Original LTV definition

Original LTV means the ratio of the principal balance of a Loan at its origination to the Value of the Property, as calculated according to the Company's standard procedures. 1.31
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Original LTV. Current Interest Rate: First Payment Date: Last Payment Date: Current P&I Payment Amount: Origination Date: Loan Term: Product Type (adjustable rate or fixed rate): Property Type: Street Address: Zip Code: State: Delinquency Status: Foreclosure Flag: Bankruptcy Flag: Payment Plan Flag (forbearance): MI Certificate Number: Foreclosure Start Date (Referral Date): Foreclosure Actual Sale Date: NOD Date: REO List Date: REO List Price: Occupancy Status: Eviction Status: REO Net Sales Proceeds: REO Sales Price: Current Market Value: Prepayment Flag: Prepayment Expiration Date: Prepayment Charges Collected: Prepayment Premium Waived: Prepayment Calculation: Senior Lien Position: Senior Lien Holder: Senior Lien Balance: Estimated Senior Lien Foreclosure Sale Date: Senior Lien in Foreclosure - Flag: Schedule 1 MORTGAGE LOAN SCHEDULE [FILED BY PAPER] Schedule 2 SCHEDULE OF PREPAYMENT CHARGES (Available Upon Request) Schedule 2-1 Schedule 3 PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS The Depositor hereby represents, warrants, and covenants as follows on the Closing Date and on each Distribution Date thereafter:
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Original LTV means the ratio of the principal balance of a Loan at its origination to the Value of the Property.
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Examples of Original LTV in a sentence

  • Loan-to-Value (LTV) Numeric – Decimal 0.96 9.999999 Always >= 0 and <= 1.5 136 Original LTV The ratio obtained by dividing the original mortgage loan amount on the note date by the lesser of the mortgaged property’s appraised value on the note date or its purchase price.

  • Original LTV - Segment the portfolio into the loan to value ratio at origination (calculated using the wholesale price of the vehicle).

  • Please break into the following segments:01 - <= 9002 - 91 – 12003 - > 12004 - N/A – Original LTV is missing or unknown 4.

  • Weighted Average Current LTV is calculated based on indexed property values as per the Indexation Methodology.3. Weighted Average Current LTV (unindexed), Weighted Average Authorized LTV and Weighted Average Original LTV are calculated based on appraisal amount at origination.

  • If there is an additional advance against the property outside of the Cover Pool the value the Weighted Average Original LTV is recalculated at the time the new tranche is sold into the Cover Pool based on the balances of the loans at the time of the new advance.

  • With respect to STEP Loans, the Current indexed LTV and Original LTV do not include amounts drawn in respect of (i) Other STEP Products, or (ii) Additional STEP Loans which are not yet included in the cover pool, which in each case are secured by the same property.

  • Original LTV means the ratio of the principal balance of a Loan at its origination to the Value of the Property.

  • While similar data is not available for the smaller volume VA and rural housing loan programs, Original LTV distributions are believed to be similar.

  • For the period in question, virtually all Original LTV >90% lending had one or more of these characteristics.

  • With respect to any Insured Loan, The CLTV (as defined below) may not exceed the Original LTV, except for loans for which the CLTV is specifically disclosed to exceed the Original LTV on the Final File.


