Special Risk Mortgage Loans. A “Special Risk Mortgage Loan” is defined as any Mortgage Loan (i) that is a second lien Mortgage Loan; (ii) that is a first lien Mortgage Loan with an unpaid principal balance of less than $50,000. Special Risk Mortgage Loans shall be subject to the following qualifications with respect to the Financing Line:
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Samples: Letter Agreement (New Century TRS Holdings Inc), Letter Agreement (New Century Financial Corp)
Special Risk Mortgage Loans. A “"Special Risk Mortgage Loan” " is defined as any Mortgage Loan (i) that is a second lien Mortgage Loan; (ii) that is a first lien Mortgage Loan with an unpaid principal balance of less than $50,000. Special Risk Mortgage Loans shall be subject to the following qualifications with respect to the Financing Line:
Appears in 1 contract
Special Risk Mortgage Loans. A “"Special Risk Mortgage Loan” " is defined --------------------------- as any Mortgage Loan (i) that is a second lien Mortgage Loan; (ii) that is a first lien Mortgage Loan with an unpaid principal balance of less than $50,000. Special Risk Mortgage Loans shall be subject to the following qualifications with respect to the Financing Line:
Appears in 1 contract
