Lien Position definition

Lien Position. Each Mortgage Loan is secured by a perfected [first] [xxxxxx] lien Mortgage.
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Lien Position. Senior Lien Holder: Senior Lien Balance: Estimated Senior Lien Foreclosure Sale Date: Senior Lien in Foreclosure - Flag: Schedule 1 MORTGAGE LOAN SCHEDULE [FILED BY PAPER] Schedule 2 SCHEDULE OF PREPAYMENT CHARGES (Available Upon Request) Schedule 2-1 Schedule 3 PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS The Depositor hereby represents, warrants, and covenants as follows on the Closing Date and on each Distribution Date thereafter:
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Lien Position. Each Mortgage Loan is secured by a perfecxxx xxxst lien Mortgage.
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Examples of Lien Position in a sentence

  • Mortgage Lien Info Numeric – Integer 2 99 If Lien Position > 1 See Coding 1 = Fixed Rate 2 = ARM 3 = Hybrid 4 = Neg Am 99 = Unknown 21 Hybrid Period of Most Senior Lien (in months) For non-first mortgages where the associated first mortgage is a hybrid ARM, the number of months remaining in the initial fixed interest rate period for the hybrid first mortgage.

  • Mortgage Lien Info Date 20090914 YYYYMMDD If Lien Position > 1 and there is a 2nd lien on the subject property “19010101” if unknown 25 Origination Date The date of the Mortgage Note and Mortgage/Deed of Trust Loan Term and Amortization Type Date 20090914 YYYYMMDD Always “19010101” if unknown 26 Original Loan Amount The dollar amount of the mortgage loan, as specified on the mortgage note at the time of the loan’s origination.

  • Lien Position Title Policy The lien position, as stated in the Title Policy.

  • When data was available, the following data elements were compared: Appraised Value Interest Rate Original Balance QM TypeCLTV Lien Position P&I Payment TermDoc Level LTV Property City DTI Note Date Property State FICO Note Type Property Zip First Payment Date Occupancy Purpose The aggregator provided CRES with loan level data regarding the mortgage loans for the data integrity check.

  • When data was available, the following data elements were compared: Appraised Value Interest Rate Orig Balance PurposeCLTV Lien Position Orig Term QM TypeDoc Level LTV P&I Payment DTI Note Date Property City FICO Note Type Property State First Payment Date Occupancy Property Zip The aggregator provided CRES with loan level data regarding the mortgage loans for the data integrity check.

  • Field Compare Appraised Value CLTV Doc Level DTI FICO* DSCR* First Payment Date* Interest Rate Lien Position LTV Note Date Note Type Occupancy Orig Balance OrigTerm P&I Payment Property City Property State Property Zip Purpose QM Type* *: Tape data was not available to compare.

  • When data was available, the following data elements were compared:Appraised Value First Payment Date Occupancy Property ZipCLTV Interest Rate Orig Term PurposeDoc Level Lien Position Original Balance QM TypeDSCR LTV P&I Payment DTI Note Date Property City FICO Note Type Property State The aggregator provided CRES with loan level data regarding the mortgage loans for the data integrity check.

  • Lien Position Securitization Codecharacteristics, the Mortgage Loan Sellers, on behalf of the Depositor, instructed us to use the applicable Source Document(s) listed for each characteristic and the corresponding information relating to such characteristic that is contained in the EDGAR ABS XML Technical Specification Document.

  • The fields in which tape data was not available is noted below; however, a data discrepancy was not counted if the seller failed to provide a compare value.Field Compare Appraised Value CLTV Doc Level DTI FICO First Payment Date Interest Rate Lien Position LTV Note Date* Note Type Occupancy Orig Term Original Balance P&I Payment Property City Property State Property Zip Purpose QM Type* *Note Date, P&I Payment, QM Type/TILA: Tape data was not provided.

  • Field Compare Appraised Value CLTV Doc Level DTI FICO DSCR* First Payment Date Interest Rate Lien Position LTV Note Date Note Type Occupancy Orig Balance OrigTerm P&I Payment Property City Property State Property Zip Purpose QM Type* *: Tape data was not available to compare.


