Fremont Mortgage Loan definition

Fremont Mortgage Loan. Each Mortgage Loan purchased by the Purchaser pursuant to a Fremont Purchase Agreement and identified as a "Fremont Mortgage Loan" on the Mortgage Loan Schedule.
Fremont Mortgage Loan. A Mortgage Loan which was acquired from Fremont by the Unaffiliated Seller pursuant to the Fremont Purchase Agreement, and which has been acquired by the Trust Fund.
Fremont Mortgage Loan. Each Mortgage Loan purchased by the Purchaser pursuant to the Fremont Purchase Agreement and identified as a “Fremont Mortgage Loan” on the Mortgage Loan Schedule. Fremont Purchase Agreement: The Amended and Restated Flow Mortgage Loan Purchase and Warranties Agreements, dated as of January 1, 2006, by and between Fremont and the Purchaser, solely insofar as the Fremont Purchase Agreement relates to the Fremont Mortgage Loans.

Examples of Fremont Mortgage Loan in a sentence

  • The Servicer shall remit to the Trustee on each Remittance Date an amount from its own funds equal to Compensating Interest payable by the Servicer for such Remittance Date; provided, however, the Servicer is not required to pay Compensating Interest on any Fremont Mortgage Loan, EquiFirst Mortgage Loan, Meritage Mortgage Loan, Conduit Mortgage Loan or Acoustic Mortgage Loan subject to an Interim Servicing Agreement for the period prior to the applicable Servicing Transfer Date.

  • If there is such a defect with respect to a Fremont Mortgage Loan of which the Trustee has received written notice, the Trustee shall pursue all legal remedies available to the Trustee, to enforce the rights of the Trust as "Sponsor" under the Fremont Agreements if the Trustee has received written notice from the Depositor to pursue such remedies.

  • If there is such a defect with respect to a Fremont Mortgage Loan, the Trustee shall take such actions, with the Depositor's consent, to enforce the rights of the Trust as "Purchaser" under Section 6.03 of the Fremont Agreements.

  • If there is such a defect with respect to an Accredited Mortgage Loan, a Fremont Mortgage Loan or a Wilmington Mortgage Loan of which the Trustee has received written notice, the Trustee shall pursue all legal remedies available to the Trustee, to enforce the rights of the Trust as "Sponsor" under the Accredited Agreements, the Fremont Agreements or the Wilmington Agreements, as applicable, if the Trustee has received written notice from the Depositor to pursue such remedies.

  • On or prior to the Closing Date, the Depositor shall cause to be delivered to the Custodian Assignments of Mortgages, in blank, for each Fremont Mortgage Loan.

  • Bates, 1989: A regional climate model for the western United States.

  • Each Servicer shall remit to the Trustee on each Remittance Date an amount from its own funds equal to Compensating Interest payable by such Servicer for such Remittance Date; provided, however, the Servicer is not required to pay Compensating Interest on any Fremont Mortgage Loan for the period prior to the applicable Servicing Transfer Date.

  • Each Servicer shall remit to the Trustee on each Remittance Date an amount from its own funds equal to Compensating Interest payable by such Servicer for such Remittance Date; provided, however, the Servicers are not required to pay Compensating Interest on any Acoustic Mortgage Loan or Fremont Mortgage Loan subject to an Interim Servicing Agreement for the period prior to the applicable Servicing Transfer Date.

  • If the Purchaser fails to deliver the required individual lost note affidavits within the specified period of time, the Trustee shall notify Fremont, American Home or IndyMac, as applicable, to take such remedial actions, including, without limitation, the repurchase by the Fremont of any Fremont Mortgage Loan within 30 days of the Closing Date, or the repurchase by American Home or IndyMac of any American Home Mortgage Loan or IndyMac Mortgage Loan, respectively, within 90 days of the Closing Date.

  • Each Servicer shall remit to the Trustee on each Remittance Date an amount from its own funds equal to Compensating Interest payable by such Servicer for such Remittance Date; provided, however, the Servicers are not required to pay Compensating Interest on any Fremont Mortgage Loan or Acoustic Mortgage Loan subject to an Interim Servicing Agreement for the period prior to the applicable Servicing Transfer Date.


More Definitions of Fremont Mortgage Loan

Fremont Mortgage Loan. Each Mortgage Loan originated by Fremont and listed on the Mortgage Loan Schedule.
Fremont Mortgage Loan. Each Mortgage Loan purchased by the Purchaser from the Responsible Party for which the Responsible Party is listed as the original loan seller on the Mortgage Loan Schedule.

Related to Fremont Mortgage Loan

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Split Mortgage Loan Any Mortgage Loan that is part of a Loan Combination. The only Split Mortgage Loans that are assets of the Trust as of the Closing Date are those that have the respective loan numbers (as set forth on the Mortgage Loan Schedule) listed on the Loan Combination Table under the column heading “Loan No. for related Mortgage Loan.”

  • Type 1 Mortgage Loan Any of the Mortgage Loans identified in Exhibit F-1 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, serviced under the WFHM Servicing Agreement and having a Mid-Month Receipt Period with respect to all types of Unscheduled Principal Receipts.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • REO Mortgage Loan Any Mortgage Loan which is not a Liquidated Loan and as to which the indebtedness evidenced by the related Mortgage Note is discharged and the related Mortgaged Property is held as part of the Trust Estate.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • ARD Mortgage Loan Any Mortgage Loan that is identified as having an Anticipated Repayment Date and a Revised Rate on the Mortgage Loan Schedule.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Group II Mortgage Loan A Mortgage Loan assigned to Loan Group II with a Stated Principal Balance at origination that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac loan limits.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Premium Mortgage Loan Any Group 1 Premium Mortgage Loan or Group 2 Premium Mortgage Loan.

  • MERS Mortgage Loan Any Mortgage Loan registered with MERS on the MERS System.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Residential mortgage loan means any loan primarily for

  • Jumbo Mortgage Loan Unless defined otherwise in the Transactions Terms Letter, a first lien Mortgage Loan (i) for which the original loan amount is greater than the applicable conventional conforming loan limits set by the Federal Housing Finance Authority in the jurisdiction where the related Mortgaged Property is located and (ii) which meets the transaction requirements set forth on Schedule 1 of the Transactions Terms Letter.

  • Countrywide Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Countrywide is the applicable Seller.

  • High Cost Mortgage Loan means a Mortgage Loan classified as (a) a “high cost” loan under the Home Ownership and Equity Protection Act of 1994 or (b) a “high cost,” “threshold,” “covered,” or “predatory” loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law, regulation or ordinance imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees).

  • Replacement Mortgage Loan A Mortgage Loan or Mortgage Loans in the aggregate substituted by the Seller for a Deleted Mortgage Loan, which must, on the date of such substitution, as confirmed in a Request for Release, (i) have a Stated Principal Balance, after deduction of the principal portion of the Scheduled Payment due in the month of substitution, not in excess of, and not less than 90% of, the Stated Principal Balance of the Deleted Mortgage Loan; (ii) if the Replacement Mortgage Loan is a fixed rate Mortgage Loan, have a fixed Mortgage Rate not less than or more than 1% per annum higher than the Mortgage Rate of the Deleted Mortgage Loan; (iii) have the same or higher credit quality characteristics than that of the Deleted Mortgage Loan; (iv) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (v) have a remaining term to maturity no greater than (and not more than one year less than) that of the Deleted Mortgage Loan; (vi) not permit conversion of the Mortgage Rate from a fixed rate to a variable rate; (vii) have the same lien priority as the Deleted Mortgage Loan; (viii) constitute the same occupancy type as the Deleted Mortgage Loan or be owner occupied; (ix) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Maximum Mortgage Rate not less than the Maximum Mortgage Rate on the Deleted Mortgage Loan, (x) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Minimum Mortgage Rate not less than the Minimum Mortgage Rate of the Deleted Mortgage Loan, (xi) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Gross Margin equal to or greater than the Gross Margin of the Deleted Mortgage Loan, (xii) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a next Adjustment Date not more than two months later than the next Adjustment Date on the Deleted Mortgage Loan, (xiii) comply with each representation and warranty set forth in Section 7 of the Mortgage Loan Purchase Agreement and (xiv) the Custodian has delivered a Final Certification noting no defects or exceptions.