Subprime Loans definition

Subprime Loans means residential mortgage loans, which are Subprime and are offered by ILSI through the Website or through portals, other co-branded sites or call centers.
Sample 1Sample 2Sample 3
Subprime Loans. An Eligible Mortgage Loan consisting of non-conforming "A-" through "C-" quality rated loans, as determined by the Lender, in its sole discretion.
Sample 1

Examples of Subprime Loans in a sentence

  • The obligation to purchase any Subprime Loans identified in a Confirmation does not extend to any Loans that would violate any representation and warranty by Seller contained in the LPA.

  • Thus, either or both MC and ILSI may conduct specific processing tasks for Subprime Loans prior to closing and funding; however, the parties agree to work together to ensure that the services provided are not duplicative.

  • The first contract year under this Agreement with respect to Subprime Loans shall begin on the Commencement Date and end on the date 12 months following the Commencement Date.

  • The parties shall cooperate with each other to develop mutually acceptable quality control standards for Subprime Loans, which the parties shall work together to maintain.

  • ILSI will provide, through the Website and/or other means, in its discretion, customer disclosures concerning the participation of MC in Subprime Loan transactions as it deems necessary and desirable to fully comply with all legal obligations applicable to the Website and the parties, including affiliated business arrangement disclosures under RESPA, and disclosures concerning the source of funding of Subprime Loans.

  • ILSI shall not offer first lien Subprime Loans in principal amounts less than $40,000.

  • MC shall use its best efforts to enter into arrangements with Participating Lenders for the purchase of Subprime Loans originated through the Website in accordance with this Agreement.

  • For all Subprime Loans which will be funded and closed by MC, MC shall disclose to the borrower prior to the borrower's binding commitment for the loan (or at an earlier time, as required by law and in the mutual judgment of ILSI and MC) the name of the servicer to whom the loan will be transferred.

  • ILSI shall offer online debt counseling services to assist all ILSI customers and particularly customers of Subprime Loans.

  • The parties shall work together to begin offering Subprime Loans under the terms of this Agreement by May 31, 1999, or as soon thereafter as practicable (the "Commencement Date").

Related to Subprime Loans

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Loan or Loans means, as the context may require, Revolving Loans and/or Swing Line Loans.

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment or a Loan Modification Agreement.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

  • Refinance Loan Any Mortgage Loan the proceeds of which are used to refinance an Original Mortgage Loan.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Eurodollar Rate Loans means Loans bearing interest at rates determined by reference to the Adjusted Eurodollar Rate as provided in subsection 2.2A.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • LIBOR Loans means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Extended Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Permitted Loans means: