Covered Mortgage Loan definition

Covered Mortgage Loan. Any Mortgage Loan that is covered by a PMI Policy.

Covered Mortgage Loan. A Mortgage Loan listed on the Mortgage Loan Schedule as being covered by the Mortgage Insurance Policy.

Covered Mortgage Loan. Any mortgage loan that is covered by a Primary Mortgage Insurance Policy.

Examples of Covered Mortgage Loan in a sentence

• Any amount received from the Pool Insurer with respect to any such Covered Mortgage Loan shall be deposited by the Master Servicer into the Collection Account in accordance with Section 3.04(b).

• If any claim was denied, rejected or coverage rescinded in respect of any Covered Mortgage Loan on account of any breach, action or omission of the Seller, then the Servicer shall seek recovery for any advances made pursuant to this Section 4.01(d) from the Seller.

• If a claim was rejected, denied or coverage was rescinded in respect of any Covered Mortgage Loan on account of any breach, action or omission of the Servicer, then the Servicer shall not be entitled to reimbursement for such advances.

• The Borrower shall not use a subservicer with respect to any Covered Mortgage Loan without the Lender’s prior written consent; provided that Lender will be deemed to consent if the subservicer is approved by the Owner.

• Such interest rate may not exceed (i) during the Fixed Rate Period, the three-month BUBOR prevailing on the first day of the month in which the interest commencement date falls, and (ii) following the termination of the Fixed Rate Period, the interest rate applied by the Relevant Creditor to HUF denominated loans made for the same purpose as that of the underlying Covered Mortgage Loan.

More Definitions of Covered Mortgage Loan

Covered Mortgage Loan. A Mortgage Loan categorized as Covered pursuant to Appendix E of Standard & Poor’s Glossary.

Covered Mortgage Loan means any credit trans-

Covered Mortgage Loan. Each Mortgage Loan covered by the PMI Policy, as identified on Schedule 2 of the Pooling and Servicing Agreement.

Covered Mortgage Loan. A Mortgage Loan categorized as Covered pursuant to Appendix E of Standard & Poor’s Glossary. Credit Risk Manager: Xxxxx Fargo Bank, N.A.

Covered Mortgage Loan. A Mortgage Loan categorized as Covered pursuant to Appendix E of Standard & Poor’s Glossary. Credit Risk Management Agreement: Each agreement between the Credit Risk Manager and the Servicers and the Credit Risk Manager and the Master Servicer, dated as of April 20, 2006. Credit Risk Manager: Xxxxxxx Fixed Income Services Inc., a Colorado corporation, formerly known as The Murrayhill Company.

Covered Mortgage Loan means a first mortgage loan, other than

Covered Mortgage Loan means a federally related