Aged Loan definition

Aged Loan means an Eligible Mortgage Loan which has been included in the Borrowing Base for more than sixty (60) days but less than or equal to one hundred and twenty (120) days.

Aged Loan has the meaning assigned to such term in the Pricing Side Letter.

Aged Loan is defined in the definition of "Long Warehoused (Aged) Loan".

Examples of Aged Loan in a sentence

• COO Peterson reported on the Aged Loan Inventory, noting there are seven (7) remaining long-term loans outstanding from 2018 and earlier.

• Loan Purchase Fee: $ 50.00 for each Purchased Loan other than an Aged Loan.

• Upon the occurrence of any of the following (a) the occurrence and continuation of an Event of Default, (b) upon any Purchased Mortgage Loan becoming an Aged Loan, (c) the fifth Business Day of each month, or (d) upon the request of Buyer, Sellers shall cause Servicer to provide to Buyer, electronically, in a format mutually acceptable to Buyer and Sellers, an Asset Tape by no later than the Reporting Date.

• In addition to the foregoing information on each Reporting Date, Seller will furnish to Buyer such information upon (i) the occurrence and continuation of an Event of Default and (ii) upon any Purchased Mortgage Loan becoming an Aged Loan.

• Further, all loans must be purchased by Plaza on or before 45 days from the Note date.Exceptions to Aged Loan Policy: • All Elite Jumbo loans require an exception to be purchased after 60 days from the Note date.

More Definitions of Aged Loan

Aged Loan means, as of any date:

Aged Loan means a Mortgage Loan whose Original Pledge Date was more than one hundred twenty (120) days, but not more than one hundred eighty (180) days, before the relevant Determination Date (being the date on or for which such Mortgage Loan's Collateral Value is being determined). A Pledged Loan whose Original Pledge Date was more than one hundred eighty (180) days before the relevant Determination Date shall have zero Collateral Value.

Aged Loan means an Aged 180 Day Non-Agency QM Mortgage Loan or an Aged 364 Day Non-Agency QM Mortgage Loan.

Aged Loan means an Aged 60 Day, an Aged 75 Day or an Aged 90 Day Loan.

Aged Loan means, on any day, a Purchased Mortgage Loan that is not a Xxxxxxx Mac Small Balance Loan whose Purchase Date was more than sixty (60) days but not more than seventy-five (75) days before that day.

Aged Loan means, on any day, a Purchased Mortgage Loan whose Purchase Date was more than [***] but not more than [***] before that day.

Aged Loan means a Mortgage Loan which has been subject to a Transaction hereunder for a period of greater than 30 days but not greater than 60 days.