means the actual tax rate from the reappraisal year minus the amount by which the reappraisal year certified tax rate was overstated due to an excessive appeals allowance.
recapture rate means an amount equal to (i) 50% for any fiscal year where the Total Leverage Ratio is equal to or greater than 3.25:1.00, (ii) 25% for any fiscal year where the Total Leverage Ratio is less than 3.25:1.00 and greater than or equal to 2.75:1.00, and (iii) 0% for any fiscal year when the Total Leverage Ratio is less than 2.75:1.00.