Subprime Loans definition

Subprime Loans means residential mortgage loans, which are Subprime and are offered by ILSI through the Website or through portals, other co-branded sites or call centers.
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Subprime Loans. An Eligible Mortgage Loan consisting of non-conforming "A-" through "C-" quality rated loans, as determined by the Lender, in its sole discretion.
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Examples of Subprime Loans in a sentence

  • MC shall transmit the survey to all borrowers at the time of closing of Subprime Loans.

  • The obligation to purchase any Subprime Loans identified in a Confirmation does not extend to any Loans that would violate any representation and warranty by Seller contained in the LPA.

  • MC shall engage a reputable escrow firm and arrange for escrow services pending closing and sale of Subprime Loans as described below.

  • Subprime Loans closed and funded in MC's name shall be sold by MC to the appropriate Participating Lender or other lender.

  • For all Subprime Loans which will be funded and closed by MC, MC shall disclose to the borrower prior to the borrower's binding commitment for the loan (or at an earlier time, as required by law and in the mutual judgment of ILSI and MC) the name of the servicer to whom the loan will be transferred.

  • ILSI shall offer online debt counseling services to assist all ILSI customers and particularly customers of Subprime Loans.

  • Thus, either or both MC and ILSI may conduct specific processing tasks for Subprime Loans prior to closing and funding; however, the parties agree to work together to ensure that the services provided are not duplicative.

  • Subprime Loans may be transmitted to MC for further processing at any stage of the application process.

  • MC shall coordinate and perform or arrange for the closing of Subprime Loans, and where appropriate, the placement of loan funds in escrow pending closing and/or sale.

  • The first contract year under this Agreement with respect to Subprime Loans shall begin on the Commencement Date and end on the date 12 months following the Commencement Date.