Conforming Loans definition

Conforming Loans. As defined in the Series Supplement.
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Conforming Loans. The Group 4 Mortgage Loans.
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Conforming Loans means residential mortgage loans that conform to the Agency underwriting guidelines and meet the funding criteria of Fannie Mae and Freddie Mac.
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Examples of Conforming Loans in a sentence

  • The parties agree that this Amended and Restated Note Purchase Agreement supersedes and replaces the Old Note Purchase Agreement in its entirety and the purchase of any and all EDUCATION ONE Conforming Loans after the Effective Date will be made under the terms and conditions of this Amended and Restated Note Purchase Agreement and not under the Old Note Purchase Agreement; provided, however, that the Third Amendment to Program Agreements, dated November 1, 2001, remains in full force and effect.

  • FMC makes the following representations and warranties as of the date hereof, as of the date of each purchase of Bank of America GATE Conforming Loans and as of any other date specified below.

  • In the event that Program Lender shall receive, subsequent to any such assignment, any amounts whatsoever in respect to the Bank of America GATE Conforming Loans so assigned in the nature of those described in Section 3.04 above, such amounts shall be held by Program Lender in trust for FMC or the Purchaser Trust to which it has sold the Notes, and the Program Lender shall promptly deliver such amounts to the trustee under the Trust Indenture.

  • Program Lender agrees, in consideration of FMC's undertaking pursuant to this section, not to sell to any third person any interest in any Bank of America GATE Conforming Loans originated by Program Lender [**].

  • The Bank has a relationship with Northstar Lending Pty Ltd (“Northstar”), Interstar Wholesale Finance Pty Ltd (“Interstar Wholesale”) and Interstar Non-Conforming Finance Pty Ltd (“Interstar Finance”), under which the Bank acts as an agent of these companies for the provision of Non- Conforming Loans to Bank customers when their applications have previously been declined by the Bank.

  • Take-Out Commitments for Conforming Loans that are delivered pursuant to clause (b), above, in addition to conforming with all other criteria of this Agreement, shall also substantially conform to the interest rates and “terms to maturity” for all Uncovered Mortgage Loans.

  • If a Co-Lender Indemnification Agreement is required as a condition of Program Lender's obligations under Section 3.01(c)(4) hereof, Program Lender shall execute and deliver a Co-Lender Indemnification Agreement to each lender selling Bank of America GATE Conforming Loans in the Securitization Transaction.

  • FMC shall be solely responsible for and shall pay any obligations it has incurred in connection with the Bank of America GATE Conforming Loans.

  • FMC shall have the sole and exclusive right to purchase all Bank of America GATE Conforming Loans [**] for each such loan, which right may be assigned to one or more Purchaser Trusts.

  • This Agreement shall remain in full force and effect until the later of (a) expiration or termination of the Umbrella Agreement, or (b) the expiration of the Option Period of all Bank of America GATE Conforming Loans made pursuant to the Umbrella Agreement.


More Definitions of Conforming Loans

Conforming Loans means loans (a) conforming to the requirements of the Program Guidelines at the time the loans were made, (b) serviced by the Servicer in accordance with the Program Guidelines, and (c) covered by and subject to all the benefits of the Guaranty Agreement.
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Conforming Loans means all Tranche A Loans outstanding as of the Effective Date, the aggregate amount of which is not in excess of $40,000,000 minus the aggregate amount of all payments applied to the principal of such Loans from the Effective Date through the Forbearance Termination Date.
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Conforming Loans. At a per annum rate equal to Prime Rate plus four percent (4%)
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Conforming Loans means loans (a) conforming to the requirements of the Program Guidelines at the time the loans were made, (b) serviced by the Servicer in accordance with the Program Guidelines, and (c) covered by and subject to all the benefits of the Guaranty Agreement. “Deposit and Security Agreement” means the agreement of that name among Program Lender, XXXX, FMC, and State Street Bank & Trust Company, dated as of April 30, 2001. "First Marblehead" or “FMC” shall mean The First Marblehead Corporation, a Delaware corporation. “Guaranty Agreement” means the Amended and Restated Guaranty Agreement between Program Lender and XXXX, dated as of June 30, 2006. "Loan Origination Agreement" refers to (a) the Amended and Restated Loan Origination Agreement entered into between XXXX and Program Lender with respect to origination of prepGATE Conforming Loans and Bank of America XXXX Loans that are Conforming Loans, as amended from time to time, and (b) any subsequent agreement relating to origination services provided to Program Lender with respect to Bank of America SC Loan Notes purchased under this Agreement. "Minimum Purchase Price" has the meaning set forth in Section 2.04. “Option Period” means, with respect to any particular Bank of America SC Conforming Loan, the period beginning on the first May 1 when such loan first becomes a Seasoned Loan and ending [**] days thereafter. "Origination Records" means and refers to the original Bank of America SC Loan Application and Note, a form of cosigner notice when required under 16 C.F.R. § 444, and any other standardized documentation specified from time to time in the Program Guidelines as required to be received by the Servicer from the Program Lender in order to service Bank of America SC Conforming Loans adequately and accurately. "Participating Institution" means an institution approved by XXXX for participation in the Bank of America SC Loan Programs. "Program" shall mean, collectively, the Bank of America Private Loan Programs and the Bank of America XXXX Loan Programs. "Program Guidelines" has the meaning set forth in the Umbrella Agreement. "Purchase Date" shall mean the date of consummation of a Securitization Transaction with respect to a particular Pool including Bank of America SC Conforming Loans originated by Program Lender, which date: (a) shall be set by written notice from FMC to Program Lender, given to Program Lender not less than five (5) Business Days in advance of the specified date, and (b) shall occur [**]...
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Related to Conforming Loans

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • New Revolving Loans as defined in Section 2.25.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Existing Loan means the loan identified on Exhibit H.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Revolving Loans as defined in Section 2.4(a).

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Refinancing Loan has the meaning specified in Section 2.15(b).

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Replacement Loans has the meaning specified in Section 10.01.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Non-Performing Loans means, with respect to any Bank Subsidiary at any time, the aggregate principal amount (including any capitalized interest) of all nonaccruing loans of such Bank Subsidiary plus the aggregate principal amount of all loans of such Bank Subsidiary that are ninety (90) days or more past due and still accruing minus the Guaranteed Loan Amount of such Bank Subsidiary, in each case at such time.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Refinanced Loans has the meaning specified in Section 10.01.