Mortgage Loan Pool definition

Mortgage Loan Pool means the pool of Mortgage Loans, which are the primary assets of the Trust Fund.

Mortgage Loan Pool. The pool of Mortgage Loans Granted to the Indenture Trustee under this Indenture as security for the Notes.

Mortgage Loan Pool. A group of Mortgage Loans purchased by Purchaser hereunder and subject to a single Confirmation.

Examples of Mortgage Loan Pool in a sentence

• It states SBA shall have the right to offset any amount owed by Lender to SBA, including, without limitation, an offset against CSA’s obligation to pay Lender pursuant to any Section 504 First Mortgage Loan Pool Guarantee Agreement.Section 120.1723 establishes whenSeller must forward Pool Loan Receivables to CSA.

• On or before the expiration of the cure periods as set forth above, Lender shall purchase the affected Mortgage Loans from the Authority of the Servicer or the applicable Certificate Provider (if any), as the case may be, for its own account at a price equal to the outstanding principal balance thereof plus accrued interest thereon, and, if applicable, Trustee and Servicer shall consider such purchase to be a prepayment of a Mortgage Loan within the Mortgage Loan Pool backing a Certificate.

• Rich, Management Analyst, 202–205–7030 curtis.rich@sba.gov.SUPPLEMENTARY INFORMATION: Theseforms capture the terms and conditions of SBA’s new Secondary Market for First Mortgage Loan Pool Program.

• The system includes a CDC Online application that provides portfolio information to each CDC, and a 503 ARRA- FMLP application designed to monitor pool formation and payment history associated with the SBA First Mortgage Loan Pool (FMLP) program.

• Failure to collect the information contained in the forms may compromise the effectiveness of the Secondary Market First Mortgage Loan Pool program, SBA’s recoveries, the program’s contribution to improving the nation’s economy, and the Agency’s ability to comply with Recovery Act reporting requirements.

More Definitions of Mortgage Loan Pool

Mortgage Loan Pool. Consists of two groups: GROUP I consists of $68,704,791.31 of fixed mortgage loans secured by first lien, level pay and balloon mortgages on primarily 1 - 4 family properties (the "Group I Mortgage Loans"). GROUP II consists of $138,694,368.51 of adjustable rate mortgage loans secured by first lien, level pay mortgages on primarily 1 - 4 family properties (the "Group II Mortgage Loans").

Mortgage Loan Pool. The pool of Mortgage Loans held by the Trust, which secure the obligations of the Trust with respect to the Class A Notes, as reflected on the Mortgage Loan Schedule.

Mortgage Loan Pool. The pool of Mortgage Loans.

Mortgage Loan Pool. The Mortgage Loans in the aggregate and any REO Properties acquired in respect thereof.

Mortgage Loan Pool. The pool of Mortgage Loans consisting of the Mortgage Loans in Group I and the Mortgage Loans in Group II.

Mortgage Loan Pool. The groups of Mortgage Loans purchased by the Purchaser hereunder for which a Mortgage Loan Schedule is provided to the Purchasers in accordance with this Agreement.

Mortgage Loan Pool means, at any time, all of the then outstanding Mortgage Loans that are owned by the Borrower and in which a security interest has been granted, or has been purported to have been granted, to the Agent pursuant to this Agreement.