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 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.
Examples of Approved Underwriting Guidelines in a sentence
Seller shall not submit to Buyer for purchase, and Buyer shall have no obligation to purchase, any Mortgage Loan underwritten in accordance with underwriting guidelines, including amendments to Approved Underwriting Guidelines not expressly approved by Buyer, other than Approved Underwriting Guidelines.
Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by a generally acceptable insurer against loss by fire, hazards of extended coverage and such other hazards as are provided for in the Xxxxxx Mae guides or by Xxxxxxx Mac, as well as all additional requirements set forth in the Approved Underwriting Guidelines.
Each Mortgage Loan with an origination date on or after January 1, 2007 which is secured by Mortgaged Property located in Ohio was originated pursuant to a program which requires verification of the borrower’s income in accordance with “Full and Alternative Documentation” programs as described within the Approved Underwriting Guidelines.
The Mortgage Loan was underwritten in accordance with the Approved Underwriting Guidelines (a copy of which has been delivered to Buyer).
The Mortgage Loan satisfies the Approved Underwriting Guidelines.
More Definitions of Approved 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.
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 of Seller or its Affiliates, which have been approved by Buyer inits sole discretion.
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. “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 Date for such Mortgage Loan as approved by Buyer in its sole discretion.
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.