Mortgage Fees definition

Mortgage Fees means late fees, prepayment fees and other similar fees relating to the Mortgage Loans.
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Mortgage Fees means, with respect to a Mortgage, all Commitment Fees, Discharge Fees, Administration Fees and Letter of Credit Fees payable from time to time pursuant to such Mortgage.
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Examples of Mortgage Fees in a sentence

  • The parties hereto will share all Mortgage Fees payable under each Originated Mortgage on the bases set out in Schedule F with respect to the particular Product Groups.

  • MCLP may also retain a portion of any Mortgage Fees paid under any Originated Mortgage, to the extent of its entitlement thereto as provided in Section 9.4.

  • Mortgage Fees Normally charged by your financial advisor, for acting on behalf of your bank or building society.

  • At our discretion we may add the amount of any Reverse Equity Mortgage Fees and Charges and/or costs and losses we incur to the Unpaid Balance of your Loan or debit such amount from any account you have with us.

  • The fees you must pay in connection with your SBS Unwind Loan Agreement are set out in your Loan Schedule and in our Reverse Equity Mortgage Fees and Charges Schedule.

  • If you are in breach of your SBS Unwind Loan Agreement, we may charge you default fees as specified in the Reverse Equity Mortgage Fees and Charges Schedule.

  • Generally we will apply payments first in payment of any Reverse Equity Mortgage Fees and Charges and costs, second in payment of any accrued interest, including default interest, and third in repayment of the Unpaid Balance of your Loan.

  • Debit your accounts If any amount under your SBS Unwind Loan Agreement is due and owing to us, including principal, interest and Reverse Equity Mortgage Fees and Charges, you agree that (subject to the application of clauses 10 and 11) we can take any such amounts from any account you have with us.

  • Where we change the Floating Interest Rate or we change any of our Reverse Equity Mortgage Fees and Charges, we may notify you of this change directly (for example, by sending you a notice or letter) or we may notify you of this change by displaying it on our website, at our branches and/or advertising it in a major daily newspaper.

Related to Mortgage Fees

  • Special Servicing Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Prepayment Charges Any prepayment premium or charge payable by a Mortgagor in connection with any Principal Prepayment on a Mortgage Loan pursuant to the terms of the related Mortgage Note or Mortgage, as applicable.

  • Servicing Fees With respect to each Mortgage Loan and REO Loan, the Master Servicing Fee and the Special Servicing Fee.

  • Premium Mortgage Loan Any Group 1 Premium Mortgage Loan or Group 2 Premium Mortgage Loan.

  • Mortgage Policy has the meaning specified in Section 4.01(a)(iv)(B).

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

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

  • Mortgage Pool The pool of Mortgage Loans, identified on Schedule 1 from time to time, and any REO Properties acquired in respect thereof.

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

  • High Cost Mortgage Loan means a Mortgage Loan classified as (a) a “high cost” loan under the Home Ownership and Equity Protection Act of 1994 or (b) a “high cost,” “threshold,” “covered,” or “predatory” loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law, regulation or ordinance imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees).

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • Initial Mortgage Rate As to each Mortgage Loan, the Mortgage Rate in effect prior to the Initial Adjustment Date.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

  • 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.

  • REO Mortgage Loan Any Mortgage Loan which is not a Liquidated Loan and as to which the indebtedness evidenced by the related Mortgage Note is discharged and the related Mortgaged Property is held as part of the Trust Estate.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Relief Act Mortgage Loan Any Mortgage Loan as to which the Scheduled Payment thereof has been reduced due to the application of the Relief Act.

  • Mortgage Documents With respect to each Mortgage Loan, the mortgage documents required to be delivered to the Custodian pursuant to each Custodial Agreement.

  • Mortgage Policies has the meaning specified in Section 6.13(b)(ii).

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.