Underwriting Criteria a. Credit underwriting is performed by reviewing the completed credit application and the credit bureau report and/or performance history with the company.
Underwriting Criteria. The Borrower shall maintain its criteria for underwriting (i.e., reinsuring) Insurance Contracts substantially as heretofore in effect.
Underwriting Criteria. Each Mortgage Loan [was underwritten generally in accordance with Countrywide’s credit underwriting guidelines in effect at the time such Mortgage Loan was originated] [conforms to the Xxxxxx Xxx or Xxxxxxx Mac mortgage eligibility criteria (as such criteria applies to Countrywide) and is eligible for sale to, and securitization by, Xxxxxx Mae or Xxxxxxx Mac] [at the time of origination was underwritten to guidelines which are consistent with an institutional investor-quality mortgage loan]. Kindly acknowledge your agreement to the terms of this Purchase Confirmation by signing in the appropriate space below and returning this Purchase Confirmation to the undersigned. Telecopy signatures shall be deemed valid and binding to the same extent as the original. Sincerely, Agreed to and Accepted by: COUNTRYWIDE HOME LOANS, INC. XXXXXXX SACHS MORTGAGE COMPANY By: By: Name: Xxxxx Xxxxxxx Name: Title: Executive Vice President Title: EXHIBIT A to PURCHASE CONFIRMATION MORTGAGE LOAN SCHEDULE (attached) B-A-1 EXHIBIT B to PURCHASE CONFIRMATION CALCULATION OF PURCHASE PROCEEDS (attached) B-B-1 EXHIBIT C to PURCHASE CONFIRMATION MISSING CREDIT DOCUMENTS LOAN COUNT LOAN NUMBER DOCUMENT 1.
Underwriting Criteria. The percentage (by Scheduled Principal Balance) of the Group I Loans as of the Post-Funding Payment Date which are identified by the Originator under its standard underwriting criteria as "B," "C," and "D" credits will not be more than 100 basis points, 100 basis points, and 0 basis points, respectively, more than the percentage of Initial Group I Loans identified as "B," "C," and "D" credits.
Underwriting Criteria. The Lender shall underwrite each application for a Mortgage Loan in a manner consistent with the standards set forth in the Procedural Guide.
Underwriting Criteria. MBIA shall maintain its criteria ----------- --------------------- for underwriting Insurance Contracts substantially as in effect on the Restatement Effective Date and as disclosed to the Administrative Agent and the Banks, and Insured Obligations which are placed in the Covered Portfolio by MBIA shall in MBIA's reasonable judgment represent an overall risk of loss (based on all factors including without limitation investment quality and geographical and market diversification) which is not materially greater than the risk of loss represented by all of MBIA's Insured Obligations.
Underwriting Criteria. Based upon the investigation referred to in Section 4.02(a)(x) above, Servicer has concluded that all Loans are compliant with the Underwriting Criteria in all aspects.
Underwriting Criteria. The Underwriting Criteria are consistent with the Lender’s lending authority under the state and federal law, and Lender will inform Servicer of any necessary revisions to the Underwriting Criteria necessary to maintain consistency with such lending authority. CERTAIN CONFIDENTIAL MATERIAL APPEARING IN THIS DOCUMENT, MARKED BY [*****] HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
Underwriting Criteria. All Eligible Consumer Loans pledged as Collateral to the Agent subsequent to the date of execution of this Credit Agreement will be consistent with the Borrower's general underwriting criteria as approved in writing by the Required Banks, including, without limitation, (i) the requirement that a majority of sales shall be made to consumer borrowers with minimum annual income as follows: $35,000 for Texas, $40,000 for Illinois, and $45,000 for Massachusetts and (ii) the requirement that each consumer borrower shall have a major credit card issued in his or her name. In addition to the foregoing, the Borrower shall ensure that the weighted average FICO Credit Bureau Scores of all consumer borrowers with respect to which a FICO Credit Bureau Score can be obtained be not less than 640. The Borrower shall not materially alter its general underwriting criteria without the prior written approval of the Required Banks, which approval may be withheld by the Required Banks in their sole discretion. On an annual basis, the Borrower shall provide the Agent with written certification that the underwriting criteria as approved by the Required Banks remains in full force and effect and has not been revised or altered without the Required Banks' consent.
Underwriting Criteria. Marketer and Bank have developed the Credit Criteria and Standards applicable to the issuance of Cards. Bank shall have the right to approve, disapprove or modify the Credit Criteria and Standards and the policies and procedures used in connection with the solicitation and evaluation of potential cardholders to ensure the safety and soundness of Bank and the Bankcard Program.
