Approved Underwriting Guidelines means the underwriting guidelines approved by Buyer in its sole good faith discretion.
Approved Underwriting Guidelines means (i) the underwriting guidelines approved by Buyer in its sole discretion, or (ii) applicable Agency, FHA, VA, RD and HUD underwriting guidelines.
Approved Underwriting Guidelines means the underwriting guidelines of (a) Approved Mortgage Purchasers, or (b) Approved Mortgage Originators, in each case as approved in writing by the Lender. The underwriting guidelines attached as Schedule A-3 hereto have been approved by the Lender.
Examples of Approved Underwriting Guidelines in a sentence
In such cases, the policy shall be subject to re-underwriting and the Sum Assured shall be subject to Your eligibility as per Our Board Approved Underwriting Guidelines and if the policy would have been issued, the premium to be deducted shall be calculated proportionately on such Sum Assured payable.
Any Loans for which Commitments are issued after the date we consented to proposed changes or supplements must comply with the amended Approved Underwriting Guidelines to be eligible for coverage under the Master Policy.(b) Changes to Our Underwriting Guidelines.
Unless you respond in Writing within thirty (30) days of the date you receive the notice, our Written notice identifying the Approved Underwriting Guidelines shall be deemed to be correct.
Failure of the Policyholder to respond in Writing within thirty (30) days of the date it receives such Written notice shall be deemed an acknowledgment by the Policyholder that the Company’s records with respect to the Approved Underwriting Guidelines are correct.
From time to time the Company shall send a Written notice to the Policyholder identifying the Approved Underwriting Guidelines with respect to such Policyholder indicated in the Company’s records.
More Definitions of Approved Underwriting Guidelines
Approved Underwriting Guidelines means the underwriting guidelines in effect as of the Purchase Date for such Mortgage Loan as approved by Buyer in its sole discretion. “Asset Value” shall mean, with respect to each Mortgage Loan, as of any date of determination, the lesser of (a) the product of the applicable Purchase Price Percentage multiplied by the Market Value of such Mortgage Loan and (b) the outstanding Principal Balance of such Mortgage Loan, in each case subject to modification pursuant to the terms below. For the avoidance of doubt, in calculating the Asset Value of any HomeSafe Flex or HomeSafe Select (including, without limitation, for purposes of determining the Purchase Price to be advanced by Buyer to Seller in connection with Buyer’s purchase of any Principal Advance on any Additional Advance Date), the outstanding Principal Balance of such Mortgage Loan and/or Principal Advance shall be deemed to solely include the portions of such Mortgage Loan that were advanced to the Mortgagor as principal, and shall exclude all other components of such advance, including, but not limited to, any fees, interest, taxes, capitalized interest or other amounts otherwise added to the outstanding principal balance of such Mortgage Loan in accordance with the related Mortgage Loan Documents. Without limiting the generality of the foregoing, Seller acknowledges that the Asset Value of a Purchased Mortgage Loan may be reduced to zero by Buyer if:
Approved Underwriting Guidelines means the underwriting guidelines in effect as of the Purchase Dateorigination date for such Mortgage Loan as approved by Buyer in its sole discretion. “Asset Value” shall mean, with respect to each Mortgage Loan, as of any date of determination, the lesser of (a) the product of the applicable Purchase Price Percentage multiplied by the Market Value of such Mortgage Loan and (b) the outstanding Principal Balance of such Mortgage Loan, in each case subject to modification pursuant to the terms below. For the avoidance of doubt, in calculating the Asset Value of any HomeSafe Flex or, HomeSafe Select or Select Advance Loan (including, without limitation, for purposes of determining the Purchase Price to be advanced by Buyer to Seller in connection with Buyer’s purchase of any Principal Advance on any Additional Advance Date), the outstanding Principal Balance of such Mortgage Loan and/or Principal Advance shall be deemed to solely include the
Approved Underwriting Guidelines means the underwriting guidelines in effect as of the Purchase Date for such Mortgage Loan as approved by Buyer in its sole discretion.
Approved Underwriting Guidelines means the underwriting guidelines in effect as of the origination date for such Mortgage Loan as approved by Buyer in its sole discretion. “Asset Allocation Percentage” shall have the meaning set forth in the MPSA. “Asset Value” shall mean, with respect to each Purchased Mortgage Loan or Underlying Participation Interest, as applicable, as of any date of determination, the lesser of (a) the product of the applicable Purchase Price Percentage multiplied by (i) in the case of a Purchased Mortgage Loan, the Market Value of such Purchased Mortgage Loan or (ii) in the case of an Underlying Participation Interest, (A) the Market Value of the related Underlying Mortgage Loan multiplied by (B) the related Asset Allocation Percentage assigned to such Underlying Participation Interest and (b) (i) in the case of a Purchased Mortgage Loan, the outstanding Principal Balance of such Purchased Mortgage Loan or (ii) in the case of an Underlying Participation Interest, the outstanding Principal Balance of the related Underlying Mortgage Loan multiplied by the related Asset Allocation Percentage assigned to such Underlying Participation Interest, in each case subject to modification pursuant to the terms below. The Asset Value of the Series 2023-GOT Trust Certificate shall equal the sum of the Asset Values of the Underlying Participation Interests as of the related date of determination. For the avoidance of doubt, in calculating the Asset Value of any HomeSafe Flex, or HomeSafe Select or Select Advance Loan (including, without limitation, for purposes of determining the Purchase Price to be advanced by Buyer to Seller in connection with Buyer’s purchase of any Principal Advance on any Additional Advance Date), the outstanding Principal Balance of such Mortgage Loan and/or Principal Advance shall be deemed to solely include the portions of such Mortgage Loan that were advanced to the Mortgagor as principal, and shall exclude all other components of such advance, including, but not limited to, any fees, interest, taxes, capitalized interest or other amounts otherwise added to the outstanding principal balance of such Mortgage Loan in accordance with the related Mortgage Loan Documents. For the avoidance of doubt, in calculating the Asset Value of any HomeSafe Select for purposes of determining the Purchase Price Increase to be advanced by Buyer to Seller in connection with Seller’s transfer of a related Underlying Participation Interest to the Series 2023- GOT Trust, the out...
Approved Underwriting Guidelines means the underwriting guidelines approved by Buyer in its sole discretion provided that any change to any existing Approved Underwriting Guidelines made in order to comply with any requirements of an Agency with respect to an Approved Mortgage Product shall also be Approved Underwriting Guidelines, unless expressly disapproved by Buyer in writing.
Approved Underwriting Guidelines. The underwriting guidelines of (a) Approved Mortgage Purchasers, or (b) Approved Mortgage Originators, in each case as reasonably approved in writing by the Agent.
Approved Underwriting Guidelines means the underwriting guidelines attached hereto as Exhibit E approved by Buyer in writing in its sole discretion prior to the initial Purchase Date and any amendments thereto approved by Buyer in accordance with Section 3(b)(x) hereof.