IO LOANS Sample Clauses

IO LOANS. Wtd Avg Percent of Wtd Avg Wtd Avg Wtd Avg Wtd Avg FICO Low FICO High Current Balance Current Balance GWAC % MI FICO DTI LTV % SFD % PUD -------- --------- --------------- --------------- ---- ---- ---- --- --- ----- ----- 500 524 525 549 550 574 269,749.91 0.10 6.551 0.00 566 32.37 72.03 100.00 0.00 575 599 322,747.16 1.17 6.606 0.00 589 37.64 79.83 74.95 16.31 600 624 275,655.51 1.14 6.501 0.00 613 39.53 83.53 81.36 5.64 625 649 281,688.36 1.04 6.490 0.00 638 36.96 83.17 57.71 23.01 650 674 329,628.56 4.34 6.367 0.00 666 38.49 81.93 66.05 14.30 675 699 329,315.05 4.42 6.274 0.00 688 39.68 80.78 70.39 11.51 700 724 309,335.68 2.65 6.275 0.00 711 39.77 80.74 67.78 15.89 725 749 301,552.17 1.60 6.127 0.00 737 37.18 80.65 62.78 17.13 750 774 310,389.23 1.29 6.088 0.00 760 37.95 81.28 56.18 18.21 775 799 352,121.43 0.22 5.794 0.00 790 38.12 79.71 12.93 43.83 800 max 225,200.00 0.04 5.830 0.00 802 33.54 80.00 66.61 0.00 FICO Low % Owner Occ % Full Doc % Ltd Doc % Stated Doc % Int Only % CA % NY % FL -------- ----------- ---------- --------- ------------ ---------- ----- ---- ---- 500 525 550 100.00 52.55 0.00 47.45 100.00 100.00 0.00 0.00 575 100.00 70.39 23.18 6.43 100.00 83.16 0.00 0.00 600 98.71 78.82 21.18 0.00 100.00 71.22 0.00 0.97 625 94.93 55.71 34.16 10.13 100.00 67.49 0.00 4.63 650 96.75 48.61 14.99 36.40 100.00 82.11 0.00 2.14 675 97.20 35.31 7.50 57.19 100.00 82.54 0.00 1.83 700 96.28 35.98 13.81 50.21 100.00 74.21 0.57 1.44 725 93.30 43.89 6.42 49.68 100.00 87.04 0.00 1.43 750 97.69 35.32 9.10 55.58 100.00 80.27 0.00 0.00 775 100.00 81.95 18.05 0.00 100.00 77.36 0.00 0.00 800 max 100.00 33.39 0.00 66.61 100.00 66.61 0.00 0.00
Sample 1
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IO LOANS. Row - % Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg FICO Low FICO High Total Collateral Curr. Bal./Loan FICO DTI LTV GWAC % SFD % PUD % Owner Occ % Investor -------- --------- ---------------- --------------- ---- --- --- ---- ----- ----- ----------- ---------- 500 524 0.05% $186,000 521 72.94% 6.50% 100.00% 0.00% 100.00% 0.00% 525 574 2.33% $257,744 564 78.15% 7.09% 74.35% 21.72% 100.00% 0.00% 575 599 6.75% $287,731 588 75.64% 6.67% 72.00% 22.55% 97.21% 2.79% 600 619 6.94% $332,527 610 78.10% 6.59% 74.34% 16.97% 96.46% 0.46% 620 639 7.60% $342,290 629 78.13% 6.56% 65.71% 16.58% 97.06% 2.94% 640 659 0.29% $301,174 648 85.62% 7.36% 14.89% 64.15% 100.00% 0.00% 660 679 0.31% $233,185 668 75.06% 6.52% 47.12% 25.08% 72.20% 27.80% 680 699 0.18% $232,495 687 88.60% 6.97% 18.74% 48.90% 100.00% 0.00% 700 724 0.07% $228,500 711 99.35% 6.75% 100.00% 0.00% 100.00% 0.00% 725 749 0.23% $397,637 734 90.00% 5.85% 100.00% 0.00% 100.00% 0.00% 750 max 0.20% $249,526 773 87.35% 6.29% 73.51% 0.00% 100.00% 0.00% FICO Low % 2+ family % Full Doc % Ltd Doc % No Doc % MI % Int Only % CA % NY % FL IO 24 IO 36 IO 60 -------- ----------- ---------- --------- -------- ---- ---------- ---- ---- ---- ----- ----- ----- 500 0.00% 100.00% 0.00% 0.00% 0.00% 100.00% 100.00% 0.00% 0.00% 0.00% 100.00% 0.00% 525 0.00% 69.70% 0.00% 0.00% 0.00% 100.00% 27.08% 0.00% 16.06% 32.16% 31.27% 36.56% 575 0.59% 81.77% 0.00% 0.00% 0.00% 100.00% 52.47% 0.00% 9.70% 38.32% 26.13% 35.55% 600 1.82% 81.98% 0.00% 0.00% 0.00% 100.00% 37.37% 5.70% 22.42% 26.81% 36.46% 36.73% 620 12.41% 66.55% 0.00% 0.00% 0.00% 100.00% 51.67% 3.77% 14.35% 39.31% 33.25% 27.44% 640 0.00% 79.03% 0.00% 0.00% 0.00% 100.00% 49.45% 0.00% 14.69% 49.45% 20.97% 29.58% 660 27.80% 72.20% 0.00% 0.00% 0.00% 100.00% 51.33% 0.00% 0.00% 23.53% 9.90% 66.57% 680 0.00% 51.10% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 48.90% 32.36% 18.74% 700 0.00% 100.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 725 0.00% 47.85% 0.00% 0.00% 0.00% 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 100.00% 750 0.00% 73.51% 0.00% 0.00% 0.00% 100.00% 74.83% 0.00% 0.00% 0.00% 0.00% 100.00%
Sample 1
IO LOANS. Wtd Number % of Avg of Total Total Wtd Wtd Comb Pct Pct Pct Pct Mortgage Current Current Avg Pct Avg Orig Full Owner Single Cashout IO Loans Loans Balance Balance Coupon ARM FICO LTV Doc Occ Family Refi ------------------------------------------------------------------------------------------------------------------------------- Interest Only Loans 797 253,980,326.01 25.74 6.080 100.00 667 81.97 49.84 98.50 71.62 32.92 Other 4,331 732,676,571.83 74.26 7.180 73.95 634 82.37 42.49 93.44 71.33 40.11 ------------------------------------------------------------------------------------------------------------------------------- Total: 5,128 986,656,897.84 100.00 6.897 80.65 642 82.27 44.38 94.75 71.41 38.26 -------------------------------------------------------------------------------------------------------------------------------
Sample 1

