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.
Payment Option ARM Loans Are So Inherently Deceptive That Few, If Any Borrowers Can Understand How They Work Consider the typical confusing information and signals provided in a standard payment option ARM loan.
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.
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.
The Indenture Trustee hereby consents to such transfer with respect to the ARM Loans.
If we were to consider PCCA, an alternative competition idea to increase turnout should be pursued.
CRA Loans require a 3 percent down payment.• Adjust Rate Mortgage (ARM) Loan: down payment requirements for ARM Loans can vary from no down payment to 5 percent.
Adjustable Rate Mortgage (ARM) Loans □ This is an Adjustable Rate Mortgage (ARM) Loan.