Home Equity Loan means a loan or funded or unfunded portions of a line of credit secured by a mortgage on a one-to four-family residences or stock of cooperative housing association, where the Failed Bank did not have a first lien on the same property as collateral.
Home Equity Loan includes the terms "First Mortgage Loan" and "Second Mortgage Loan". The term "Home Equity Loan" includes any Home Equity Loan which is Delinquent, which relates to a foreclosure or which relates to a Property which is REO Property prior to such Property's disposition by the Trust. Any home equity loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Depositor, in fact was not transferred and assigned to the Trust for any reason whatsoever, including, without limitation, the incorrectness of the statement set forth in Section 3.04(b)(x) hereof with respect to such home equity loan, shall nevertheless be considered a "Home Equity Loan" for all purposes of this Agreement.
Home Equity Loan includes any Home Equity Loan which is Delinquent, which relates to a foreclosure or which relates to a Property which is REO Property prior to such Property's disposition by the Trust. Any home equity loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Depositor, in fact was not transferred and assigned to the Trust for any reason whatsoever, including, without limitation, the incorrectness of the statement set forth in Section 3.04(b)(x) hereof with respect to such home equity loan, shall nevertheless be considered a "Home Equity Loan" for all purposes of this Agreement.
Examples of Home Equity Loan in a sentence
Home Equity Loan – Secured by the borrower’s home in case the funds are not paid-back.
At the present time, you may use Mobile Banking to: Withdraw funds from your Savings, Checking, Overdraft Loan, Home Equity Loan, and Money Market accounts by requesting a check.
At the present time, you may use Online Banking to: Withdraw funds from your Savings, Checking, Overdraft Loan, Home Equity Loan, and Money Market accounts by requesting a check.
At the present time, you may use Audio Banking to: Withdraw funds from your Savings, Checking, Overdraft Loan, Home Equity Loan, and Money Market accounts by requesting a check.
At the present time, you may use Audio Banking to: ❖ Withdraw funds from your Savings, Checking, Overdraft Loan, Home Equity Loan, and Money Market accounts by requesting a check.
More Definitions of Home Equity Loan
Home Equity Loan. Such of the home equity loans (together with the related Mortgage Notes and Mortgages) transferred and assigned to the Trust pursuant to Section 2.01 and pursuant to the Transfer Agreement together with the Related Documents, as from time to time are held as a part of the Trust, the home equity loans originally so held being identified in the Home Equity Loan Schedule delivered on the Closing Date. As applicable, the term Home Equity Loan shall be deemed to refer to the Mortgaged Property that has been converted to ownership by the Master Servicer prior to the final recovery of related Liquidation Proceeds.
Home Equity Loan means any loan secured by the borrower's primary residence where the proceeds are not used as purchase money for the residence.
Home Equity Loan means a closed-end or revolving Residential Mortgage Loan secured by a Mortgage with no lower priority than a second mortgage priority on the applicable Mortgaged Property.
Home Equity Loan means an open-ended revolving line of credit that is a Mortgage Loan secured by either a First Mortgage or a Second Mortgage, which is not a High LTV Mortgage Loan or a Title I Mortgage Loan.
Home Equity Loan means any loan secured by the borrower's
Home Equity Loan means a loan or funded or unfunded portions of a line of credit secured by a mortgage on a one-to four-family residences or stock of cooperative housing association, where the Failed Bank did not have a first lien on the same property as collateral. Module 1 — Whole Bank w/ Loss Share — P&A Bank of Florida — Southwest Version 2.05 Naples, Florida April 26, 2010 52
Home Equity Loan means those Consumer Loans that are coded as home equity products on Credit Union’s core system.