Subordinate Mortgage Loans. Only Second Mortgage Loans permitted.
Subordinate Mortgage Loans. Only second mortgage loans permitted. Committed/Uncommitted: Purchase Commitment required. Advance Rate: 100% of the lesser of (i) the Mortgage Note Amount or (ii) the Committed Purchase Price.
Subordinate Mortgage Loans. Only Second Mortgage Loans or Third Mortgage Loans permitted. Committed/Uncommitted: Purchase Commitment required. Advance Rate: 100% of the lesser of (i) the Mortgage Note Amount or (ii) the Committed Purchase Price. Xxxxxxx Mac Direct Purchase Mortgage Loan Definition: Multi-Family Loans sold to Xxxxxxx Mac pursuant to the Xxxxxxx Xxx XXXX.
Examples of Subordinate Mortgage Loans in a sentence
Subordinate Mortgage Loans: (See section III below and page 39 of the A&F plan) Also known as down payment assistance (DPA), loans to assist eligible homebuyers by filling all or part of the gap between the cost to purchase an eligible home and an affordable first mortgage amount plus the buyer’s down payment.
Subordinate Mortgage Loans: Also known as down payment assistance, loans to assist eligible homebuyers by filling all or part of the gap between the cost to purchase an eligible home and an affordable first mortgage amount plus the buyer’s down payment.
As argued by Harold Saunders, former Assistant Secretary of State, “human beings do not negotiate about their identities, fears, suspicions, anger, historic grievances, security, dignity, honor, justice, rejection, or acceptance” (Saunders 1996: 420).
The purpose for which the 2021 Series K-1/2 Bonds are being issued is to provide funds for deposit in the Accounts established pursuant to the General Resolution as set forth in Article IV hereof in order to finance the Long-Term Portions of the 2021 Series K Senior Mortgage Loans, part of the Short-Term Portions of the 2021 Series K Senior Mortgage Loans, and the 2021 Series K Subordinate Mortgage Loans.
Upon receipt by the Trustee of a written direction from an Authorized Officer of the Corporation, the Trustee shall transfer the amount of such proceeds specified in such direction to the Corporation in order to reimburse the Corporation for a portion of the amounts advanced by the Corporation to make 2022 Series F Existing Subordinate Mortgage Loans.
More Definitions of Subordinate Mortgage Loans
Subordinate Mortgage Loans. Second Mortgage Loans and Third Mortgage Loans are permitted, but only if permitted under the Fxxxxxx Xxx XXXX Program.
Subordinate Mortgage Loans. Only second mortgage loans permitted. Committed/Uncommitted: Purchase Commitment required. Advance Rate: 100% of the lesser of (i) the then outstanding Mortgage Note Amount or (ii) the Committed Purchase Price. Xxxxxxx Mac Program Plus Loan Definition: Multi-Family Loans sold to Xxxxxxx Mac pursuant to the Xxxxxxx Mac Program Plus Seller/Servicer program. This definition shall include any permanent Multi-Family Loan on a Multifamily Property originated by the Borrower pursuant to a Xxxxxxx Mac credit facility provided by Xxxxxxx Mac, and in accordance with the Xxxxxxx Mac Program Plus Seller/Servicer program. Provided however, that in connection with any aforementioned permanent Multi-Family Loan on a Multifamily Property originated by the Borrower pursuant to a Xxxxxxx Mac credit facility, in lieu of delivering a bailee letter in the form attached to the Credit Facility Agreement as Exhibit N-3, Borrower shall cause Xxxxxxx Mac’s counsel to deliver to Administrative Agent a bailee letter based on Xxxxxxx Mac’s then form bailee letter, as revised to include the following provision: “Xxxxxxx Mac shall hold the Note and Additional Documents as bailee for the benefit of Administrative Agent until (i) Xxxxxxx Mac purchases the subject Multi-Family Loan, or (ii) Xxxxxxx Mac returns to Administrative Agent, as set forth below, the Note and any Additional Documents delivered by Administrative Agent. Administrative Agent agrees that Administrative Agent’s security interest in the Note and Additional Documents shall terminate and be cancelled without further action upon delivery by Xxxxxxx Mac of the Purchase Price. In the event that Xxxxxxx Mac does not purchase the Multi-Family Loan, Xxxxxxx Mac will execute and deliver to Administrative Agent one or more assignments, in recordable form, of the Security Instruments (as defined in the Master Agreement) securing the Note and will endorse the Note in blank but without recourse (assuming the Note has been endorsed to Xxxxxxx Mac), and sever any applicable loan documents in connection with the Master Agreement as necessary; and Administrative Agent agrees that Xxxxxxx Mac’s status as bailee for Administrative Agent shall terminate and be cancelled without further action upon delivery to Administrative Agent of the Note (endorsed as aforesaid) and Additional Documents, as described in (ii) above, together with such executed assignment of the Security Instruments.
Subordinate Mortgage Loans. Only Second Mortgage Loans or Third Mortgage Loans permitted if permitted under the Xxxxxxx Xxx XXXX. Committed/Uncommitted: Purchase Commitment required. Advance Rate: 100% of the lesser of (i) the Mortgage Note Amount or (ii) the Committed Purchase Price. Exhibit E Authorized Representatives Xxxxxxx X. Xxxxxxxx Xxxxx Mighty Xxxxxx X. Xxxxx III Xxxxxxx X. Xxxxxx Xxxxx X. Xxxxxx Xxxxxxxx Xxxxxxx (Langhoffer) Xxxxxxx Xxxxxx Xxxxxxx Xxxxxxxxxx Xxx Xxxxxxxxx Xxxxxxx Xxxxx Xxxxx Xxxxxx Xxxxxxx Xxxx Xxxxxxxx Xxxxxx Xxxx Xxxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxx Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx Xxxx Xxx Xxx Xxxxxx Xxxxxxxxx Xxxxxxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxx Shonosky Xxxxxx Xxxxx Xxxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxxx Xxxxx Xxxxx XxXxxxx Exhibit F Subsidiaries of Borrower [Intentionally omitted[ Exhibit G Assumed Names None Exhibit H Servicing Portfolio Xxxxxx & Dunlop, Inc. Loan Servicing Portfolio Portfolio Size, Number of Loans As of June 30, 2017 H-1 Product / Investor Loan Count Fannie 2,118 Fannie-Small Loan 312 Xxxxxxx 1,332 Xxxxxx Mae HUD 1,152 A10 Capital 1 Aegon 36 AIG 25 Allstate 7 American Equity 28 American National Insurance 9 American United Life 56 Xxxxxxx 3 Ameritas 58 Assurant Asset Management 6 Athene 61 Berkadia 1 Blue Vista 1 CDT 9 Colfin 1 Continental Casualty Company 1 CorAmerica 7 CUNA/MEMBERS Capital Advisors 53 Everbank 17 Farm Bureau Insurance of Michigan 6 Genworth 35 Great West 3 Guardian Life 1 Xxxxxxxxxx 0 XX Xxxxxx Chase 6 Kansas City Life Insurance Company 73 Life Insurance Company of the Southwest 4 Lincoln National 53 Minnesota Life Ins Co 43 Mutual of Omaha Life Insurance Co 9 National Life Insurance Company 1 Nationwide 47 Ohio National Financial Svcs. 6 Principal Real Estate 2 Protective Life 20 RiverSource 8 Security Mutual Life of New York 1 SG Capital 7 Southern Farm Bureau Life 00 Xxxxx Xxxx 0 Xxx Xxxx xx Xxxxxx 9 Symetra 230 Thrivent Financial for Lutherans 21 Unum 6 Voya 14 W&D Interim Loan Fund 14 Woodmen of the World 12 Combined Total 5,954 Exhibit I
Subordinate Mortgage Loans. Only Second Mortgage Loans or Third Mortgage Loans permitted if permitted under the Xxxxxxx Xxx XXXX. Committed/Uncommitted: Purchase Commitment required. Advance Rate: 100% of the lesser of (i) the Mortgage Note Amount or (ii) the Committed Purchase Price.
Subordinate Mortgage Loans. Second Mortgage Loans and Third Mortgage Loans are permitted.
Subordinate Mortgage Loans. Only Second Mortgage Loans or Third Mortgage Loans permitted if permitted under the Xxxxxxx Xxx XXXX. Committed/Uncommitted: Purchase Commitment required. Advance Rate: 100% of the lesser of (i) the Mortgage Note Amount or (ii) the Committed Purchase Price. Exhibit N-1 Form of Escrow and Bailee Letter Date Attn: XXXXXXXX Closing Agent Phone #: (xxx) xxx-xxxx Fax #: (xxx) xxx-xxxx
Subordinate Mortgage Loans. Only second mortgage loans permitted. Committed/Uncommitted: Purchase Commitment required. Advance Rate: 100% of the lesser of (i) the n outstanding Mortgage Note Amount or (ii) the Committed Purchase Price. Xxxxxxx Mac Program Plus Loan Definition: Multi-Family Loans sold to Xxxxxxx Mac pursuant to the Xxxxxxx Mac Program Plus Seller/Servicer program. This definition shall include any permanent Multi-Family Loan on a Multifamily Property originated by the Borrower pursuant to a Xxxxxxx Mac credit facility provided by Xxxxxxx Mac, and in accordance with the Xxxxxxx Mac Program Plus Seller/Servicer program.