Related to IO LOANS

  • Bridge Loans For purposes of determining the maturity date of any Indebtedness, customary bridge loans that are subject to customary conditions (including no payment or bankruptcy event of default) that would automatically either be extended as, converted into or required to be exchanged for, permanent refinancing shall be deemed to have the maturity date as so extended, converted or exchanged.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Revolving Loan Borrowings (i) Each Borrowing of Revolving Loans shall be made on notice given by a Borrower to the Revolving and LC Administrative Agent not later than 11:00 a.m. (New York time) (A) on the Business Day of the proposed Borrowing, in the case of a Borrowing of Base Rate Loans and (B) three Business Days prior to the date of the proposed Borrowing, in the case of a Borrowing of Eurodollar Rate Loans. Each such notice shall be in substantially the form of Exhibit C-2 (a “Notice of Revolving Borrowing”) (or shall be made by telephone and the same information shall be confirmed promptly thereafter in writing), specifying (1) the date of such proposed Borrowing, (2) the aggregate amount of such proposed Borrowing, (3) whether any portion of the proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (4) the initial Interest Period or Interest Periods for any such Eurodollar Rate Loans, and (5) remittance instructions. The Revolving Loans shall be made as Base Rate Loans unless, subject to Section 2.17, the Notice of Revolving Borrowing specifies that all or a portion thereof shall be Eurodollar Rate Loans. Each Borrowing of Revolving Loans shall be in an aggregate amount that is an integral multiple of $1,000,000.00 (or $500,000.00 with respect to Swing Loans) and shall be allocated ratably in accordance with each Revolving Lender’s Revolving Commitment.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Acquisition Loans The proceeds of the Acquisition Loans may be used only for the following purposes: (i) for working capital and general corporate purposes, including, without limitation, the issuance of Letters of Credit and to pay outstanding Floor Plan Loans; and (ii) to make Permitted Acquisitions.

