Residential mortgage lender or "lender" means any person, corporation, or other entity which makes or holds a residential mortgage, and any person, corporation or other entity to which such residential mortgage is assigned.
Residential mortgage lender means any person, bank, or savings and loan association that lends money or extends or grants credit and obtains a residential mortgage to assure payment of the debt. The term also includes the holder at any time of a residential mortgage obligation.
Residential mortgage lender or "lender" means any person,
Examples of Residential mortgage lender in a sentence
The Society is a Prime Residential mortgage lender which seeks to build and maintain credit portfolios that support the Society’s purpose and maintains the capital strength to support our differentiated product mix through an economic cycle.Credit risks are inherent across the Society’s lending activities and may arise from changes in credit quality, such as a borrower’s risk profile, and the recoverability of loans and amounts due from counterparties.
More Definitions of Residential mortgage lender
Residential mortgage lender means any person, not exempt
Residential mortgage lender means any person who lends
Residential mortgage lender means any person, including, but not limited to, banks, savings and loan associations, mortgage brokers, credit unions, or savings banks, that lends money or extends or grants credit and obtains a residential mortgage to assure payment of the debt.
Residential mortgage lender means a person who engages in a residential mortgage lending activity as a mortgage broker or mortgage lender, or both.
Residential mortgage lender means a person that, in the ordinary course of business, engages in residential mortgage lending.
Residential mortgage lender means any person, not exempt under section 5 of this act and licensed pursuant to the provisions of this act, and any person who should be licensed pursuant to the provisions of this act, who for compensation or gain, or in the expectation of compensation or gain, either directly or indirectly takes a residential mortgage loan application, or offers, negotiates, originates, or acquires residential mortgage loans in the primary market. The term "residential mortgage lender" also means[: (1)], with respect to a business licensee, a correspondent mortgage lender, unless the provisions of this act clearly indicate otherwise[; and (2) with respect to an individual licensee, an individual who is a qualified individual licensee for a residential mortgage lender].
Residential mortgage lender means the same as “residential