Appraisals; Loan to Value Ratio. (a) To the best of Broker's knowledge, the actual loan-to-value ratio of each Loan will not exceed the maximum amount permitted under the Guidelines or by Investors and Insurers for such Loan.
Appraisals; Loan to Value Ratio. The loan-to-value ratio of each Mortgage Loan did not, at the time of origination, exceed the maximum amount permitted by the Applicable Requirements for such Mortgage Loan. The appraisal prepared in connection with each Mortgaged Property provided an accurate estimate of bona fide market value of the Mortgaged Property at the time of origination, was prepared by a qualified appraiser with no direct or indirect interest in the Mortgaged Property, and both the appraisal and the appraiser satisfied all Applicable Requirements;
Appraisals; Loan to Value Ratio. At the time of origination, the actual loan-to-value ratio of each Mortgage Loan did not exceed the maximum amount permitted by the applicable Investor and/or Insurer for such Mortgage Loan and no action has been taken to increase the loan-to-value ratio beyond the maximum permissible amount. To Seller’s knowledge, as of the date the Mortgage Loan was originated, the appraisal prepared in connection with each Mortgaged Property provided an accurate estimate of bona fide market value of the Mortgaged Property at the time of origination. Such appraisal was prepared by a qualified appraiser with no direct or indirect interest in the Mortgaged Property.
