CRA Aggregation Mortgage Loan definition
CRA Aggregation Mortgage Loan. An Agency Eligible Mortgage Loan or Government Mortgage Loan that is intended to be sold to an Approved Investor, other than an Agency, for purposes of such Approved Investor, at its sole discretion, seeking credits for the Community Reinvestment Act (“CRA”) (1977) (12 U.S.C. 2901-Regulations 12 CFR parts 25, 228, 345, and 195).
Examples of CRA Aggregation Mortgage Loan in a sentence
Except with respect to any Dry Mortgage Loan that is also a CRA Aggregation Mortgage Loan which has been previously pledged, sold or financed pursuant to a repurchase, warehouse or similar credit facility between Seller and [Deutsche Bank AG, Cayman Islands Branch], no Mortgage Loan has been previously sold, pledged or otherwise transferred by Seller to a third party nor was any such Mortgage Loan subsequently repurchased by Seller (including transfers in connection with a securitization).