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Common use of Loan Type Clause in Contracts

Loan Type. No Mortgage Loan is a “pay option ARM,” “pick-a-payment” or similar type of mortgage loan or a home equity revolving line of credit.

Appears in 51 contracts

Samples: Mortgage Loan Purchase and Sale Agreement, Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-8), Non Delegated Application

Loan Type. No Mortgage Loan is a an interest only loan, “pay option ARM,” “pick-a-payment” or similar type of mortgage loan or a home equity revolving line of credit, reverse mortgage loan, co-operative loan or commercial loan.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Finance of America Companies Inc.), Master Repurchase Agreement (Finance of America Companies Inc.)

Loan Type. No Underlying Mortgage Loan is a “pay option ARM,” “pick-a-payment” or similar type of mortgage loan or a home equity revolving line of credit., reverse mortgage loan, co-operative loan or a commercial loan; and

Appears in 1 contract

Samples: Master Repurchase Agreement (UWM Holdings Corp)