More Definitions of Lien Position

Lien Position. Each Mortgage Loan xx xxxured by a perfected [first] [second] lien Mortgage.
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Lien Position. Xxxx Xortgage Loan is secured by a perfected [first] [second] lien Mortgage.
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Lien Position. Fee/Leasehold: Ground Lease Expiration Date: Property Name: Property Address: Property City: Property Zip Code: Property Type (General): Property Type (Specific): Cross-collateralized (Yes/No)*: Property Size: Year built: Year renovated: Actual Average Occupancy: Occupancy Rent Roll Date: Underwritten Average Occupancy: Largest Tenant: Largest Tenant SF: Largest Tenant Lease Expiration: 2nd Largest Tenant: 2nd Largest Tenant SF: 2nd Largest Tenant Lease Expiration: 3rd Largest Tenant: 3rd Largest Tenant SF: 3rd Largest Tenant Lease Expiration: Underwritten Average Rental Rate/ADR: Underwritten Vacancy/Credit Loss: Underwritten Other Income: Underwritten Total Revenues: Underwritten Replacement Reserves: Underwritten Management Fees: Underwritten Franchise Fees: Underwritten Total Expenses: Underwritten Leasing Commissions: Underwritten Tenant Improvement Costs: Underwritten NOI: Underwritten NCF: Underwritten Debt Service Constant: Underwritten DSCR at NOI: Underwritten DSCR at NCF: Underwritten NOI Period End Date: Hotel Franchise: Hotel Franchise Expiration Date: Appraiser Name: (if Applicable) Appraised Value: (if Applicable) Appraisal Date: (if Applicable) Appraisal Cap Rate: (if Applicable) Appraisal Discount Rate: (if Applicable) Underwritten LTV: Environmental Report Preparer: Environmental Report Date: Environmental Report Issues: Architectural and Engineering Report Preparer: Architectural and Engineering Report Date: Deferred Maintenance Amount: Ongoing Replacement Reserve Requirement per A&E Report: Immediate Repairs Escrow % (e.g. 125%): Replacement Reserve Annual Deposit: Replacement Reserve Balance: Tenant Improvement/Leasing Commission Annual Deposits: Tenant Improvement/Leasing Commission Balance: Taxes paid through date: Monthly Tax Escrow: Tax Escrow Balance: Insurance paid through date: Monthly Insurance Escrow: Insurance Escrow Balance: Reserve/Escrow Balance as of Date: Probable Maximum Loss %: Covered by Earthquake Insurance (Yes/No): Number of times 30 days late in last 12 months: Number of times 60 days late in last 12 months: Number of times 90 days late in last 12 months: Servicing Fee: Notes:
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Lien Position. 100% first 92.98% first / 7.02% second Original CLTV Ratio: 75.11% (range: 6.38% - 100.00%) 75.77% (range: 9.09% - 100.00%) WA Debt to Income Ratio: 39.21% (range: 2.00% - 60.00%) 38.61% (range: 1.00% - 72.00%) Credit Grade: 49.80% A, 26.38% B, 20.92% C, 2.85% D, 0.05% M 52.92% A, 26.39% B, 15.96% C, 4.19% D, 0.53% M Documentation: 82.58% full doc, 9.93% no income verification, 86.22% full doc, 9.06% no income verification, 7.48% no doc 4.68% no doc, 0.04% other Property Type: 89.30% single family, 4.09% 2-4 family, 2.78% 88.71% single family, 7.37% 2-4 family, 0.94% PUD, 3.83% other PUD, 2.98% other Owner Occupancy: 96.29% owner occupied, 3.71% investor owned 95.76% owner occupied, 4.24% investor owned Loan Purpose: 70.06% debt consolidation and home improvement, 83.97% debt consolidation and home 28.22% purchase, 1.72% other improvement, 13.87% purchase, 2.16% other Geographic Distribution: MI (24.32%), CA (10.91%), OH (6.38%), CO MI (10.13%), OH (8.59%), NY (8.32%), IL (5.00%), with all remaining states under 5.0% (6.72%), FL (6.38%), IN (5.99%), PA (5.99%), with all remaining states under 5.0%
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Lien Position. Each Mortgage Loan is secured by a xxxxxxxed first lien Mortgage.
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Lien Position. The priority of the Lien of the Mortgage on the Mortgaged Property.
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Related to Lien Position

  • Open Position means a Long Position or a Short Position which is not a Completed Transaction.

