Day Delinquent Mortgage Loan. For any Collection Period, any Mortgage Loan that is (i) more than 60 days delinquent, (ii) for which the related Mortgagor has filed for bankruptcy protection, (iii) that is in foreclosure, or (iv) with respect to which the related Mortgaged Property is characterized as REO Property as of the end of such Collection Period.
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Samples: Sale and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H2), Sale and Servicing Agreement (Indymac MBS Inc)
Day Delinquent Mortgage Loan. For any Collection Due Period, any Mortgage Loan that is (i) 60 or more than 60 days delinquent, (ii) for which the related Mortgagor borrower has filed for bankruptcy protection, (iii) that is in foreclosure, or (iv) with respect to which the related Mortgaged Property is characterized as REO Property as of the end of such Collection Due Period.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (First Horizon Asset Securities Inc), Sale and Servicing Agreement (Terwin Securitization LLC)
Day Delinquent Mortgage Loan. For any Collection Period, any Mortgage Loan that is (i) more than 60 days delinquent, (ii) for which the related Mortgagor has filed for bankruptcy protectionprotection or is otherwise the subject of a bankruptcy or similar insolvency preceding, (iii) that is in foreclosure, or (iv) with respect to which the related Mortgaged Property is characterized as REO Property as of the end of such Collection Period.
Appears in 1 contract
Samples: Sale and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H4)
Day Delinquent Mortgage Loan. For any Collection Due Period, any Mortgage Loan that is (i) more than 60 days delinquentDelinquent, (ii) for which the related Mortgagor borrower has filed for bankruptcy protection, (iii) that is in foreclosure, or (iv) with respect to which the related Mortgaged Property is characterized as REO Property as of the end of such Collection Due Period.
Appears in 1 contract
