Early Buyout definition
Early Buyout means the purchase of a modified or defaulted Mortgage Loan by Seller from a GNMA Security.
Early Buyout means the purchase of a modified or defaulted mortgage loan from a ▇▇▇▇▇▇ ▇▇▇ Security.
Early Buyout means the purchase of a defaulted FHA Loan, VA Loan or USDA Loan by Seller from a GNMA Security.
Examples of Early Buyout in a sentence
With respect to Early Buyout Mortgage Loans, to the extent any of HUD, VA or USDA deducts any amounts owing by Nominee to HUD, VA or USDA, Seller shall deposit, or cause Nominee to deposit, to the Collection Account within two (2) Business Days following notice or knowledge of such deduction by HUD, VA or USDA, such deducted amounts into the applicable account.
With respect to each Underlying Mortgage Loan that is an Early Buyout Mortgage Loan that is subject to a Transaction hereunder, Seller shall be deemed to make the representations and warranties set forth below to Buyer as of the Purchase Date and as of each date such Underlying Mortgage Loan is subject to a Transaction.
More Definitions of Early Buyout
Early Buyout means the purchase of a modified or delinquent FHA Loan, VA Loan or USDA Loan by Seller from a pool of mortgage loans backing a GNMA Security.
Early Buyout means the purchase of a modified or defaulted FHA HECM by the Seller Parties from a GNMA Security.
Early Buyout means a Delinquency Early Buyout or a Modification Early Buyout or both, as the context may require.
Early Buyout means the purchase of a modified or delinquent FHA Loan, VA Loan or RD Loan by a Seller from a pool of mortgage loans backing a ▇▇▇▇▇▇ ▇▇▇ Security.
Early Buyout means the purchase of a modified or defaulted Mortgage Loan by Seller from a GNMA Security. “Effective Date” means the date upon which the conditions precedent set forth in Section 10 shall have been
Early Buyout means the purchase of a modified or delinquent FHA Loan, VA Loan or USDA Loan by Seller from a pool of
Early Buyout means a HECM Loan that is repurchased from a ▇▇▇▇▇▇ Mae securitization as a result of the HECM Loan Principal Balance equal or exceeding the ▇▇▇▇▇▇ ▇▇▇ HECM Repurchase Trigger.