  • Existing Loans Schedule 3.14(a) attached hereto lists, as of the date of this Agreement, (i) all secured Indebtedness presently encumbering the Property or any direct or indirect interest in the Company, and (ii) all unsecured Indebtedness of the Company or any Company Subsidiary (collectively, the “Existing Company Loans”), and the outstanding aggregate principal balance of each such Existing Company Loan as of April 30, 2019. Except as set forth on Schedule 3.14(b) attached hereto, the Existing Company Loans and the documents entered into in connection therewith (such notes, deeds of trust and all other documents or instruments evidencing or securing such Existing Company Loans including any financing statements, and any amendments, modifications, and assignments of the foregoing shall be referred to collectively as the “Existing Company Loan Documents”) are in full force and effect as of the Closing Date. True, correct and complete copies of the Existing Company Loan Documents (other than financing statements, ancillary certificates and other similar ancillary documents) have been made available to MAMP. No material breach or material default by the Company or any Company Subsidiary has occurred under any Existing Company Loans. Except as set forth on Schedule 3.14(c) attached hereto, no event has occurred and is continuing which with the passage of time or the giving of notice (or both) would constitute a material breach or default under any of such Existing Company Loan Documents, nor has the Company received or given written notice of a default under any Existing Company Loan Documents, which remains uncured.

  • Swing Loans (a) Subject to the terms and conditions set forth in this Agreement, and in order to minimize the transfer of funds between Lenders and Agent for administrative convenience, Agent, Lenders holding Revolving Commitments and Swing Loan Lender agree that in order to facilitate the administration of this Agreement, Swing Loan Lender may, at its election and option made in its sole discretion cancelable at any time for any reason whatsoever, make swing loan advances (“Swing Loans”) available to Borrowers as provided for in this Section 2.4 at any time or from time to time after the date hereof to, but not including, the expiration of the Term, in an aggregate principal amount up to but not in excess of the Maximum Swing Loan Advance Amount, provided that the outstanding aggregate principal amount of Swing Loans and the Revolving Advances at any one time outstanding shall not exceed an amount equal to the lesser of (i) the Maximum Revolving Advance Amount less the Maximum Undrawn Amount of all outstanding Letters of Credit or (ii) the Formula Amount. All Swing Loans shall be Domestic Rate Loans only. Borrowers may borrow (at the option and election of Swing Loan Lender), repay and reborrow (at the option and election of Swing Loan Lender) Swing Loans and Swing Loan Lender may make Swing Loans as provided in this Section 2.4 during the period between Settlement Dates. All Swing Loans shall be evidenced by a secured promissory note (the “Swing Loan Note”) substantially in the form attached hereto as Exhibit 2.4(a). Swing Loan Lender’s agreement to make Swing Loans under this Agreement is cancelable at any time for any reason whatsoever and the making of Swing Loans by Swing Loan Lender from time to time shall not create any duty or obligation, or establish any course of conduct, pursuant to which Swing Loan Lender shall thereafter be obligated to make Swing Loans in the future.

  • Revolver Loans Each Lender agrees, severally on a Pro Rata basis up to its Revolver Commitment, on the terms set forth herein, to make Revolver Loans to Borrowers from time to time through the Commitment Termination Date. The Revolver Loans may be repaid and reborrowed as provided herein. In no event shall Lenders have any obligation to honor a request for a Revolver Loan if the unpaid balance of Revolver Loans outstanding at such time (including the requested Loan) would exceed the Borrowing Base.

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