CENDANT LOANS definition

CENDANT LOANS. Those Mortgage Loans subject to this Agreement which were purchased by the Seller from Cendant and Bishop's Gate pursuxxx xx xhe Cendant Servicing Agreement.
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CENDANT LOANS means shall mean any of the types of Mortgage Loans listed on Schedule 1 hereto, as the same may be amended from time to time by written agreement between MLCC and Cendant, and offered to Borrowers under either the Correspondent Lending Program or the Mortgage Broker Program. Cendant Loans shall also include any of the foregoing Mortgage Loans that are supported by a Mortgage 100sm Loan or a Parent Power Mortgage Loan. “Correspondent Lender” means a Person in the business of originating, making and selling first lien residential mortgage loans secured by a mortgage on one-to-four family dwellings. “Correspondent Lending Guide” means the “Xxxxxxx Xxxxx Credit Corporation Seller Guide”, a copy of which has been provided to Cendant, which sets forth the terms and conditions applicable to the sale of Cendant Loans pursuant to either the Correspondent Lending Program or the Mortgage Broker Program, and which is amended from time to time by MLCC. “Correspondent Lending Program” means MLCC’s program of purchasing Cendant Loans from Correspondent Lenders pursuant to the terms and conditions of the Correspondent Lending Guide, the applicable Commitment and the applicable Master Purchase Agreement. Such program also includes the underwriting of certain Cendant Loans referred by a Correspondent Lender to MLCC, which Cendant Loans are underwritten and delivered to MLCC in accordance with the Correspondent Lending Guide, the applicable Commitment and the applicable Master Purchase Agreement. “Delegated Loans” mean those Cendant Loans originated and closed pursuant to and in accordance with the “Delegated Underwriting Program” (as such term is defined in the Correspondent Lending Guide). “Master Purchase Agreement” means a “Master Loan Purchase and Sale Agreement” entered into by MLCC and a Correspondent Lender, which agreement sets forth the terms and conditions pursuant to which a Correspondent Lender agrees to sell, and MLCC agrees to buy, Cendant Loans having such characteristics and in such aggregate principal amounts as are agreed to between MLCC and the applicable Correspondent Lender in accordance with the eligibility guidelines in the Correspondent Lending Guide and the applicable “Commitment”. “Mortgage Broker” means a Person engaged in the business of brokering mortgage loans and approved by MLCC, as of the date hereof or in accordance with the terms of this Addendum, to participate in the Mortgage Broker Program. “Mortgage Broker Guide” means the “Mortgage B...
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CENDANT LOANS means shall mean any of the types of Mortgage Loans listed on Schedule 1 hereto, as the same may be amended from time to time by written agreement between MLCC and Cendant, and offered to Borrowers under either the Correspondent Lending Program or the Mortgage Broker Program. Cendant Loans shall also include any of the foregoing Mortgage Loans that are supported by a Mortgage 100sm Loan or a Parent Power Mortgage Loan.
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Examples of CENDANT LOANS in a sentence

  • Mortgage Loan Pricing for Cendant Loans shall be determined by Cendant in its sole discretion.

  • Further, except as indicated below, all references in the Purchase Agreement to a “Mortgage Loan” shall be deemed to include a reference to the Cendant Loans purchased and sold pursuant to the terms of this Addendum.

  • Unless specifically addressed below, all terms and conditions, representations and warranties, and rights, obligations and covenants of Cendant and MLCC set forth in the Purchase Agreement shall apply or shall be deemed to be given or made, as the case may be, to Cendant Loans purchased and sold pursuant to the terms of this Addendum, and to the subject matter of this Addendum.


More Definitions of CENDANT LOANS

CENDANT LOANS. The Mortgage Loans identified in the Mortgage Loan Schedule as being serviced by Cendant (pursuant to the MLCC Servicing Contract); provided, however, that on or about March 1, 2001 and thereafter, the Cendant Loans shall include the Servicing Transferred Loans.
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CENDANT LOANS. The Mortgage Loans identified as such on the Mortgage Loan Schedule.
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Related to CENDANT LOANS

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Replacement Loans has the meaning specified in Section 10.01.

  • Home Equity Loan means a loan or funded or unfunded portions of a line of credit secured by a mortgage on a one-to four-family residences or stock of cooperative housing association, where the Failed Bank did not have a first lien on the same property as collateral.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the U.S. Swingline Loans, the U.S. Overadvances, and the U.S. Protective Advances.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • Additional Loans means any Additional Revolving Loans and any Additional Term Loans.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • Revolving Advances means Advances made other than Letters of Credit.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category.

  • Cooperative Loans Any of the Mortgage Loans made in respect of a Cooperative Apartment, evidenced by a Mortgage Note and secured by (i) a Security Agreement, (ii) the related Cooperative Stock Certificate, (iii) an assignment of the Cooperative Lease, (iv) financing statements and (v) a stock power (or other similar instrument), and ancillary thereto, a recognition agreement between the Cooperative and the originator of the Cooperative Loan, each of which was transferred and assigned to the Trustee pursuant to Section 2.01 and are from time to time held as part of the Trust Fund.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.