Subordinate Mortgage Loans definition

Subordinate Mortgage Loans. Only Second Mortgage Loans Mortgage Loans permitted.
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Subordinate Mortgage Loans. Only second mortgage loans permitted. Committed/Uncommitted: Purchase Commitment required. Advance Rate: 100% of the lesser of (i) the Mortgage Note Amount or (ii) the Committed Purchase Price.
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Subordinate Mortgage Loans. Only Second Mortgage Loans or Third Mortgage Loans permitted. Committed/Uncommitted: Purchase Commitment required. Advance Rate: 100% of the lesser of (i) the Mortgage Note Amount or (ii) the Committed Purchase Price. Xxxxxxx Mac Direct Purchase Mortgage Loan Definition: Multi-Family Loans sold to Xxxxxxx Mac pursuant to the Xxxxxxx Xxx XXXX.
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Examples of Subordinate Mortgage Loans in a sentence

  • We have not recognized any impairment of goodwill during the last three years.

  • Subordinate Mortgage Loans: Also known as down payment assistance, loans to assist eligible homebuyers by filling all or part of the gap between the cost to purchase an eligible home and an affordable first mortgage amount plus the buyer’s down payment.

  • As argued by Harold Saunders, former Assistant Secretary of State, “human beings do not negotiate about their identities, fears, suspicions, anger, historic grievances, security, dignity, honor, justice, rejection, or acceptance” (Saunders 1996: 420).

  • The purpose for which the 2021 Series K-1/2 Bonds are being issued is to provide funds for deposit in the Accounts established pursuant to the General Resolution as set forth in Article IV hereof in order to finance the Long-Term Portions of the 2021 Series K Senior Mortgage Loans, part of the Short-Term Portions of the 2021 Series K Senior Mortgage Loans, and the 2021 Series K Subordinate Mortgage Loans.

  • Upon receipt by the Trustee of a written direction from an Authorized Officer of the Corporation, the Trustee shall transfer the amount of such proceeds specified in such direction to the Corporation in order to reimburse the Corporation for a portion of the amounts advanced by the Corporation to make 2022 Series F Existing Subordinate Mortgage Loans.

  • For purposes of the requirements of subsection (A) of Section 7.16 of the General Resolution, the 2020 Series I Senior Mortgage Loans and the 2020 Series I Subordinate Mortgage Loans shall be valued at the percentages of their respective outstanding principal balances set forth in Exhibit A-1 and Exhibit A-2, respectively, and the 2020 Series I Additional Mortgage Loans shall be valued at 100% of their respective outstanding principal balances.

  • With respect to certain of the 2020 Series I Senior Mortgage Loans and 2020 Series I Subordinate Mortgage Loans specified in Exhibit A-1 and Exhibit A-2 hereto, the proceeds of the 2020 Series I Bonds to be used to finance such 2020 Series I Mortgage Loans will be allocated to the funding of costs of certain portions of the related Projects as set forth in Exhibit B hereto.

  • The Mortgage Loans made subject to the lien of the General Resolution in connection with the issuance of the 2023 Series B Bonds are the 2023 Series B Subordinate Mortgage Loans.

  • The purpose for which the 2022 Series F-1/2 Bonds are being issued is to provide funds for deposit in the Accounts established pursuant to the General Resolution as set forth in Article IV hereof in order to finance the Long-Term Portions of the 2022 Series F Senior Mortgage Loans, part of the Short-Term Portions of the 2022 Series F Senior Mortgage Loans, and the 2022 Series F Subordinate Mortgage Loans.

  • In the first step, a search was made for descriptions of the design attributes of Basel II and the credit processes with respect to commercial credits.


