HUD Compare Ratio Sample Clauses
HUD Compare Ratio. Section 17.18 of the Repurchase Agreement is amended and restated in its entirety as follows:
HUD Compare Ratio. The Seller’s HUD Compare Ratio, as of the month ended _____________, 20__, is ________ to 1.00.
HUD Compare Ratio. The Seller’s HUD Compare Ratio, as of the last Business Day of the period covered by this certificate, was to 1.00. Ratio (expressed as a percentage of): percentage of Seller’s Mortgage Loan originations under the FHA single family mortgage insurance program that were seriously delinquent or were claim terminated in the first two years after origination % to percentage of all Mortgage Loan originations under the FHA single family mortgage insurance program that were seriously delinquent or were claim terminated in the first two years after origination % Ratio (two year):
HUD Compare Ratio. Permit the Sellers’ HUD Compare Ratio to be greater than [***] at any time, determined for each period set forth in the definition thereof.
HUD Compare Ratio. As of the end of each month, the HUD Compare Ratio shall be no more than 1.50 to 1.00.
HUD Compare Ratio. The HUD Compare Ratio, measured as of the last Business Day of each calendar month, shall not be more than 150%.
HUD Compare Ratio. The Seller’s HUD Compare Ratio, as of the last Business Day of the period covered by this certificate, was to 1.00.
5. Describe and give details regarding (i) notices received by Seller requesting or demanding that Seller repurchase (or pay indemnity or other compensation in respect of) Mortgage Loans previously sold or otherwise disposed of by the Seller to any Investor or other Person pursuant to any express or implied repurchase or indemnity obligation as per Section 16.5, and (ii) actual repurchase and indemnity payments made by Seller to any Person. (attach schedule or explanation).
HUD Compare Ratio. As of the end of each month, the HUD Compare Ratio shall be no more than 1.50 to 1.00.”
2.12. Exhibit A to the Master Repurchase Agreement is hereby amended in its entirety to read as set forth in Exhibit A hereto.
2.13. Exhibit C to the Master Repurchase Agreement is hereby amended in its entirety to read as set forth in Exhibit C hereto.
2.14. A new Exhibit J to the Master Repurchase Agreement is hereby added to read as set forth in Exhibit J hereto.
2.15. A new Exhibit K to the Master Repurchase Agreement is hereby added to read as set forth in Exhibit K hereto.
2.16. Schedule AI to the Master Repurchase Agreement is hereby amended in its entirety to read as set forth in Schedule AI hereto.
2.17. Schedule 15.3 to the Master Repurchase Agreement is hereby amended in its entirety to read as set forth in Schedule 15.3 hereto.
HUD Compare Ratio. As of the end of each month, the HUD Compare Ratio shall be no more than 1.50 to 1.00.
2.16. Section 18.1(m) of the Repurchase Agreement is amended by replacing the phrase “Purchased Loads” with the phrase “Purchased Loans”.
2.17. Section 22.5(a) of the Repurchase Agreement is amended to read in its entirety as follows:
(a) agree or consent to any change in the aggregate not involving more than One Million Five Hundred Thousand Dollars ($1,500,000) of the Purchased Loans at any time in the handling of the Purchased Loans and which in the Agent’s reasonable judgment is unlikely to have a material adverse effect on any of the Central Elements in respect of the Seller or any of its Subsidiaries (for purposes of clarity, this allows the Agent to temporarily suspend the effects of one or more of the sublimits set forth in Section 4.2(c) or one or more Disqualifiers for Purchased Loans, if the Agent in its sole and absolute discretion determines that such Disqualifier may be resolved or corrected and to allow funding of a Wet Loan one Business Day after the advance of funds for the purchase of such Wet Loan, in each case within the limitation set forth in this Section 22.5(a));
2.18. Section (v)(12) of Schedule 15.3 to the Repurchase Agreement is amended and restated in its entirety as follows:
HUD Compare Ratio. The Seller’s HUD Compare Ratio, as of the month ended , 20 , is to 1.00.