ARM Loans definition

ARM Loans. At any time, collectively, all the Mortgage Loans which have adjustable Mortgage Rates.

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ARM Loans. For these loans, Wells Fargo Home Mortgage has established the following limits: 1 ▇▇ ▇RM - not allowed 2/6 ARM - maximum 2 year prepayment penalty option 3/6 ARM - maximum 3 year prepayment penalty option Note: Prepayment penalty options are not available on table-funded transactions (loans closed in the broker's or joint venture's name). Estimating the penalty amount Included in this guide you will find several examples of how to calculate a prepayment penalty. Please remember that these examples are provided as a helpful tool for estimating potential penalties when a customer is considering the option of a prepayment penalty. The examples are specifically NOT to be used to calculate payoff amounts.

ARM Loans. At any time, collectively, all the mortgage loans that have been sold to the Depositor under the Mortgage Loan Sale and Contribution Agreement which have adjustable rates and will be secured by first liens on the related Mortgage Property.

Examples of ARM Loans in a sentence

• No later than March 3, 2000, Owner and the Company shall have completed a training program for the Company's employees in the proper servicing of interest-only ARM Loans subject to this Agreement.

• Notwithstanding the foregoing, the Company's representations and warranties as to the proper servicing of ARM Loans shall be effective upon the fulfillment of the covenants set forth in Section 2.09 of this Agreement.

• In addition, for ARM Loans, in no event shall the Index, Margin, Periodic Rate Cap, Adjustment Date, Lifetime Rate Cap or minimum rate be changed.

• With respect to Revolving Credit Loans which are ARM Loans, the Note Rate and the Monthly Payment with respect to each Revolving Credit Loan is adjusted in accordance with the terms of the related Mortgage Note.

• No later than the fourth Business Day preceding each Payment Date, the Master Servicer shall present an Officer's Certificate to the Indenture Trustee and the Bond Insurer with respect to the ARM Loans, (i) stating that the Master Servicer elects not to make an Advance in a stated amount and (ii) detailing the reason it deems the advance to be a Nonrecoverable Advance.

• The Indenture Trustee hereby consents to such transfer with respect to the ARM Loans.

• Notwithstanding the foregoing, Purchaser’s representations and warranties herein, to the extent relating to the proper servicing of ARM Loans, shall become effective upon the fulfillment of the covenants set forth in Section 4.35.

• CMGFC may also use Loans which are adjustable rate loans ("ARM Loans") to satisfy the Monthly Purchase Target for any month by offering to sell such Loans to the Purchaser, provided that the ARM Loans, by principal balance, represent no more than 50% of the related Monthly Purchase Target.

• No later than March 3, 2000, Owner and the Company shall have completed a training program for the Company’s employees in the proper servicing of interest-only ARM Loans subject to this Agreement.

• No later than March 3, 2000, Seller and Purchaser shall have completed a training program for Purchaser’s employees in the proper servicing of Seller’s interest-only ARM Loans.

More Definitions of ARM Loans

ARM Loans. First lien, conventional, 1-4 family residential Mortgage Loans with interest rates which adjust from time to time in accordance with the related Index and are subject to Periodic Rate Caps and Lifetime Rate Caps and which do not permit conversion to fixed interest rates.

ARM Loans means Securitized ARM Loans, ARM Loans Collateralizing Debt and ARM loans held for securitization.

ARM Loans means all Mortgage Loans having an adjustable rate of interest.

ARM Loans means those Mortgage Loans that are adjustable rate loans.

ARM Loans. At any time, collectively, all the Mortgage Loans, excluding HELOC Mortgage Loans, which have adjustable Mortgage Rates.