New Century Mortgage Loans definition

New Century Mortgage Loans. The Mortgage Loans being serviced by New Century from the period beginning on the Closing Date and ending on the Servicing Transfer Date.
Sample 1Sample 2
New Century Mortgage Loans. The Mortgage Loans for which New Century is identified as Originator on the Mortgage Loan Schedule.
Sample 1
New Century Mortgage Loans. Those Mortgage Loan that were originated by New Century.
Sample 1

Examples of New Century Mortgage Loans in a sentence

  • In addition to the rights provided to Salomon ---------- pursuant to Sections 1 and 2 of this Letter Agreement, Salomon shall make available to New Century an aggregation line (the "Aggregation Line") pursuant to which Salomon shall simultaneously purchase from, and sign a forward commitment to resell to, New Century Mortgage Loans that are deemed acceptable for such Aggregation Line as set forth below.

  • It is intended that Countrywide will purchase the servicing rights relating to the New Century Mortgage Loans on or about September 1, 2005, and will service such New Century Mortgage Loans in accordance with the terms and conditions of this Agreement.

  • In addition, from and after the Closing Date to the Servicing Transfer Date, the New Century Mortgage Loans will be serviced and administered by the Interim Servicer pursuant to the Interim Servicing Agreement, and no Servicer will have any responsibility to service or administer such Mortgage Loans or have any other obligation with respect to such Mortgage Loans during that period.

  • In the event that Countrywide does not purchase the servicing rights relating to the New Century Mortgage Loans, a qualified successor servicer will be appointed in accordance with Section 8.02 hereof and Countrywide will not have any obligations as a Servicer with respect to the New Century Mortgage Loans under this Agreement unless otherwise agreed by the parties hereto.

  • Mortgage Pass-Xxxxxxh Xxxxxxicates Series 2003-HE1 Representations and Warranties of New Century as to the New Century Mortgage Loans New Century hereby makes the representations and warranties set forth in this Schedule VII as to the New Century Mortgage Loans only, to the Depositor and the Trustee, as of the Closing Date (unless otherwise expressly indicated), for each New Century Mortgage Loan.

  • In addition to the rights provided to SBI pursuant to ---------- Sections 1 and 2 of this Letter Agreement, Salomon shall make available to New Century an aggregation line (the "Aggregation Line") pursuant to which Salomon shall simultaneously purchase from, and sign a forward commitment to resell to, New Century Mortgage Loans that are deemed acceptable for such Aggregation Line as set forth below.


More Definitions of New Century Mortgage Loans

New Century Mortgage Loans. The Mortgage Loans listed on Exhibit D-2 hereto.
Sample 1
New Century Mortgage Loans. The Mortgage Loans serviced by New Century pursuant to the terms of this Agreement.
Sample 1
New Century Mortgage Loans. The Mortgage Loans being subserviced by the Interim Servicer as of the Closing Date pursuant to the Interim Servicing Agreement, which will be serviced by Countrywide (or such other servicer in the event that Countrywide does not purchase the servicing rights with respect to such Mortgage Loans), from and after the Servicing Transfer Date pursuant to the terms of this Agreement as specified on the Mortgage Loan Schedule.
Sample 1
New Century Mortgage Loans. The Mortgage Loans being subserviced by New Century as of the Closing Date pursuant to the New Century Servicing Agreement.
Sample 1

Related to New Century Mortgage Loans

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

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

  • Countrywide Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Countrywide is the applicable Seller.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of February 27, 2006 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") anx X.X. Bank National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the Group II-A Distribution Amount for the Class II-A-7 Certificates required to be distributed to Holders of the Class II-A-7 Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. Distributions in reduction of the Principal Balance of certain Classes of Class A Certificates may not commence on the first Distribution Date specified above. Distributions of principal will be allocated among the Classes of Group II-A Certificates in accordance with the provisions of the Agreement. The pass-through rate on the Class II-A-7 Certificates applicable to each Distribution Date will be 5.500% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class II-A-7 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person is entitled to receive payments by wire transfer in immediately available funds in accordance with the Agreement and such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Group II Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group II Mortgage Loans.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

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

  • Initial Mortgage Loans The Mortgage Loans included in the Trust as of the Closing Date.

  • Mortgage Loans Such of the mortgage loans transferred and assigned to the Trustee pursuant to the provisions hereof as from time to time are held as a part of the Trust Fund (including any REO Property), the mortgage loans so held being identified in the Mortgage Loan Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.

  • Residential mortgage loan means any loan primarily for

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • 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.

  • 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.

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

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Other Servicer Mortgage Loan Any of the Mortgage Loans, if any, identified in Exhibit F-2 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, which Mortgage Loan is serviced under an Other Servicing Agreement.

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