  • Open Positions means aggregate risk disclosure, arising from buy or sell of financial instruments in accordance with Client instructions pending for subsequent counter-transaction to close/settle such market trades/disclosures.

  • Cash Position means the Company’s level of cash and cash equivalents.

  • Consolidated First Lien Net Debt means Consolidated Total Net Debt minus the sum of (i) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is not secured by any Lien on the Collateral and (ii) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is secured by Liens on the Collateral, which Liens are expressly subordinated or junior to the Liens securing the Obligations.

  • Adjusted Funds From Operations means, for any period, Net Cash Flows From Operating Activities for such period plus Interest Expense for such period minus (x) the portion (but not less than zero) of Net Cash Flows From Operating Activities for such period attributable to any consolidated Subsidiary that has no Debt other than Nonrecourse Indebtedness and (y) After-Tax Transitional Funding Instrument Revenue for such period.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Earnings from Operations for any period means net earnings excluding gains and losses on sales of investments, extraordinary items and property valuation losses, as reflected in the financial statements of the Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • NOI means Notice of Intent to be covered by this permit.

  • Consolidated Operating Income means, for any period, the operating income or loss of the Borrower and the Subsidiaries for such period determined on a consolidated basis in accordance with GAAP.

  • Funds From Operations for any period means the consolidated net income attributable to the Issuers and the Restricted Subsidiaries for such period determined in conformity with GAAP after adjustments for unconsolidated partnerships and joint ventures, plus depreciation and amortization of real property (including furniture and equipment) and other real estate assets and excluding (to the extent such amount was deducted in calculating such consolidated net income):

  • Consolidated First Lien Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated First Lien Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters of the Borrower most recently ended.

  • Consolidated Net Income (Loss) of any Person means, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period on a Consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by excluding, without duplication, (i) all extraordinary gains or losses (exclusive of all fees and expenses relating thereto), (ii) the portion of net income (or loss) of such Person and its Subsidiaries on a Consolidated basis allocable to minority interests in unconsolidated Persons to the extent that cash dividends or distributions have not actually been received by such Person or one of its Subsidiaries, (iii) net income (or loss) of any Person combined with such Person or any of its Subsidiaries on a “pooling of interests” basis attributable to any period prior to the date of combination, (iv) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan, (v) net gains (or losses) (except for all fees and expenses relating thereto) in respect of dispositions of assets other than in the ordinary course of business, (vi) the net income of any Subsidiary to the extent that the declaration of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (vii) any gain arising from the acquisition of any securities, or the extinguishment, under GAAP, of any Indebtedness of such Person, (viii) transaction costs charged in connection with the Refinancing, or (ix) amortization of intangible assets of such Person and its Subsidiaries on a consolidated basis under GAAP.

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (i) Consolidated Total Indebtedness secured on a first lien basis, net of Unrestricted Cash, as of the last day of such Test Period, to (ii) Consolidated EBITDA for such Test Period.

  • Consolidated Net Debt means, as of any date of determination, (a) Consolidated Total Debt minus (b) the aggregate amount of cash and Cash Equivalents of the Borrower and the Restricted Subsidiaries as of such date that is not Restricted.

