Credit Grade. As defined in the Underwriting Guidelines.
Credit Grade means, with respect to a Mortgagor, the risk category for such Mortgagor as determined in accordance with the Underwriting Guidelines.
Credit Grade means Harmoney’s proprietary credit grade attributed to a Borrower, which Harmoney generates based on information provided by a Borrower and otherwise obtains in respect of that Borrower (including through Credit Checks), details of which are set out on the Website under the "Borrower FAQs" section; Disclosure Statement means Harmoney’s disclosure statement which is set out on the Website under the "Legal Agreements" section, as updated by Harmoney from time to time; FMCA means the Financial Markets Conduct Xxx 0000; Fully Funded in relation to a Loan Listing or a Loan means that Harmoney has received sufficient Orders from Investors to fund the full amount of:
Examples of Credit Grade in a sentence
To begin Practicum (CSP 755) in the Fall of the first year, students must gain a CREDIT GRADE in CSP 600L in the First Summer prior to the Fall semester.
RISK DYNAMICS FOR THE A+ CREDIT GRADE Note: Time series of conditional PDs for two given values of ω and the relationship between the realization of Z and the conditional PDs. The A credit grade ranging from AAA to A− is assigned to more than 83% of total credit risk exposure in housing sales guarantee products.
Students must complete aminimum of two semesters of Practicum (CSP 755 & CSP 765) with a CREDIT GRADE before enrolling in Traineeship.
GRADE 9 CREDIT GRADE 10 CREDITEnglish 91.0English 10 GRADE 11 CREDIT GRADE 12 CREDITEnglish*:1.0English*: * Specify the course next to the department listed.
The student’s unweighted numerical grade point average (GPA) for the marking period is used in determining eligibility.PRINCIPAL'S LIST - Those named to the Principal's List must have an unweighted GPA 94.5+HONOR ROLL - Those named to the Honor Roll must have an unweighted GPA 90 to 94.5PA CALCULATION – (Grade Points) COURSE GRADE CREDIT GRADE x CREDITS Math 80 5 400Science 90 7 630Phys.
More Definitions of Credit Grade
Credit Grade means Harmoney’s proprietary credit grade attributed to a Borrower, which Harmoney generates based on information provided by a Borrower and otherwise obtains in respect of that Borrower (including through Credit Checks), details of which are set out on the Website; Enforcement Costs in respect of a Loan means all costs, expenses, and liabilities actually incurred by Harmoney in enforcing or attempting to enforce the Loan or recovering or attempting to recover any amounts owing under it (including, for the avoidance of doubt, in selling a Loan that has been charged off), including without limitation all legal costs; FMCA means the Financial Markets Conduct Xxx 0000; Fully Funded in relation to a Loan Listing or a Loan means that Harmoney has received sufficient Orders from Investors to fund the full amount of:
Credit Grade means Harmoney’s proprietary credit grade attributed to a Borrower, which Harmoney generates based on information provided by a Borrower and otherwise obtains in respect of that Borrower (including through Credit Checks), details of which are set out on the Website;
Credit Grade. A". Under the "A" credit grade, the applicant generally must have (1) a minimum FICO score of 550 and a maximum of three 30-day late payments within the last 12 months on an existing mortgage loan or (2) a minimum FICO score of 620 with a maximum of one 60-day late payment within the last 12 months on an existing mortgage loan. No bankruptcy, discharge, or notice of default filings may have occurred during the preceding twenty- four months. Generally, the debt service-to-income ratio must be equal to or less than 50%. Subject to all other credit grade criteria, a maximum loan-to-value ratio of 90% is permitted for purchase money and/or refinance transactions. CREDIT GRADE: "B". Under the "B" credit grade, the applicant generally must have (1) a minimum FICO score of 550 and a maximum of one 60-day late payment within the last 12 months on an existing mortgage loan or (2) a minimum FICO score of 500 and a maximum of three 30-day late payments within the last 12 months on an existing mortgage loan. Additionally, one 90-day late payment is permitted within the last 12 months on an existing mortgage loan for a "B" credit grade provided the applicant has a minimum FICO score of 670. No bankruptcy, discharge, or notice of default filings may have occurred during the last 12 months. Generally, the debt service-to-income ratio must be equal to or less than 55%. Subject to all other credit grade criteria, a maximum loan-to-value ratio of 85% is permitted for purchase money and/or refinance transactions.
Credit Grade. C". Under the "C" credit grade, the applicant may generally have : (1) one 120-day late payment with a minimum FICO score of 580;
Credit Grade. D". Under the "D" credit grade, the applicant's derogatory consumer and mortgage credit history may be waived if a reasonable explanation for the problem is provided. The problem that caused the derogatory items to occur must no longer exist or must be resolved through the loan transaction. Generally, the debt-to-service income ratio must be equal to or less than 55%. Subject to all other credit grade criteria, a maximum loan-to-value ratio of 60% is permitted for purchase money and/or refinance transactions. <PAGE> YIELD ON THE CERTIFICATES DELAY IN DISTRIBUTIONS ON THE CLASS S CERTIFICATES The effective yield to holders of the Class S Certificates will be less than the yields otherwise produced by their respective pass-through rates and purchase prices because: o on the first Distribution Date one month's interest is distributable thereon even though 55 days will have elapsed from the date on which interest begins to accrue thereon; o on each succeeding Distribution Date, the interest distributable thereon is the interest accrued during the month preceding the month of such Distribution Date, which ends 24 days prior to such Distribution Date; and o during each Interest Accrual Period, other than the first Interest Accrual Period, interest accrues on a Notional Amount that may be less than the Notional Amount of such class actually outstanding for the first 24 days of such Interest Accrual Period.
Credit Grade is the credit grade or ranking for each Pledged Loan, determined in accordance with the Borrowers' Underwriting Guidelines.
Credit Grade. A credit application scoring methodology developed by the Seller to measure the credit risk of a borrower.