Delinquency Recognition Policies definition

Delinquency Recognition Policies. The generally accepted industry standard that defines the proper means of reporting delinquency status (such as MBA versus OTS reporting methodology) and the processing standard for addressing residential mortgage loans of the same type as the Mortgage Loans at various stages throughout default (such as Xxxxxx Xxx Guide or FHLMC Guide standards).
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Delinquency Recognition Policies. The delinquency recognition policies as provided by the Servicer.
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Delinquency Recognition Policies. The delinquency recognition policies set forth in Exhibit Q. Depositor: The depositor, as such term is defined in Regulation AB, with respect to any Pass-Through Transfer.
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Examples of Delinquency Recognition Policies in a sentence

  • In determining the delinquency status of any Mortgage Loan, the Servicer will use Delinquency Recognition Policies as described to and approved by the Depositor, and shall revise these policies as requested by the Depositor from time to time.

  • In determining the delinquency status of any Mortgage Loan, the Servicer will use Delinquency Recognition Policies, and shall revise these policies as reasonably requested by the Purchaser from time to time.

  • The company has also taken steps to reduce costs and maintains its strong competitive position in the market for the services it offers.

  • In determining the delinquency status of any Mortgage Loan, the Servicer will use Delinquency Recognition Policies in accordance with the terms set forth in the related pooling and servicing agreement.


More Definitions of Delinquency Recognition Policies

Delinquency Recognition Policies. The generally accepted industry standard that defines the proper means of reporting delinquency status when a loan is determined to be delinquent if the payment is not received by the end of the day immediately preceding the loan's next due date. Delinquency Test Violation: A Group I Delinquency Test Violation or a Group II Delinquency Test Violation, as applicable.
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Delinquency Recognition Policies. The Mortgage Bankers Association standard and methodology that defines the means of reporting delinquency status, and the processing standard included in the Xxxxxx Xxx Guide for addressing residential mortgage loans of the same type as the Mortgage Loans at various stages throughout default.
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Delinquency Recognition Policies. The delinquency recognition policies as provided by the Servicer. Delinquency Test Violation: If on any Distribution Date if the percentage obtained by dividing (x) the aggregate Outstanding Principal Balance of Mortgage Loans Delinquent 60 days or more (including Mortgage Loans that are in foreclosure, have been converted to REO Properties or have been discharged by reason of bankruptcy) by (y) the aggregate Outstanding Principal Balance of the Mortgage Loans, in each case, as of the last day of the previous calendar month, exceeds (i) prior to the Distribution Date in April 2011, 28.50% of the Credit Enhancement Percentage and (ii) on or after the Distribution Date in April 2011, 35.70%.
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Related to Delinquency Recognition Policies

  • Delinquency Collection Policies and Procedures The delinquency collection policies and procedures of the Interim Servicer, a copy of which is attached to the Interim Servicing Agreement as Exhibit 11.

  • Collection Policy means the collection policies of the initial servicer in effect on the Closing Date, as may be amended from time to time in accordance with the Servicing Standard.

  • Allocation Policy means the allocation policy of the Company adopted by the Managing Member in accordance with Section 5.1.

  • CREFC® Servicer Watch List/Portfolio Review Guidelines As of each Determination Date a report, including and identifying each Performing Serviced Loan satisfying the “CREFC® Portfolio Review Guidelines” approved from time to time by the CREFC® in the “CREFC® Servicer Watch List” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form (including other portfolio review guidelines) for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Credit and Collection Policies or “Credit and Collection Policy” means the policies, practices and procedures adopted by the Issuer on the Closing Date, including the policies and procedures for determining the creditworthiness of Obligors and the extension of credit to Obligors, or relating to the maintenance of those types of receivables and the related equipment and collections on those types of receivables and the related equipment.

  • Valuation Policy has the meaning assigned to such term in Section 5.12(b)(ii)(B).

  • Credit and Collection Policy means Seller’s credit and collection policies and practices relating to Contracts and Receivables existing on the date hereof and summarized in Exhibit VIII hereto, as modified from time to time in accordance with this Agreement.

  • Servicer Policies and Practices means, with respect to the Servicer’s duties under Exhibit A to the Servicing Agreement, the policies and practices of the Servicer applicable to such duties that the Servicer follows with respect to comparable assets that it services for itself and, if applicable, others.

  • Best Execution Policy means the Company’s prevailing policy available at the Company’s Website regarding best execution when executing client orders;

  • Xxxxxx Mae Guide The Xxxxxx Xxx Single Family Seller/Servicer Guide and all amendments or additions thereto.

  • Credit Card Guidelines means the respective policies and procedures of the Account Owner, as the case may be, as such policies and procedures may be amended from time to time, (a) relating to the operation of its credit card business, which generally are applicable to its portfolio of revolving credit card accounts and in each case which are consistent with prudent practice, including the policies and procedures for determining the creditworthiness of credit card customers and the extension of credit to credit card customers, and (b) relating to the maintenance of revolving credit card accounts and collection of credit card receivables.

  • CMSA Servicer Watch List means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Servicer Watch List" available as of the Closing Date on the CMSA Website, or in such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Program Guide The Residential Funding Seller Guide for mortgage collateral sellers that participate in Residential Funding's standard mortgage programs, and Residential Funding's Servicing Guide and any other subservicing arrangements which Residential Funding has arranged to accommodate the servicing of the Mortgage Loans.

  • Xxxxxx Mae Guides The Xxxxxx Xxx Xxxxxxx’ Guide and the Xxxxxx Mae Servicers’ Guide and all amendments or additions thereto.

  • Fannie Mae Guides The Fannie Mae Sellers' Guide and the Fannie Mae Serxxxxxx' Xxide and all axxxxxxxxx xx xxxxxions thereto.

  • Fxxxxx Mae Guides The Fxxxxx Mxx Selling Guide and the Fxxxxx Mae Servicing Guide and all amendments or additions thereto.

  • Fraud Monitoring System means an off-line administration system that monitors suspected occurrences of ABT- related fraud.

  • Procurement Guidelines means the “Guidelines: Procurement under IBRD Loans and XXX Credits” published by the Bank in May 2004 and revised in October, 2006.

  • CMSA Historical Liquidation Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Historical Liquidation Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.