Loss mitigation option definition

Loss mitigation option means a temporary or permanent loan modification, a forbearance agreement, a repayment agreement, a principal reduction, capitalizing arrears, or any other relief intended to allow a mortgagor to retain ownership of the property.
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Loss mitigation option means an alternative to foreclosure, including loan modification, reinstatement, forbearance, deed-in-lieu, and short sale.
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Loss mitigation option means an alternative to foreclosure, including a loan modification agreement, a deed in lieu of foreclosure, and a short sale.
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Examples of Loss mitigation option in a sentence

  • Loss mitigation option means an alternative to foreclosure offered by the owner or assignee of a mortgage loan that is made available through the Servicer to the borrower.

  • Loss mitigation option means an alternative to foreclosure offered by the owner or assignee of a mortgage loan that is made available through the servicer to the borrower.

  • Loss mitigation option -- An alternative to foreclosure offered by the owner or assignee of a mortgage loan that is made available through the servicer to the borrower.


More Definitions of Loss mitigation option

Loss mitigation option means an alternative to foreclosure, including, but not limited to, a loan modification, shared appreciation mortgage modification agreement, reinstatement, forbearance, deed-in-lieu, or short sale.
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Loss mitigation option means an alternative to
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Loss mitigation option means an alternative to foreclosure,
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Loss mitigation option means an alternative to foreclosure offered by the owner or assignee of a mortgage loan that a mortgage servicer makes available to the borrower.
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Loss mitigation option means, as set forth in 12 C.F.R. § 1024.31, an alternative to foreclosure offered by the owner or assignee of a mortgage loan that is made available through the servicer to the borrower.
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Loss mitigation option means an alternative to foreclosure offered by the owner, holder, or assignee of a mortgage loan that is made available through the servicer to the borrower.
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Related to Loss mitigation option

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Optional Extended Local Calling Scope Arrangement Traffic is traffic that under an optional Extended Local Calling Scope Arrangement chosen by the Customer terminates outside of the Customer’s basic exchange serving area.

  • First Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Compensation Options has the meaning ascribed thereto on the face page of this Agreement;

  • Renewal Option has the meaning set forth in §12.1.

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Option to Extend has the meaning given that term in Section 2.13.

  • Statewide special election means a special election called by the governor or the

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Replacement Option means an Option that is granted when a Participant uses a Common Share held or to be acquired by the Participant to exercise an Option and/or to satisfy tax withholding requirements incident to the exercise of an Option.

  • Nonrenewal Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Direction-indicator lamp means the lamp used to indicate to other road-users that the driver intends to change direction to the right or to the left;

  • Option 1 [X] Yes, but only with respect to a Contributing Participant's Elective Deferrals.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • Co-occurring disorder specialist means an individual

  • Diagnosis of autism spectrum disorders means assessments, evaluations, or tests, including the autism diagnostic observation schedule, performed by a licensed physician or a licensed psychologist to diagnose whether an individual has 1 of the autism spectrum disorders.

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Diagnosis of autism spectrum disorder means medically necessary assessments, evaluations, or tests

  • Modular building manufacturer means a person or corporation who owns or operates a