Days Delinquent definition

Days Delinquent shall refer to the number of days a Mortgage Loan is delinquent using the MBA Method of Delinquency.
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Days Delinquent. A Mortgage Loan is "30 days Delinquent" if any Monthly Payment due thereon has not been received by the close of business on the corresponding day of the month immediately succeeding the month in which such Monthly Payment was due corresponding to the day that such monthly payment was due , or, if there is no such corresponding day (e.g., as when a 30-day month follows a 31-day month in which a payment was due on the 31st day of such month) then on the last day of such immediately succeeding month. Similarly for "60 days Delinquent," "90 days Delinquent" and so on.
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Days Delinquent shall have the meaning set forth in the Pricing Side Letter.
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Examples of Days Delinquent in a sentence

  • Other than Forbearance Loans subject to a Transaction prior to December 4, 2020, no Mortgage Loan has been ninety (90) days or more Days Delinquent since origination date.

  • This attachment to the Trading Partner Agreement provides additional detail on the use of electronic data interchange (EDI) by HUD to approved FHA mortgage lenders/servicers in lieu of providing paper form HUD 92068-A, 30 or More Days Delinquent Loan Report - Single Family Default Monitoring System.

  • Time 90 Days Delinquent in Past 12 A Indicates the number of times a loan payment has been made 90 or more Months days delinquent in the past 12 months.

  • DELINQUENCIES AND LOSSES --RECEIVABLES End of the Month Delinquencies 30-59 Days Delinquent .

  • Time 30 Days Delinquent in Past 12 A Indicates the number of times a loan payment has been made 30 or more Months days delinquent in the past 12 months.

  • Time 60 Days Delinquent in Past 12 A Indicates the number of times a loan payment has been made 60 or more Months days delinquent in the past 12 months.

  • Time 30 Days Delinquent in A Indicates the number of times a loan payment has been made Past 12 Months 30 or more days delinquent in the past 12 months.

  • With respect to the Mortgage Loan, other than a Mortgage Loan that is 30 Days Delinquent or 60 Days Delinquent, no payment required under the Mortgage Loan is delinquent nor has any payment under the Mortgage Loan been delinquent at any time since the origination of the Mortgage Loan.

  • Time 30 Days Delinquent in Past 12 Months Indicates the number of times a loan payment has been made 30 or more days delinquent in the past 12 months.

  • Time 60 Days Delinquent in A Indicates the number of times a loan payment has been made Past 12 Months 60 or more days delinquent in the past 12 months.


More Definitions of Days Delinquent

Days Delinquent and “Monthly Payment” in Section 2 of the Existing Repurchase Agreement is hereby deleted in its entirety and replaced by the following:
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Days Delinquent. With respect to each Mortgage Loan, the number of days a Mortgagor fails to make a Monthly Payment using the MBA Method of Delinquency.
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