Home purchase loan definition

Home purchase loan means a loan secured by and made for the purpose of purchasing a dwelling.
Sample 1Sample 2Sample 3
Home purchase loan means a loan secured by and made for the pur- pose of purchasing a dwelling.
Sample 1Sample 2Sample 3
Home purchase loan means a loansecured by and made for the purpose of purchasing a dwelling.
Sample 1Sample 2

Examples of Home purchase loan in a sentence

  • If a loan is a home improvement loan as well as a refi- nancing, an institution reports the loan as a home improvement loan.2(h) Home purchase loan.

  • Rel­ evant definitions can be found in Reg­ ulation C § 1003.2 (Dwelling, Home improvement loan, Home purchase loan, Refinancing).

  • If a loan is a home improvement loan as well as a refinancing, an institution reports the loan as a home improvement loan.2(h) Home purchase loan.

  • Home purchase loan denial rates are disproportionately high in lower-income areas.

  • Home purchase loan means a loansecured by and made for the purpose of purchasing a dwelling.Manufactured home means anyresidential structure as defined under regulations of the Department of Housing and Urban Development establishing manufactured home construction and safety standards (24 CFR 3280.2).Metropolitan Statistical Area or MSAand Metropolitan Division or MD.

  • Likewise, section 9(1) of the Divorce Act fails to make provision for the forfeiture of the patrimonial benefits of a Muslim marriage in the same or similar way as it does in case of other marriages.

  • Home purchase loan totals include both conventional and government home purchase loan originations.

  • The biography and chronological inventory by Randell Makinson (Greene and Greene: Architecture as Fine Art), listing nearly every Greene and Greene project in Pasadena, has been invaluable.

  • Home purchase loan means a loan secured by and made for the purpose of purchasing a dwelling.Manufactured home means any residential structure as defined under regulations of the Department of Housing and Urban Development establishing manufactured home construction and safety standards (24 CFR 3280.2).Metropolitan Statistical Area or MSA and Metropolitan Division or MD.

  • The exhibits, if not physically attached, are treated as parts of the Agreement and are incorporated in it by the reference.


More Definitions of Home purchase loan

Home purchase loan means any loan, including a refinancing, secured by and made for the purpose of purchasing residential real property located in a state (including single-family homes, dwellings for from 2 to 4 families, other multi-family dwellings, and individual units of condominiums or cooperatives).3 The term does not include temporary financing (such as a bridge loan or a construction loan) or the purchase of an interest in a pool of mortgage loans(such as mortgage participation certificates issued or guaranteed by the Federal Home Loan Morgage Corporation, the Government National Mortgage Association, or the Farmers Home Administration).
Sample 1

Related to Home purchase loan

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

  • Purchased Mortgage Loans means the collective reference to Mortgage Loans sold by Seller to Buyer in a Transaction hereunder, listed on the related Mortgage Loan Schedule attached to the related Transaction Request, which such Mortgage Loans the Custodian has been instructed to hold pursuant to the Custodial Agreement.

  • Loan Purchase Price With respect to any Home Equity Loan purchased from the Trust on or prior to a Monthly Remittance Date pursuant to Section 3.04, 3.06(b) or 8.10(b) hereof, an amount equal to the outstanding principal balance of such Home Equity Loan as of the date of purchase (assuming that the Monthly Remittance Amount remitted by the Servicer on such Monthly Remittance Date has already been remitted), plus all accrued and unpaid interest on such Home Equity Loan at the Coupon Rate to but not including the date of such purchase together with (without duplication) the aggregate amounts of (i) all unreimbursed Delinquency Advances and Servicing Advances theretofore made with respect to such Home Equity Loan, (ii) all Delinquency Advances which the Servicer has theretofore failed to remit with respect to such Home Equity Loan, (iii) all reimbursed Delinquency Advances and Servicing Advances to the extent that reimbursement is not made from the Mortgagor and (iv) any costs and damages incurred by the Trust in connection with any violation by the Home Equity Loan of any predatory or abusive lending law.

  • Mortgage Loan Purchase Agreement The agreement between the Seller and the Depositor, regarding the transfer of the Mortgage Loans by the Seller to or at the direction of the Depositor, substantially in the form of Exhibit D annexed hereto.

  • Purchased Loan A motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by CAC or a subsidiary from such Dealer and evidenced by a motor vehicle retail installment sales contract.

  • Mortgage Loan Sale Agreement The mortgage loan sale and assignment agreement dated as of November 1, 2003, for the sale of the Mortgage Loans by the Seller to the Depositor.

  • MERS Designated Mortgage Loan Mortgage Loans for which (a) the Seller has designated or will designate MERS as, and has taken or will take such action as is necessary to cause MERS to be, the mortgagee of record, as nominee for the Seller, in accordance with MERS Procedures Manual and (b) the Seller has designated or will designate the Purchaser as the Investor on the MERS System.

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • Net Purchased Loan Balance means, as of any date of determination, an amount equal to the sum of (i) the Aggregate Principal Balance of all Collateral Obligations sold and/or contributed to the Buyer by the Seller (directly or indirectly) hereunder prior to such date plus (ii) the Aggregate Principal Balance of all Collateral Obligations acquired by the Buyer other than from the Seller prior to such date, in each case calculated as of the date of the Buyer’s acquisition thereof.

  • Mortgage Loan Package Each pool of Mortgage Loans, which shall be purchased by the Purchaser from the Seller from time to time on each Closing Date.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which any Seller is selling to Buyer simultaneously with the origination thereof and for which the Mortgage Loan Documents have not been delivered to the Custodian.

  • Registered mortgage loan originator means any individual who:

  • Serviced Mortgage Loan A Mortgage Loan that is not an Outside Serviced Mortgage Loan.

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

  • Performing Mortgage Loan Any Mortgage Loan or Serviced Pari Passu Companion Loan that is not a Specially Serviced Mortgage Loan.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • Loan Purchase Agreement The Loan Purchase Agreement described in the Recitals to this Agreement, which Loan Purchase Agreement incorporates the terms of the Aurora Loan Services Seller Guide, as the same may be amended from time to time.

  • Repurchased Loan has the meaning set forth in Section 2.3(a).

  • Mortgage Loan Seller Each of CREFI, GACC and JPMCB, and their respective successors in interest.

  • MERS Mortgage Loan Any Mortgage Loan registered with MERS on the MERS System.