Delinquent Loans means loans where the borrowers have failed to make scheduled mortgage payments under the terms of the mortgage and where the cumulative amount of mortgage payments missed exceeds the scheduled payments due in a three-month period.
Delinquent Loans means (i) all Loans with principal and/or interest that are 30-89 days past due, (ii) all Loans with principal and/or interest that are at least 90 days past due and still accruing, and (iii) all Loans with principal and/or interest that are nonaccruing.
Examples of Delinquent Loans in a sentence
To the extent Servicer receives information from a Collection Agent regarding any Charged Off Loans or Delinquent Loans, Servicer shall include such information in the reports regarding the Loans that are required to be delivered under this Agreement.
The aggregate amount of Liberty’s Delinquent Loans as of the end of the month prior to the Effective Date (the “Computation Date”) does not exceed 5% of total loans.
More Definitions of Delinquent Loans
Delinquent Loans means Mortgage Loans which are _____________ days Delinquent.
Delinquent Loans means loans made under the Chapter 166 Direct Loan Program which are more than 60 days delinquent in the payment of principal or interest.
Delinquent Loans means, at any time, the sum of (i) the aggregate unpaid principal amount of Commercial Loans and Mortgage Loans owned by any Company which are 31 or more days delinquent (whether under the initial payment plan or a modified payment plan established pursuant to a workout), plus (ii) assets acquired in satisfaction of debt, including any assets acquired through foreclosure, by deed in lieu of foreclosure, liquidation or other similar actions, plus (iii) Commercial Loans and Mortgage Loans then subject to any legal suit, arbitration proceeding or other similar action or proceeding.
Delinquent Loans means (i) all Loans with principal and/or interest that are 30-89 days past due, (ii) all Loans with principal and/or interest that are at least 90 days past due and still accruing, and (iii) all Loans with principal and/or interest that are non-accruing.
Delinquent Loans shall be Serviced Loans that are sixty (60) days or more past due (as defined throughout using the MBA method), as determined by JPMorgan each month pursuant to Paragraph 5. Eligible Loans are Delinquent Loans that meet the requirements of transfer in Paragraph 5(b).2 Subject to the proviso in clause (ii) above, nothing in this Subservicing Protocol shall be construed to prevent JPMorgan from selling any servicing rights as set forth in Section 6.02 of the Settlement Agreement.
Delinquent Loans means the total of the unguaranteed portions of SBA 7(a) program loans in the Company’s portfolio that are delinquent thirty (30) days or greater. For purposes of this definition, loans that are extended under the SBA’s statutory deferment program and standard operating procedures for a period of up to ninety (90) days shall not be considered “delinquent”.
Delinquent Loans means, collectively, Delinquent "30 - 59" Loans and Delinquent "60 - 89" Loans.