More Definitions of Original LTV

Original LTV means, in respect of all Mortgage Loans relating to a Borrower and secured on the same property, the ratio of the aggregate amount of the Principal Outstanding Balance of such Mortgage Loans as at the date such Mortgage Loans were originated to the original valuation of the relevant property completed when the Mortgage Loan was originated.
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Original LTV means the ratio of the principal balance of a Loan at its origination to the Value of the Property, as calculated according to the Company's standard procedures. 1.31Primary Policy" means the policy or guarantee issued by a mortgage guaranty insurance company approved for insurance of mortgage loans sold to either the Federal National Mortgage Association ("Fannie Mae"), or the Federal Home Loan Mortgage Corporation ("Freddie Mac"), which provides the minimum coverage required by Section 5.14 hereof, and under a form of policy approved by Fannie Mae or Freddie Mac and in general use for the mortgage loans sold to Fannie Mae or Freddie Mac, as applicable. Upon the Company's request, from time to time, the Insured shall provide to the Company a copy of the form of each Primary Policy under which it obtains coverage. 1.32
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Original LTV means, in respect of all Mortgage Loans secured on the same property, the ratio of the aggregate amount of the Principal Outstanding Balance as at the date such Mortgage Loans were originated to the original valuation of the relevant property completed when the Mortgage Loan was originated.The current LTV ("CLTV") in respect of a property is calculated by dividing the aggregate of the current Principal Outstanding Balance under each Mortgage Loan secured on the same property, by the original valuation.TermEach Mortgage Loan has an initial term no longer than 50 years, or such term at the end of which the Borrower will be no more than 75 years old.Borrowers
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Original LTV means, in relation to a Loan, the Original Principal Balance of the Loan and the original amount advanced under any Top-up Loan made prior to the Cut-Off divided by the most recent market valuation (for the purposes of the relevant Top-up Loan) held at the Cut-Off of the Land secured by the Mortgage securing that Loan.
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Original LTV means, in respect of all Mortgage Loans relating to a Borrower and secured on the same property, the ratio of the aggregate amount of the Principal Outstanding Balance of such Mortgage Loans as at the date such Mortgage Loans were originated to the original valuation of the relevant property completed when the Mortgage Loan was originated. Borrower Set-OffPursuant to the terms of the Mortgage Sale Agreement, the Originator will undertake to pay to the Fund an amount equal to the amount of any reduction in any payment due with respect to any Mortgage Loan sold to the Fund as a result of any exercise of any right of set-off by anyBorrower against the Fund which has occurred on or prior to the Closing Date or the relevant Additional Purchase Date (as applicable).Applicable law and jurisdictionThe Mortgage Sale Agreement will be governed by and construed in accordance with the laws of the Portuguese Republic. The courts of Lisbon will have exclusive jurisdiction to hear any disputes that may arise in connection therewith.Mortgage Servicing Agreement Servicing and Collection of ReceivablesPursuant to the terms of the Mortgage Servicing Agreement, the Fund will appoint the Servicer to provide certain services relating to the servicing of the Mortgage Assets and the collection of the Receivables in respect of such Mortgage Assets (the "Services"). Sub-ContractorThe Servicer may appoint any of the BES Group companies as its sub-contractor to carry out certain of the Services subject to certain conditions specified in the Mortgage Servicing Agreement including, but not limited to, the Servicer retaining liability to the Fund for those services performed by any Sub-Contractor. In certain circumstances the Fund may require the Servicer to assign any rights which the Servicer may have against a sub-contractor.Servicer's DutiesThe duties of the Servicer will be set out in the Mortgage Servicing Agreement, and will include, but not be limited to:
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Related to Original LTV

  • Original RRA shall have the meaning given in the Recitals hereto.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Original Loan Agreement has the meaning set forth in the Recitals to this Agreement.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Original Lease shall have the meaning given such term in the recitals to this Agreement.

  • Original Plan means any defined contribution plan which meets the requirements of Code Section 401 and referred to in Article XII of the Plan.

  • Original LLC Agreement has the meaning set forth in the recitals to this Agreement.

  • Original Limited Partner means any Person that is a Limited Partner as of the close of business on the date of the closing of the issuance of REIT Shares pursuant to the initial public offering of REIT Shares, and does not include any Assignee or other transferee, including, without limitation, any Substituted Limited Partner succeeding to all or any part of the Partnership Interest of any such Person.

  • Original Value The lesser of (a) the Appraised Value of a Mortgaged Property at the time the related Mortgage Loan was originated and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price paid for the Mortgaged Property by the Mortgagor at the time the related Mortgage Loan was originated.

  • Original Agreement has the meaning set forth in the recitals.

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

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

  • Original Loan-to-Value Ratio With respect to any Mortgage Loan, the ratio of the principal balance of such Mortgage Loan at origination, or such other date as is specified, to the Original Value of the related Mortgage Property.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Original Project means the Project described in the Original Financing Agreement.

  • Original package means the unbroken container or wrapping in which any drug or medicine is

  • Existing Agreement has the meaning set forth in the recitals hereto.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Approximate original contour means that surface configuration achieved by backfilling and grading of the mined area so that the reclaimed area, including any terracing or access roads, closely resembles the general surface configuration of the land prior to mining and blends into and complements the drainage pattern of the surrounding terrain, with all highwalls and spoil piles eliminated. Water impoundments may be permitted where the board determines that they are in compliance with section 34-33-120 (2)(h).

  • Original Loan Documents means the "Loan Documents" as defined in the Original Credit Agreement.

  • Underlying Loan Agreement means, with respect to any Loan, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Loan is made.

  • Original Signed Xxxxx Xxxxxxxx Xxxx Xxxxxxxxx, Union Representative

  • Original Pool Balance means the Pool Balance as of the Cutoff Date.

  • Original Lenders shall have the meaning assigned to such term in the recitals hereto.