EPD Loan definition

EPD Loan means a mortgage loan as to which the mortgagor has not timely made the first three monthly payments following the origination date of such mortgage loan, irrespective of any applicable grace period.
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EPD Loan. A Mortgage Loan that the Transferor is required to repurchase due to an Early Payment Default (as defined in the Transfer Agreement) pursuant to Section 8 of the Transferor Letter Agreement.
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EPD Loan. As defined in Section 2.03(e) hereof.
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Examples of EPD Loan in a sentence

  • The purchase price paid for an EPD Loan by the Transferor pursuant to the terms of the Transfer Agreements plus any related amounts, if any, paid by the Seller pursuant to Section 1.04(d) of the Mortgage Loan Sale Agreement.

  • Intention of the Parties Section 7.08 Successors and Assigns; Assignment of this Agreement Section 7.09 Survival Schedule I Mortgage Loan Schedule Schedule II EPD Loan List MORTGAGE LOAN PURCHASE AGREEMENT, dated as of March 23, 2007, (the “Agreement”), between CREDIT-BASED ASSET SERVICING AND SECURITIZATION LLC (“C-BASS” or the “Seller”) and CITIGROUP MORTGAGE LOAN TRUST INC.

  • The purchase price paid for an EPD Loan by the Transferor pursuant to the terms of the Transfer Agreement.

  • To the extent that the purchase price of any EPD Loan purchased by the Originator pursuant to this Section 2.03(e) exceeds the Purchase Price for such Mortgage Loan, the Trustee shall remit such excess to the Seller.


More Definitions of EPD Loan

EPD Loan means a Loan for which the first, second or third Monthly Payment has been delinquent during the first three months after origination of such Loan.
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EPD Loan. A Mortgage Loan, which is identified on Schedule B hereof, that the Transferor is required to repurchase due to an Early Payment Default (as defined in the related Transfer Agreement) pursuant to Section 20 of the applicable Transferor Letter Agreement.
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