Eligible Jumbo Mortgage Loan definition
Eligible Jumbo Mortgage Loan means an Eligible Asset which: (i) is a Jumbo Mortgage Loan; (ii) meets the parameters for purchase of either (A) at least two Approved Investors identified on Schedule I as an Approved Jumbo Loan Investor or (B) a Jumbo Loan High LTV Purchaser; (iii) notwithstanding clause (ii), in the case of an Oversize Jumbo Loan, there shall be an Approved Investor Commitment specifically covering such Mortgage Loan); (iv) is made to an obligor with a FICO Score of not less than [***] (or not less than [***] if the loan has a loan to value ratio of [***] or less); and (v) has a loan to value of [***] (a [***] LTV where the Approved Investor is a Jumbo Loan High LTV Purchaser) or less.
Eligible Jumbo Mortgage Loan means a Mortgage Loan with respect to which each of the following are accurate and complete (and the Company by confirming the inclusion of such Mortgage Loan in any computation of the Collateral Value of the Borrowing Base by the Lender shall be deemed to so represent and warrant to the Lender at and as of the date of such computation):
Eligible Jumbo Mortgage Loan means an Eligible Mortgage Loan which: (i) is a Jumbo Mortgage Loan; and (ii) is subject to an Approved Investor Commitment.
Examples of Eligible Jumbo Mortgage Loan in a sentence
Each Eligible Jumbo Mortgage Loan and each Eligible Non-Conforming Mortgage Loan included in the Tranche A Borrowing Base is specifically allocated to a Take-Out Commitment.
More Definitions of Eligible Jumbo Mortgage Loan
Eligible Jumbo Mortgage Loan means a Mortgage Loan with respect to which each of the following statements is true and correct:
Eligible Jumbo Mortgage Loan. Eligible Agency MBS," "Eligible Mortgage Loan," "Eligible Non-Conforming Mortgage Loan," "Eligible Non-Jumbo Mortgage Loan," "Eligible Gestation Mortgage Loan," "Mortgage Loan" or "Agency MBS"; (b) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; (c) no amendment, waiver or consent shall, unless in writing and signed by the Co-Agent, affect the rights or duties of the Co-Agent under this Agreement or any other Loan Document; and (d) no amendment, waiver or consent shall, unless in writing and signed by the Swing-Line Lender, amend, waive or modify Section 2.1(c), 2.3(b) or Section 2.5(d), (e) or (f) or otherwise affect the rights or obligations of the Swing-Line Lender with respect to Swing-Line Loans.
Eligible Jumbo Mortgage Loan. Eligible Non-Agency Mortgage Loan", "Eligible Sub-Prime Mortgage Loan" or "Eligible Security".
Eligible Jumbo Mortgage Loan means an Eligible Mortgage Loan which: (i) is a Jumbo Mortgage Loan; (ii) is subject to an Approved Investor Commitment; (iii) has been included in Collateral for 180 days or less since the Pledge Date of such Mortgage Loan; and (iv) has been originated less than 120 days prior to its Pledge Date.