DE Compare Ratio definition

DE Compare Ratio means the Two Year FHA Direct Endorsement Lender Compare Ratio, excluding streamline FHA refinancings, as made publicly available by HUD.
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DE Compare Ratio means either the DE Compare (public) Ratio or the DE Compare (private) Ratio, as applicable.
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DE Compare Ratio has the meaning set forth in the DE Compare Report.
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Examples of DE Compare Ratio in a sentence

  • To the extent FHA Loans are subject to a Transaction, the applicable Seller Party’s DE Compare Ratio is less than 250%.

  • Seller’s DE Compare Ratio has not (i) on and after the date Seller’s DE Compare Ratio was at least 100%, increased by more than 25% or (ii) exceeded 150%, for the calendar month ending [DATE].

  • Seller’s DE Compare Ratio as of the most recent calendar quarter has not exceeded 195%.

  • Seller’s most recent DE Compare Ratio is listed on Schedule 6 hereto.

  • With respect to Seller, in the event that either (i) less than or (ii) equal to or greater than, in either case, 500 originations are used in determining the applicable DE Compare Ratio, then the (a) DE Compare (public) Ratio or (b) DE Compare (private) Ratio, as applicable, shall not exceed 150%.

  • Seller’s DE Compare Ratio as of the last day of the most recent calendar quarter has not exceeded [***].

  • Seller’s DE Compare Ratio with respect to each of its DE Compare Report shall not (i) on and after the date Seller’s DE Compare Ratio is at least 100%, increase by more than 25% or (ii) exceed 150%.

  • Seller’s DE Compare Ratio as of the most recent calendar quarter has not exceeded [***] Each Transaction Request delivered by Seller hereunder shall constitute a certification by Seller that all the conditions set forth in this Section 3(b) (other than clause (xii) hereof) have been satisfied (both as of the date of such notice or request and as of Purchase Date).

  • Seller’s DE Compare Ratio is less than [***] (provided, that, with respect to the DE Compare Ratio calculated using the data for calendar months ending December 31, 2017 and January 31, 2018, such condition precedent shall not apply) and HUD has not suspended Seller’s ability to originate FHA Loans in one or more jurisdictions.

  • Seller’s DE Compare Ratio as of the last day of the most recent calendar quarter has not exceeded [***]; provided however, that this condition precedent shall not apply during the 2018 calendar year unless HUD is no longer suspending its right to terminate Seller’s FHA Insurance privileges as a result of payment forbearances that increase Seller’s DE Compare Ratio above [***].


More Definitions of DE Compare Ratio

DE Compare Ratio means the Two Year FHA Direct Endorsement Lender Compare Ratio, excluding streamline FHA refinancings, as made publicly available by HUD. LEGAL02/41326134v4
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Related to DE Compare Ratio

  • Consolidated First Lien Net Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Net Debt (other than any portion of Consolidated Net Debt that is unsecured or is secured solely by a Lien that is expressly subordinated to the Liens securing the Obligations) as of such date to (b) Consolidated EBITDA for the most recent Test Period.

  • Consolidated Total Net Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Net Debt as of such date to (b) Consolidated EBITDA for the most recent Test Period.

  • Dilution Horizon Ratio means, as of any Cut-off Date, a ratio (expressed as a decimal), computed by dividing (i) the aggregate sales generated by the Originators during the Calculation Period ending on such Cut-Off Date, by (ii) the Net Pool Balance as of such Cut-Off Date.

  • Delinquency Ratio means the ratio (expressed as a percentage and rounded to the nearest 1/100 of 1%, with 5/1000th of 1% rounded upward) computed as of the last day of each calendar month by dividing: (a) the aggregate Outstanding Balance of all Pool Receivables that were Delinquent Receivables on such day by (b) the aggregate Outstanding Balance of all Pool Receivables on such day.

  • Consolidated Total Capitalization means the sum of Consolidated Net Worth and Consolidated Funded Debt.

  • Consolidated First Lien Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date that is secured on a first lien basis by assets or properties of Holdings or any Subsidiaries to (b) Consolidated EBITDA of Holdings and its Subsidiaries on a consolidated basis for the most recently completed Measurement Period.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • CET1 Ratio means, as of any Balance Sheet Date, the CET1 Capital as of such Balance Sheet Date, divided by the BIS Risk Weighted Assets as of such Balance Sheet Date, expressed as a percentage, such ratio (or the components thereof) as determined by the Group Holding Company, and (i) as disclosed in the Quarterly Financial Accounts published on the relevant Ordinary Publication Date or (ii) constituting (or as disclosed in) the Reviewed Interim Measurement published upon the instruction of the FINMA on the relevant Extraordinary Publication Date, as applicable.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed four fiscal quarters.