More Definitions of Subordinate Mortgage Loans

Subordinate Mortgage Loans. Only Second Mortgage Loans or Third Mortgage Loans permitted, if permitted under the Xxxxxxx Xxx XXXX.
Sample 1Sample 2
Subordinate Mortgage Loans. Only Second Mortgage Loans or Third Mortgage Loans permitted if permitted under the Xxxxxxx Xxx XXXX. Committed/Uncommitted: Purchase Commitment required. Advance Rate: 100% of the lesser of (i) the Mortgage Note Amount or (ii) the Committed Purchase Price. Exhibit E Authorized Representatives Xxxxxxx X. Xxxxxxxx Xxxxx Mighty Xxxxxx X. Xxxxx III Xxxxxxx X. Xxxxxx Xxxxx X. Xxxxxx Xxxxxxxx Xxxxxxx (Langhoffer) Xxxxxxx Xxxxxx Xxxxxxx Xxxxxxxxxx Xxx Xxxxxxxxx Xxxxxxx Xxxxx Xxxxx Xxxxxx Xxxxxxx Xxxx Xxxxxxxx Xxxxxx Xxxx Xxxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxx Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx Xxxx Xxx Xxx Xxxxxx Xxxxxxxxx Xxxxxxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxx Shonosky Xxxxxx Xxxxx Xxxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxxx Xxxxx Xxxxx XxXxxxx Exhibit F Subsidiaries of Borrower [Intentionally omitted[ Exhibit G Assumed Names None Exhibit H Servicing Portfolio Xxxxxx & Dunlop, Inc. Loan Servicing Portfolio Portfolio Size, Number of Loans As of June 30, 2017 H-1 Product / Investor Loan Count Fannie 2,118 Fannie-Small Loan 312 Xxxxxxx 1,332 Xxxxxx Mae HUD 1,152 A10 Capital 1 Aegon 36 AIG 25 Allstate 7 American Equity 28 American National Insurance 9 American United Life 56 Xxxxxxx 3 Ameritas 58 Assurant Asset Management 6 Athene 61 Berkadia 1 Blue Vista 1 CDT 9 Colfin 1 Continental Casualty Company 1 CorAmerica 7 CUNA/MEMBERS Capital Advisors 53 Everbank 17 Farm Bureau Insurance of Michigan 6 Genworth 35 Great West 3 Guardian Life 1 Xxxxxxxxxx 0 XX Xxxxxx Chase 6 Kansas City Life Insurance Company 73 Life Insurance Company of the Southwest 4 Lincoln National 53 Minnesota Life Ins Co 43 Mutual of Omaha Life Insurance Co 9 National Life Insurance Company 1 Nationwide 47 Ohio National Financial Svcs. 6 Principal Real Estate 2 Protective Life 20 RiverSource 8 Security Mutual Life of New York 1 SG Capital 7 Southern Farm Bureau Life 00 Xxxxx Xxxx 0 Xxx Xxxx xx Xxxxxx 9 Symetra 230 Thrivent Financial for Lutherans 21 Unum 6 Voya 14 W&D Interim Loan Fund 14 Woodmen of the World 12 Combined Total 5,954 Exhibit I
Sample 1
Subordinate Mortgage Loans. Only second mortgage loans permitted. Committed/Uncommitted: Purchase Commitment required. Advance Rate: 100% of the lesser of (i) the n outstanding Mortgage Note Amount or (ii) the Committed Purchase Price. Xxxxxxx Mac Multifamily Optigo Loan Definition: Multi-Family Loans sold to Xxxxxxx Mac pursuant to the Xxxxxxx Mac Multifamily Optigo Seller/Servicer program. This definition shall include any permanent Multi-Family Loan on a Multifamily Property originated by the Borrower pursuant to a Xxxxxxx Mac credit facility provided by Xxxxxxx Mac, and in accordance with the Xxxxxxx Mac Multifamily Optigo Seller/Servicer program. Provided however, that in connection with any aforementioned permanent Multi-Family Loan on a Multifamily Property originated by the Borrower pursuant to a Xxxxxxx Mac credit facility, in lieu of delivering a bailee letter in the form attached to the Credit Facility Agreement as Exhibit N-3, Borrower shall cause Xxxxxxx Mac’s counsel to deliver to Administrative Agent a bailee letter based on Xxxxxxx Mac’s then form bailee letter, as revised to include the following provision: “Xxxxxxx Mac shall hold the Note and Additional Documents as bailee for the benefit of Administrative Agent until (i) Xxxxxxx Mac purchases the subject Multi-Family Loan, or (ii) Xxxxxxx Mac returns to Administrative Agent, as set forth below, the Note and any Additional Documents delivered by Administrative Agent. Administrative Agent agrees that Administrative Agent’s security interest in the Note and Additional Documents shall terminate and be cancelled without further action upon delivery by Xxxxxxx Mac of the Purchase Price. In the event that Xxxxxxx Mac does not purchase the Multi-Family Loan, Xxxxxxx Mac will execute and deliver to Administrative