Examples of Subprime Mortgage Loan in a sentence

The Mortgage Loan is a Conventional Conforming Mortgage Loan, Government Mortgage Loan, Jumbo Mortgage Loan, Super Jumbo Mortgage Loan, Expanded Criteria Mortgage Loan, Subprime Mortgage Loan, Closed-End Second Lien Mortgage Loan, HELOC Mortgage Loan or Nonperforming/Subperforming Mortgage Loan, as applicable.
Prepayment penalties will be waived in connection with any payoff or refinancing (even if refinanced by a person not Affiliated with CFC) of a Qualifying Mortgage that is a Subprime Mortgage Loan or Pay Option ARM that (i) had a first payment due date between January 1, 2004 and December 31, 2007, (ii) was directly or indirectly held by CFC on June 30, 2008, and (iii) which at the time of the payoff or refinancing is held by CFC or any Affiliate.
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Direct Exposure Through Investments in Subprime Mortgage Loan Not applicable.
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More Definitions of Subprime Mortgage Loan

Subprime Mortgage Loan. A Qualifying Mortgage which is rated "B", or "C" grade by the applicable Investor and, in any event, a loan that (i) does not conform with Fannie Mae or FHLMC underwriting standards and (ii) has a FICO score xxxxxng from 580 to 619. Subsidiary: Any corporation of which at least 50% of the voting stock is owned by the Company directly, or indirectly through one or more Subsidiaries. If the Company has no Subsidiaries, the provisions of this Agreement relating to Subsidiaries shall be inapplicable, without affecting the applicability of such provisions to the Company alone.

Subprime Mortgage Loan means a Mortgage Loan that, as of the date it is made, is not then eligible or, based upon the standards of eligibility in effect as of the Effective Date, would not have been eligible as of the Effective Date for sale to, , securitization with or insurance or guaranty by an Agency, FHA or VA by virtue of, among other reasons, the failure of the borrower to satisfy the applicable underwriting criteria.

Subprime Mortgage Loan means a Mortgage Loan with respect to which each of the following is accurate and complete:

Subprime Mortgage Loan. A first lien mortgage loan underwritten in accordance with Borrower's underwriting guidelines for subprime mortgage loans, as same have been approved by Lender.

Subprime Mortgage Loan means a Single-family Mortgage Loan that (a) is, in the reasonable judgment of the Lender, consistent in all respects with traditional standards imposed by whole loan purchasers, relevant rating agencies and pool insurers for classification as "B" or "C" or "D" Mortgage Loans; (b) has a maximum loan amount that does not exceed $350,000.00; (c) is secured by a First Mortgage or Second Mortgage; and (d) has a loan-to-collateral value ratio not greater than 100%.

Subprime Mortgage Loan means a Single-family Mortgage Loan that (a) is, in the reasonable judgment of the Lender, consistent in all respects with traditional standards imposed by whole loan purchasers, relevant rating agencies and pool insurers for classification as "A" to "D" Mortgage Loans, (b) has a maximum loan amount that does not exceed Three Hundred Fifty Thousand Dollars ($350,000.00), (c) is secured by a First Mortgage, and (d) has a combined loan-to-collateral value ratio not greater than 100% (ratio to be based upon all loans secured by the Mortgaged Property).

Subprime Mortgage Loan means a Mortgage Loan originated in accordance with the Underwriting Guidelines for subprime Mortgage Loans with a principal balance of not more than $650,000 and with a Mortgagor with a credit grade of not lower than "B".