New Mortgage Loan definition

New Mortgage Loan. As defined in Section 3.02(a)(i)(1) hereof.

New Mortgage Loan has the meaning set forth in Section 4.01(a).

New Mortgage Loan means a Mortgage Loan, including a Home Improvement Loan, made by a Mortgage Lender to a Person of Low or Moderate Income to finance project costs, and containing such terms and conditions as the MFA may require.

Examples of New Mortgage Loan in a sentence

• Support the successful closing of the state companies’ public offers During the first part of 2012, BVB designed and publicly submitted the technical and operational offer for running public offers through BVB.

• A MCC may only be issued in conjunction with a New Mortgage Loan.

• FNMA LL 02–2009: New Mortgage Loan Data Requirements (02/13/09); Fannie Mae Announcement 09–11, Mortgage Loan Data Requirements Update (10/6/09) and Announcement 09–11, Mortgage Loan Data Requirements Related FAQs (2/4/10); and Freddie Mac Single-Family Seller/Servicer Guide Bulletin, No: 2009–27 (12/4/ 09).

• In the case of the Sold Percentage of the Excess MSR with respect to a New Mortgage Loan, Seller and Purchaser intend that, solely for income tax purposes, the sale and assignment shall occur as of the Refinancing Date of the related Refinanced Mortgage Loan.

• Further, studies have demonstrated that for each dollar spent on prescription drugs, overall health care expenditures have decreased by an amount between $2.06 and $2.65.17 In PCPA negotiations, the value of new drugs should be considered in the context of long-term health system cost savings from these investments.

More Definitions of New Mortgage Loan

New Mortgage Loan means a mortgage loan granted by the relevant Transferor to the relevant Borrower, which may consist of one or more loan parts (leningdelen) as set forth in the List of Mortgage Loans.

New Mortgage Loan has the meaning set forth in Section 3.02(c).

New Mortgage Loan means a mortgage loan made by a mortgage lender to a person of low or moderate income to finance project costs and containing terms and conditions required by rule of the authority;

New Mortgage Loan. With respect to any existing Mortgage Loan subject to this Agreement, a new mortgage loan (i) which is originated when the related Mortgagor (A) refinances such existing Mortgage Loan with proceeds from such new mortgage loan which is secured by the same mortgaged property or (B) pays off in full such existing Mortgage Loan and obtains a new mortgage loan secured by a different mortgaged property and, in each case, such refinancing or new borrowing resulted from the solicitation efforts of the Subservicer or any brokers, correspondent lenders, agents or independent contractors that Subservicer engaged to solicit such refinancing or new borrowing on its behalf and (ii) for which the related Servicing Rights are transferred to the Owner/Servicer pursuant to Exhibit B.

New Mortgage Loan. A Mortgage Loan the proceeds of which were used, in whole or in part, to prepay the related Refinanced Mortgage Loan. Non-qualifying Income: Any amount that is treated as gross income for purposes of Section 856 of the Code and which is not Qualifying Income.

New Mortgage Loan. With respect to any existing Mortgage Loan subject to this Agreement, the NRM PLS Subservicing Agreement or the Servicing Addendum, a new mortgage loan (i) which is originated when the related Mortgagor (A) refinances such existing Mortgage Loan with proceeds from such new mortgage loan which is secured by the same mortgaged property or (B) pays off in full such existing Mortgage Loan and obtains a new mortgage loan secured by a different mortgaged property and, in each case, such refinancing or new borrowing resulted from the solicitation efforts of the Subservicer or any brokers, correspondent lenders, agents or independent contractors that Subservicer engaged to solicit such refinancing or new borrowing on its behalf and (ii) for which the related Servicing Rights are transferred to the Owner/Servicer or NRM pursuant to Exhibit B of this Agreement, the NRM PLS Subservicing Agreement or the Servicing Addendum.

New Mortgage Loan means an interest-bearing obligation which is secured by a mortgage, mortgage deed, deed of trust or other instrument creating a lien on real property, or an interest therein, located within the state and which is made by a lending institution to finance the acquisition, construction or rehabilitation of a single-family or multiple-unit dwelling for occupancy by eligible families as their principal residences.