Accredited Mortgage Loan definition

Accredited Mortgage Loan. A Mortgage Loan which was acquired from Accredited by the Unaffiliated Seller pursuant to the Accredited Purchase Agreement, and which has been acquired by the Trust Fund.
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Accredited Mortgage Loan. Each Mortgage Loan purchased by the Purchaser pursuant to the Accredited Purchase Agreement and identified as an "Accredited Mortgage Loan" on the Mortgage Loan Schedule.
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Accredited Mortgage Loan. Each Mortgage Loan originated by Accredited Home Loans, Inc.
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Examples of Accredited Mortgage Loan in a sentence

  • XXXXXX BROTHERS RESIDENTIAL MORTGAGE FINANCE -------------------------------------------------------------------------------- SUMMARY OF TERMS -------------------------------------------------------------------------------- ISSUER: Accredited Mortgage Loan Trust 2002-1 SPONSOR AND MASTER SERVICER: Accredited Home Lenders, Inc.

  • This action arises out of a foreclosure of a mortgage on Plaintiff’s home brought by Accredited Home Lenders, LLC (“Accredited”) and Deutsche Bank National Trust Company, asIndenture Trustee, on behalf of The Holders Of The Accredited Mortgage Loan Trust 2005-4 Asset Backed Notes the successor in title to the mortgage and note.

  • No Accredited Mortgage Loan has been modified so as to restructure the payment obligations or re-age the Accredited Mortgage Loan.

  • If there is such a defect with respect to a Meritage Mortgage Loan, an Accredited Mortgage Loan, a CHL Mortgage Loan or a Wilmington Finance Mortgage Loan, the Trustee shall take such actions, with the Depositor's consent, to enforce the rights of the Trust as "Sponsor" under the Meritage Agreements, the Accredited Agreements, the CHL Agreements or the Wilmington Finance Agreements, as applicable.

  • The terms of the Mortgage Note and Mortgage have not been impaired, waived, altered or modified in any respect, from the date of origination except by a written instrument which has been recorded, if necessary to protect the interests of the Purchaser, and which has been delivered to the Custodian or to such other Person as the Purchaser shall designate in writing, and the terms of which are reflected in the Accredited Mortgage Loan Schedule.

  • If there is such a defect with respect to a Meritage Mortgage Loan, an Accredited Mortgage Loan, a CHL Mortgage Loan or an AIG Mortgage Loan, the Trustee shall take such actions, with the Depositor's consent, to enforce the rights of the Trust as "Sponsor" under the Meritage Agreements, the Accredited Agreements, the CHL Agreements or the AIG Agreements, as applicable.

  • The Notes shall be designated generally as the "Accredited Mortgage Loan Trust 2002-1, Asset-Backed Notes, Series 2002-1".

  • The Seller has or has caused the related servicer to, for each Accredited Mortgage Loan, fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its borrower credit files to Equifax, Experian and Trans Union Credit Information Company (three of the credit repositories), on a monthly basis.

  • However, once employed with the agency, most interviewees stated that they bought into the agency’s mission and believe that their work is extremely important.

  • Pooling and Servicing Agreement dated as of February 1, 2000, among the Borrower, Accredited Mortgage Loan Trust 2000-1, Advanta Mortgage Corp.


More Definitions of Accredited Mortgage Loan

Accredited Mortgage Loan. Each Mortgage Loan purchased by the Sponsor pursuant to an Accredited Purchase Agreement and identified as a "Accredited Mortgage Loan" on the Mortgage Loan Schedule. Accredited Purchase Agreement: The Amended and Restated Flow Mortgage Loan Purchase and Warranties Agreement, dated as of December 1, 2005, between the Sponsor and Accredited, and the Commitment Letter, dated as of September 13, 2006, solely insofar as the Accredited Purchase Agreement relates to the Accredited Mortgage Loans.
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Related to Accredited Mortgage Loan

  • Corrected Mortgage Loan Any Mortgage Loan that had been a Specially Serviced Mortgage Loan but has ceased to be such in accordance with the definition of "Specially Serviced Mortgage Loan" (other than by reason of a Liquidation Event occurring in respect of such Mortgage Loan or a related Mortgaged Property becoming an REO Property).

  • Deleted Mortgage Loan A Mortgage Loan replaced or to be replaced by a Qualified Substitute Mortgage Loan.

  • Converted Mortgage Loan An ARM Loan with respect to which the Borrower has complied with the applicable requirements of the related Mortgage Note to convert the related Mortgage Interest Rate to a fixed rate of interest, and the Servicer has processed such conversion. Co-op Shares: Shares issued by private non-profit housing corporations.