Agent one or more assignments, in recordable form, of the Security Instruments (as defined in the Master Agreement) securing the Note and will endorse the Note in blank but without recourse (assuming the Note has been endorsed to Xxxxxxx Mac), and sever any applicable loan documents in connection with the Master Agreement as necessary; and Administrative Agent agrees that Xxxxxxx Mac’s status as bailee for Administrative Agent shall terminate and be cancelled without further action upon delivery to Administrative Agent of the Note (endorsed as aforesaid) and Additional Documents, as described in (ii) above, together with such executed assignment of the Security Instruments.”
Sample 1
Subordinate Mortgage Loans. Only second mortgage loans permitted. Committed/Uncommitted: Purchase Commitment required. Advance Rate: 100% of the lesser of (i) the n outstanding Mortgage Note Amount or (ii) the Committed Purchase Price. Xxxxxxx Mac Program Plus Loan Definition: Multi-Family Loans sold to Xxxxxxx Mac pursuant to the Xxxxxxx Mac Program Plus Seller/Servicer program. This definition shall include any permanent Multi-Family Loan on a Multifamily Property originated by the Borrower pursuant to a Xxxxxxx Mac credit facility provided by Xxxxxxx Mac, and in accordance with the Xxxxxxx Mac Program Plus Seller/Servicer program.
Sample 1
Subordinate Mortgage Loans. Only Second Mortgage Loans or Third Mortgage Loans permitted if permitted under the Xxxxxxx Xxx XXXX. Committed/Uncommitted: Purchase Commitment required. Advance Rate: 100% of the lesser of (i) the Mortgage Note Amount or (ii) the Committed Purchase Price.
Sample 1
Subordinate Mortgage Loans. Only Second Mortgage Loans or Third Mortgage Loans permitted if permitted under the Xxxxxxx Xxx XXXX. Committed/Uncommitted: Purchase Commitment required. Advance Rate: 100% of the lesser of (i) the Mortgage Note Amount or (ii) the Committed Purchase Price. Exhibit N-1 Form of Escrow and Bailee Letter Date Attn: XXXXXXXX Closing Agent Phone #: (xxx) xxx-xxxx Fax #: (xxx) xxx-xxxx
Sample 1

Related to Subordinate Mortgage Loans

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

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

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

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

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

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

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • 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 I-A Distribution Amount for the Class I-A-11 Certificates required to be distributed to Holders of the Class I-A-11 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 I-A Certificates in accordance with the provisions of the Agreement. The pass-through rate on the Class I-A-11 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 I-A-11 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.

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

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

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

  • 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.

  • 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.

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

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Balloon Mortgage Loan A Mortgage Loan that provides for the payment of the unamortized principal balance of such Mortgage Loan in a single payment at the maturity of such Mortgage Loan that is substantially greater than the preceding monthly payment.

  • Group II Mortgage Loan A Mortgage Loan assigned to Loan Group II with a principal balance at origination that may or may not conform to Freddie Mac and Fannie Mae loxx xxxxts.

  • Class P Mortgage Loan Any of the Class I-P, Class II-P or Class III-P Mortgage Loans.

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

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

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

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

  • Eligible Mortgage Loan means, on any date of determination, a Mortgage Loan: