First Lien Mortgage Loan definition

First Lien Mortgage Loan. A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

First Lien Mortgage Loan. Any Mortgage Loan secured by a first lien on the related Mortgaged Property.

First Lien Mortgage Loan means a loan secured by a perfected first lien mortgage on real property.

Examples of First Lien Mortgage Loan in a sentence

• Each related Mortgage is a valid, subsisting and enforceable First Lien (with respect to a First Lien Mortgage Loan) or Second Lien (with respect to a Second Lien Mortgage Loan) on the related Mortgaged Property, including all improvements on the Mortgaged Property.

• The Mortgage is a valid, subsisting and enforceable first lien (with respect to a First Lien Mortgage Loan) or second lien (with respect to a Second Lien Mortgage Loan) on the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing.

• The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority (with respect to a First Lien Mortgage Loan) or second lien priority (with respect to a Second Lien Mortgage Loan) by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence acceptable to Fannie Mae and Freddie Mac.

• The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority (with respect to a First Lien Mortgage Loan) or second lien priority (with respect to a Second Lien Mortgage Loan) by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence acceptable to prudent lenders in the secondary mortgage market.

• The Mortgage is a valid, subsisting, enforceable and perfected first lien (with respect to a First Lien Mortgage Loan) or second lien (with respect to a Second Lien Mortgage Loan) on the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing.

More Definitions of First Lien Mortgage Loan

First Lien Mortgage Loan. A Mortgage Loan secured by a Mortgage in first lien position on the related Mortgaged Property. Fitch: Fitch, Inc., or any successor thereto.

First Lien Mortgage Loan. With respect to each Mortgage Loan, any mortgage loan secured by a first lien Mortgage on the related Mortgaged Property. Fitch: Fitch, Inc., and its successors in interest. If Fitch is designated as a Rating Agency in the Preliminary Statement, for purposes of Section 10.05(b) the address for notices to Fitch shall be Fitch, Inc., Oxx Xxxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: MBS Monitoring - GSAMP Trust 2006-S2, or such other address as Fitch may hereafter furnish to the Depositor, the Servicer and the Trustee.

First Lien Mortgage Loan. A Mortgage Loan secured by a first-lien Mortgage on the related Mortgaged Property. Fitch: Fitch, Inc., or any successor thereto. If Fitch is designated as a Rating Agency in the Preliminary Statement, for purposes of Section 10.05(c) the address for notices to Fitch shall be Fitch, Inc., One State Street Plaza, New York, New York 10004, Attention: MBS Monitoxxxx - Xxxxxxxxxxx Xxxxx Xxxxxx Xxxxxxxxxxx XXX Trust 2006-WM3, or such other address as Fitch may hereafter furnish to the Depositor, the Trustee and the Servicer.

First Lien Mortgage Loan means an Eligible Mortgage Loan ------------------------ secured by the lien on the Mortgaged Property, subject to no prior liens on such Mortgaged Property other than Permitted Exceptions.

First Lien Mortgage Loan. A Mortgage Loan secured by a first priority lien Mortgage on the related Mortgaged Property. Fitch: Fitch, Inc. or any successor in interest. Xxxxxxx Mac: Xxxxxxx Mac, or any successor thereto.

First Lien Mortgage Loan. Any Mortgage Loan secured by a first lien on the related Mortgaged Property. Fitch Ratings: Fitch, Inc., or any successor in interest.

First Lien Mortgage Loan. Any Mortgage Loan sexxxxx bx x first lien on the related Mortgaged Property.