  • Serviced Mortgage Loan A Mortgage Loan that is not an Outside Serviced Mortgage Loan.

  • Covered Mortgage Loan Any Mortgage Loan that is covered by a PMI Policy.

  • Special Serviced Mortgage Loan The Mortgage Loans for which the Special Servicer acts as servicer pursuant to Section 3.19.

  • Subserviced Mortgage Loan Any Mortgage Loan that, at the time of reference thereto, is subject to a Subservicing Agreement.

  • Modified Mortgage Loan Any Mortgage Loan that has been the subject of a Servicing Modification.

  • Distressed Mortgage Loan Any Mortgage Loan that at the date of determination is Delinquent in payment for a period of 90 days or more without giving effect to any grace period permitted by the related Mortgage Note or for which the applicable Servicer or the Trustee has accepted a deed in lieu of foreclosure.

  • Non-Serviced Mortgage Loan means a Mortgage Loan included in the Trust but serviced under another agreement. There are no Non-Serviced Mortgage Loans in the Trust.

  • Reportable Modified Mortgage Loan Any Mortgage Loan that (i) has been subject to an interest rate reduction, (ii) has been subject to a term extension or (iii) has had amounts owing on such Mortgage Loan capitalized by adding such amount to the Stated Principal Balance of such Mortgage Loan; provided, however, that a Mortgage Loan modified in accordance with clause (i) above for a temporary period shall not be a Reportable Modified Mortgage Loan if such Mortgage Loan has not been delinquent in payments of principal and interest for six months since the date of such modification if that interest rate reduction is not made permanent thereafter.

  • Registered mortgage loan originator means any individual who:

  • Liquidated Mortgage Loan With respect to any Distribution Date, a defaulted Mortgage Loan (including any REO Property) which was liquidated in the calendar month preceding the month of such Distribution Date and as to which the Master Servicer has determined (in accordance with this Agreement) that it has received all amounts it expects to receive in connection with the liquidation of such Mortgage Loan, including the final disposition of an REO Property.

  • Purchased Mortgage Loans means the collective reference to Mortgage Loans together with the Repurchase Assets related to such Mortgage Loans transferred by Seller to Buyer in a Transaction hereunder, listed on the related Mortgage Loan Schedule attached to the related Transaction Request, which such Mortgage Loans the Custodian has been instructed to hold pursuant to the Custodial Agreement.

  • MERS Designated Mortgage Loan Mortgage Loans for which (a) the Seller has designated or will designate MERS as, and has taken or will take such action as is necessary to cause MERS to be, the mortgagee of record, as nominee for the Seller, in accordance with MERS Procedures Manual and (b) the Seller has designated or will designate the Purchaser as the Investor on the MERS System.

  • ARD Mortgage Loan Any Mortgage Loan that is identified as having an Anticipated Repayment Date and a Revised Rate on the Mortgage Loan Schedule.

  • Performing Serviced Mortgage Loan A Serviced Mortgage Loan that is not, and is not part of, a Specially Serviced Loan or REO Loan.

  • Specially Serviced Mortgage Loan means the Mortgage Loan during the period it is serviced by the Special Servicer following a Servicing Transfer Event.

  • Eligible Mortgage Loan means a Mortgage Loan (including a Wet Funded Loan) with respect to which each of the following statements shall be accurate and complete (and Borrower, by including such Mortgage Loan in any computation of the Borrowing Base, shall be deemed to so represent and warrant to the Lenders as of the date of such computation):

  • Qualified Mortgage A Mortgage Loan that is a “qualified mortgage” within the meaning of Code Section 860G(a)(3) (but without regard to the rule of Treasury Regulations Section 1.860G-2(f)(2) that causes a defective Mortgage Loan to be treated as a “qualified mortgage”, or any substantially similar successor provision).

  • Streamlined Mortgage Loan A Mortgage Loan originated in connection with the refinance of a mortgage loan pursuant to the related Seller’s streamlined documentation program then in effect.

  • Refinanced Mortgage Loan A Mortgage Loan the proceeds of which were not used to purchase the related Mortgaged Property.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Retained Mortgage Loan File A file for each Mortgage Loan maintained by the Servicer prior to any Document Transfer Date and by the Custodian after any Document Transfer Date that contains the documents specified in Section 2.01(b) of the Pooling and Servicing Agreement and any additional documents required to be added to the Retained Mortgage Loan File pursuant to the Pooling and Servicing Agreement.

  • REMIC Eligible Mortgage Loan A Mortgage Loan held by a REMIC which satisfies and/or complies with all applicable REMIC Provisions.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.