Maximum Cash Out. If the Mortgage Loan was made to a Mortgagor who owned the Mortgaged Property prior to the origination of such Mortgage Loan and the proceeds of which were used in whole or part to satisfy an existing mortgage, the proceeds of the Mortgage Loan did not exceed the amount of the existing mortgage by more than $150,000.
Appears in 3 contracts
Samples: Mortgage Loan Repurchase Agreement (Sirva Inc), Mortgage Loan Repurchase Agreement (Sirva Inc), Mortgage Loan Repurchase Agreement (Sirva Inc)
Maximum Cash Out. If the Mortgage Loan was made to a Mortgagor who owned the Mortgaged Property prior to the origination of such Mortgage Loan and the proceeds of which were used in whole or part to satisfy an existing mortgage, the proceeds of the Mortgage Loan did not exceed the amount of the existing mortgage by more than $150,000150,000.00.
Appears in 1 contract
Samples: Mortgage Loan Purchase and Sale Agreement (National Credit & Guaranty CORP)
