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.
Sample 1Sample 2Sample 3
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.
Sample 1
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.
Sample 1

Examples of EPD Loan in a sentence

  • Early Payment Default Protection.In the event that any Mortgage Loan becomes an EPD Loan, Seller shall reimburse Purchaser in an amount equal to the original Purchase Price.

  • A DEL underwriter must review each EPD Loan for compliance with HUD underwriting requirements.

  • The Seller will also pay the Purchaser an early payment default administrative fee of $1,500 per EPD Loan, but the transfer of the related Servicing Rights to Purchaser shall not be rescinded.

  • In fact, despite repeated representations to HUD that it would conduct EPD Loan reviews as part of its quality control program, Residential Home quality control personnel undertook no steps to identify and review any EPD Loans, much less all EPD Loans.


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.
Sample 1
EPD Loan. As defined in Section 2.03(e) hereof.
Sample 1

Related to EPD Loan

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • ARD Loan Any Mortgage Loan that provides that if the unamortized principal balance thereof is not repaid on its Anticipated Repayment Date, such Mortgage Loan will accrue Additional Interest at the rate specified in the related Mortgage Note and the Mortgagor is required to apply excess monthly cash flow generated by the related Mortgaged Property to the repayment of the outstanding principal balance on such Mortgage Loan.

  • PPP Loan has the meaning set forth in Section 3.28.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Interfund loan means a loan of cash from one fund to another, subject to future repayment.

  • Revolving Advance has the meaning given in Section 2.1.

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • U.S. Revolving Loan means Loans made by a Lender in respect of its U.S. Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(a) and/or Section 2.24.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Canadian Loan means an extension of credit by a Canadian Lender to the Canadian Borrower under Article II in the form of a Committed Loan or a Swing Line Loan.