Alternative mortgage loan definition

Alternative mortgage loan has the meaning set forth in Section 4.01(b).
Alternative mortgage loan means a mortgage loan which is a reverse annuity mortgage loan or graduated payment mortgage loan.
Alternative mortgage loan means a loan secured by a first or junior lien on real estate other than a loan that ‑

Examples of Alternative mortgage loan in a sentence

  • Servicing Agreement, dated as of June 22, 2006, among New Century Alternative Mortgage Loan Trust 2006-ALT1, as issuer, Wells Fargo Bank, N.A., as servicer, and Deutsche Bank National Trust Company, as indenture trustee.

  • For all purposes of this Trust Agreement, except as otherwise expressly provided herein or unless the context otherwise requires, capitalized terms not otherwise defined herein shall have the meanings assigned to such terms in Appendix A to the Indenture, dated June 22, 2006, between New Century Alternative Mortgage Loan Trust 2006-ALT1, as Issuer, and Deutsche Bank National Trust Company, as Indenture Trustee, which is incorporated by reference herein.

  • The Owner Trust Estate consists of the Mortgage Loans in the New Century Alternative Mortgage Loan Trust 2006-ALT1.

  • New Century Alternative Mortgage Loan Trust 2006-ALT2 Asset-Backed Certificates, Series 2006-ALT2 [Class AV-1][Class AF-2][Class AF-3][Class AF-4][Class AF-5] [Class AF-6A][Class AF-6B][Class M-1][Class M-2] [Class M-3][Class M-4] [Class B-1][Class B-2][Class B-3] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class.

  • The trust created hereby (the “Trust”) shall be known as “New Century Alternative Mortgage Loan Trust 2006-ALT1”, in which name the Owner Trustee may conduct the business of the Trust, make and execute contracts and other instruments on behalf of the Trust and sxx and be sued.

  • Servicing Agreement, dated as of June 22, 2006, among New Century Alternative Mortgage Loan Trust 2006-ALT I, as issuer, Wells Fargo Bank, N.A., as servicer, and Deutsche Bank National Trust Company, as indenture trustee.

  • The name of the statutory trust formed hereby is New Century Alternative Mortgage Loan Trust 2006-ALT1.

  • Title and Description of Notes: New Century Alternative Mortgage Loan Trust, Series 2006-ALT1, Asset Backed Notes.


More Definitions of Alternative mortgage loan

Alternative mortgage loan means a mortgage loan which is a