Ability to Repay. Before originating the Mortgage Loan, the originator made a reasonable and good faith determination that the borrower would have a reasonable ability to repay the loan according to its terms, in accordance with the “ability to repay” standards of the federal Truth in Xxxxxxx Xxx, 00 X.X.X. 0000x(x), and Regulation Z, 12 C.F.R. 1026.43, as may be amended from time to time.
Appears in 2 contracts
Samples: Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.), Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.)
Ability to Repay. Before originating the Purchased Mortgage Loan, the originator made a reasonable and good faith determination that the borrower would have a reasonable ability to repay the loan according to its terms, in accordance with the “ability to repay” standards of the federal Truth in Xxxxxxx Xxx, 00 X.X.X. 0000x(x), and Regulation Z, 12 C.F.R. 1026.43, as may be amended from time to time.
Appears in 1 contract
Samples: Master Repurchase Agreement and Securities Contract (loanDepot, Inc.)
Ability to Repay. Before originating the Mortgage Loan, the originator made a reasonable and good faith determination that the borrower would have a reasonable ability to repay the loan according to its terms, in accordance with the “ability to repay” standards of the federal Truth in Xxxxxxx XxxLending Act, 00 X.X.X. 0000x(x15 U.S.C. 1639c(a), and Regulation Z, 12 C.F.R. 1026.43, as may be amended from time to time.
Appears in 1 contract
Samples: Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.)
Ability to Repay. Before originating the Purchased Mortgage Loan, the originator made a reasonable and good faith determination that the borrower would have a reasonable ability to repay the loan according to its terms, in accordance with the “ability to repay” standards of the federal Truth in Xxxxxxx Xxx, 00 X.X.X. 0000x(x), and Regulation Z, 12 C.F.R. 1026.43, as may be amended from time to time.. (sss)
Appears in 1 contract
Samples: Master Repurchase Agreement and Securities Contract (loanDepot, Inc.)