Examples of Liquidated Mortgage Loan in a sentence
Any such purchased delinquent Mortgage Loan or any such Mortgage Loan secured by any such purchased Mortgaged Property shall be deemed to be a Liquidated Mortgage Loan during the Due Period preceding the Distribution Date on which such Purchase Price is to be distributed to Certificateholders.
A review by the Independent Reviewer will not be required for any Liquidated Mortgage Loan which does not have a loss to the Trust, nor for any Mortgage Loan meeting the criteria set forth above if it is paid in full.
To the extent that the Initial Reviewer concludes that a Mortgage Loan should be repurchased from the Trust by the Seller, but the Seller disagrees, the Seller, at its election, will repurchase the Mortgage Loan, make an indemnification payment in the case of a Liquidated Mortgage Loan or request that the Trust Agent appoint an Additional Reviewer to review the mortgage loan file and make a finding as to whether a Material Breach has occurred.
I, at I-25– 26 (defining “Realized Loss” as including “[w]ith respect to each Liquidated Mortgage Loan .
Outstanding Mortgage Loan: As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Mortgage Loan prior to such Due Date.