Conforming High CLTV Loan shall have the meaning given to such term in the Pricing Side Letter.
Conforming High CLTV Loan means a Conforming Mortgage Loan originated in accordance with the applicable Agency’s underwriting guidelines, with a combined LTV of 95% or higher but not to exceed (i) for a Purchased Mortgage Loan that refinances an existing Mortgage Loan already being serviced by Servicer, 150% and (ii) for any other Purchased Mortgage Loan that refinances a Mortgage Loan serviced by an unaffiliated servicer, 135%.
Conforming High CLTV Loan. “Pooled Mortgage Loan” and “Trade Assignment” as set forth below:
More Definitions of Conforming High CLTV Loan
Conforming High CLTV Loan means a Conforming Mortgage Loan (i) originated using Desktop Underwriter for underwriting pursuant to the Xxxxxx Xxx DU Refi Plus™ program with a combined LTV of 95% or higher but not to exceed 105%; (ii) originated for underwriting pursuant to the Xxxxxx Mae Refi Plus™ program with a combined LTV of 95% or higher but not to exceed 115%; or (iii) originated for underwriting pursuant to the Xxxxxxx Mac’s Relief Refinance MortgageSM program with a combined LTV of 95% or higher but not to exceed 115%. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.
Conforming High CLTV Loan. “Market Value,” “Pricing Rate” and “Purchase Price Percentage” in their entirety and replacing them with the following:
Conforming High CLTV Loan means an otherwise Conforming Mortgage Loan (i) originated using Desktop Underwriter for underwriting pursuant to the FNMA DU Refi Plus™ program with a LTV of more than [***] as more specifically described in the then current Xxxxxx Xxx guidelines and any updates, amendments or supplements; (ii) originated for underwriting pursuant to the FNMA Refi Plus™ program with a LTV of more than [***] as more specifically described in the then current Xxxxxx Mae guidelines and any updates, amendments or supplements; (iii) originated for underwriting pursuant to the Xxxxxxx Mac’s Relief Refinance MortgageSM program with a LTV of more than [***] as more specifically described in the then current Xxxxxxx Mac guidelines and any updates, amendments or supplements, as amended by variances agreed to between Xxxxxxx Mac and Quicken Loans and approved by Administrative Agent; or (iv) originated pursuant to Xxxxxx Mae’s Home Affordable Refinance Program as announced in Xxxxxx Xxx Announcement SEL 2011 12, including the Refi Plus option applicable to “same servicers”, as set forth in subsequent Announcements, FAQs, Selling Guide updates and Servicing Guide updates issued by Xxxxxx Mae in connection with such program, as amended by variances agreed to between Xxxxxx Xxx and Quicken Loans and approved by Administrative Agent.
Conforming High CLTV Loan means a Conforming Mortgage Loan originated using Desktop Underwriter for underwriting pursuant to the Xxxxxx Xxx DU Refi Plus™ program with a combined LTV of 95% or higher but not to exceed 110% as more specifically described in Xxxxxx Mae Announcement 09-04.