Aged Loans definition

Aged Loans means Mortgage Loans outstanding for more than (i) 90 days if such Mortgage Loans are Nonconforming Mortgage Loans, Super Jumbo Mortgage Loans or HELOC Mortgage Loans, and (ii) 120 days for all other types of Mortgage Loans, and, in all cases, less than 360 days (and in all cases excluding Underperforming Mortgage Loans and Aged Underperforming Mortgage Loans).
Sample 1
Aged Loans means, other than with respect to Pooled Mortgage Loans, an Aged 30 Day Loan or an Aged 60 Day Loan.
Sample 1Sample 2
Aged Loans means, collectively, (a) any Residential Construction Loan for any Sold Home and Speculative Home included in Collateral for a period of more than three hundred sixty (360) days, (b) any Residential Construction Loan for Model Homes included in Collateral for a period of more than six hundred thirty (630) days, (c) any Residential A&D Loan included in Collateral for a period of more than six hundred thirty (630) days, and (d) any Commercial Mortgage Loan included in the Collateral for a period of more than three hundred sixty-five (365) days.
Sample 1

Examples of Aged Loans in a sentence

  • Use the proceeds of each Advance solely for the purpose of financing the origination, purchase, and/or funding of Residential Construction Loans, Residential A&D Loans, Aged Loans, Consumer Construction Loans, Consumer Lot Loans, and Commercial Mortgage Loans in accordance with the applicable Request for Advance, and none other.

  • Use the proceeds of each Advance solely --------------------------- for the purpose of financing the origination, purchase, and/or funding of Residential Construction Loans, Residential A&D Loans, Aged Loans, Consumer Construction Loans, and Consumer Lot Loans in accordance with the applicable Request for Advance and none other.

  • Aged Loans Performing Eligible Mortgage Loan without a current Take-Out Commitment.


More Definitions of Aged Loans

Aged Loans means a category of Purchased Eligible Loans, specified in the Term Sheet, to which additional terms and conditions shall
Sample 1
Aged Loans means a category of Purchased Eligible Loans, specified in the Term Sheet, to which additional terms and conditions shall apply;
Sample 1
Aged Loans. Loans outstanding on the warehouse line greater than 90 days but less than 180 days.
Sample 1

Related to Aged Loans

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Eligible Loans has the meaning specified in any of the Purchase Agreements or the Sale Agreement, as applicable.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Purchased Loans means, with respect to each Purchase Agreement, the Loans offered for sale and purchased or substituted pursuant to such Purchase Agreement.

  • Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Offered Loans has the meaning specified in Section 2.05(d)(iii).

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Related Loan Group For Group 1, Loan Group 1; for Group 2, Loan Group 2; for Group 3, Loan Group 3; and for Group 4, Loan Group 4.

  • Extended Loans has the meaning specified in Section 2.17(a).

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Delinquent Loans means loans where the borrowers have failed to make scheduled mortgage payments under the terms of the mortgage and where the cumulative amount of mortgage payments missed exceeds the scheduled payments due in a three-month period.

  • Permitted Loans means:

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).