  • Consolidated Excess Cash Flow means, for any period, an amount (if positive) equal to: (a) the sum, without duplication, of the amounts for such period of (i) Consolidated Net Income, plus, (ii) to the extent reducing Consolidated Net Income, the sum, without duplication, of amounts for non-cash charges reducing Consolidated Net Income, including for depreciation and amortization (excluding any such non-cash charge to the extent that it represents an accrual or reserve for a potential cash charge in any future period or amortization of a prepaid cash charge that was paid in a prior period), plus (iii) the Consolidated Working Capital Adjustment, minus (b) the sum, without duplication, of (i) the amounts for such period paid in cash by Holdings and its Subsidiaries from operating cash flow (and not already reducing Consolidated Net Income) of (1) scheduled repayments (but not optional or mandatory prepayments) of Indebtedness for borrowed money of Holdings and its Subsidiaries (excluding scheduled repayments of Revolving Credit Loans or Swing Line Loans (or other loans which by their terms may be re-borrowed if prepaid) except to the extent the Revolving Credit Commitments (or commitments in respect of such other revolving loans) are permanently reduced in connection with such repayments) and scheduled repayments of obligations of Holdings and its Subsidiaries under Capital Leases (excluding any interest expense portion thereof), (2) Capital Expenditures, (3) payments of the type described in clause (g) of the definition of Consolidated EBITDA and (4) consideration in respect of Permitted Acquisitions plus (ii) other non-cash gains increasing Consolidated Net Income for such period (excluding any such non-cash gain to the extent it represents the reversal of an accrual or reserve for a potential cash gain in any prior period).

  • Consolidated Net Loss for any fiscal period, means the amount which, in conformity with GAAP, would be set forth opposite the caption "net income" (or any like caption), as the case may be, on a consolidated statement of earnings of the Borrower and its Subsidiaries, if any, for such fiscal period.

  • Pro Forma EBITDA means, for any period, the Consolidated EBITDA of the Issuer and the Restricted Subsidiaries, provided that for the purposes of calculating Pro Forma EBITDA for such period, if, as of such date of determination:

  • Free Cash Flow means, for any Person for any period, EBITDA plus cash interest income of such Person for such period, less income taxes, Capital Expenditures and Investments (to the extent made in compliance with this Agreement), Scheduled Debt Service (if any) and variations in working capital made in the ordinary course of business, with respect to such period.

  • Consolidated Operating Cash Flow means, with respect to the Company and its Subsidiaries on a consolidated basis, for any period, an amount equal to Consolidated Net Income for such period increased (without duplication) by the sum of:

  • Adjusted Net Earnings from Operations means, with respect to any fiscal period of Foamex, the net income of Foamex and its Subsidiaries after provision for income taxes for such fiscal period, as determined in accordance with GAAP on a consolidated basis (excluding the Joint Ventures and the China Joint Venture) and reported on the Financial Statements for such period, excluding any and all of the following included in such net income: (a) gain or loss arising from the sale of any capital assets; (b) gain (or loss) arising from any write-up (or write-down) in the book value of any asset; (c) earnings of any Person, substantially all the assets of which have been acquired by Foamex or any of its Subsidiaries in any manner, to the extent realized by such other Person prior to the date of acquisition; (d) earnings of any Person (other than Foamex Canada and the Mexican Subsidiaries and their respective Subsidiaries) in which Foamex or any of its Subsidiaries has an ownership interest unless (and only to the extent) such earnings shall actually have been received by Foamex or any of its Domestic Subsidiaries in the form of cash distributions; (e) earnings of any Person to which assets of Foamex or any of its Subsidiaries shall have been sold, transferred or disposed of, or into which Foamex or any of its Subsidiaries shall have been merged, or which has been a party with Foamex or any of its Subsidiaries to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain or loss arising from the acquisition of debt or equity securities of Foamex or any of its Subsidiaries or from cancellation or forgiveness of Debt; and (g) gain or loss arising from extraordinary items, as determined in accordance with GAAP.

  • Unencumbered Leverage Ratio means, as of any date of determination, the quotient (expressed as a percentage) of (a) Unsecured Indebtedness, divided by (b) Unencumbered Asset Value.

  • Pro Forma Disposal Adjustment means, for any four-quarter period that includes all or a portion of a fiscal quarter included in any Post-Transaction Period with respect to any Sold Entity or Business, the pro forma increase or decrease in Consolidated EBITDA projected by the Borrower in good faith as a result of contractual arrangements between the Borrower or any Restricted Subsidiary entered into with such Sold Entity or Business at the time of its disposal or within the Post-Transaction Period and which represent an increase or decrease in Consolidated EBITDA which is incremental to the Disposed EBITDA of such Sold Entity or Business for the most recent four-quarter period prior to its disposal.