HARP Loan means a Loan that is eligible (including pursuant to exceptions or variances provided to Seller) for sale to, or securitization by, Xxxxxx Xxx or Xxxxxxx Mac that are (a) refinance mortgage loans originated pursuant to Xxxxxx Mae’s Home Affordable Refinance Program as announced in Xxxxxx Xxx Announcement SEL-2011-12, as set forth in subsequent Announcements, FAQs, Selling Guide updates and Servicing Guide updates issued by Xxxxxx Mae in connection with such program (“HARP 2.0”), or (b) refinance mortgage loans originated pursuant to HARP 2.0 as it applies to the Refi Plus option applicable to “same servicers”, as amended by the applicable variances delivered by Xxxxxx Xxx to Quicken Loans, or (c) refinance mortgage loans originated pursuant to Xxxxxxx Mac’s Home Affordable Refinance Program (as such program is amended, supplemented or otherwise modified, from time to time) and referred to by Xxxxxxx Mac as a “Relief Refinance Mortgage”.
HARP Loan means a mortgage loan which has been refinanced pursuant to the Home Affordable Refinance Program guidelines issued by the Federal Housing Finance Authority and conforms to the most recently published underwriting and eligibility criteria of Xxxxxx Xxx or Xxxxxxx Mac, in addition to the Buyer’s published guidelines for such mortgage loans, as determined by Buyer in its sole discretion.
HARP Loan means a Xxxxxx Xxx Loan or a Xxxxxxx Mac Loan that fully conforms to the Home Affordable Refinance Program (as such program is amended, supplemented or otherwise modified, from time to time), or is referred to by Xxxxxx Xxx as a “Refi Plus mortgage loan” or “DU Refi Plus mortgage loan”, or by Xxxxxxx Mac as a “Relief Refinance Mortgage,” respectively.
Examples of HARP Loan in a sentence
Each HARP Loan, as of the date of origination, meets the applicable borrower benefit requirements as defined by the applicable Agency subject to any exceptions or variances provided to Seller.
No Loan (other than a HARP Loan) shall have an LTV or CLTV greater than 100%.
Each HARP Loan was originated in strict compliance with and remains in compliance with the applicable guidelines established by the Agencies and the guidance issued by the Federal Housing Finance Authority, Xxxxxx Xxx and Xxxxxxx Mac for origination of mortgage loans under the Home Affordable Refinance Program.
Each HARP Loan was originated through the Seller’s retail origination channel.
In addition and anything to the contrary in this Agreement notwithstanding, at no time shall the HARP Loan Percentage exceed ten percent (10%).
More Definitions of HARP Loan
HARP Loan means a Mortgage Loan which (a) is secured by a first lien, (b) conforms to the requirements of an Agency for securitization or cash purchase and (c) is a refinance Mortgage Loan originated in accordance with and pursuant to the Home Affordable Refinance Program 2.0, as amended, supplemented or otherwise modified from time to time.
HARP Loan means a Mortgage Loan, that is made to refinance a Mortgage Loan that (a) is currently owned by Xxxxxx Xxx or Xxxxxxx Mac; (b) has been modified by Seller and the Mortgagor of such Mortgage Loan in strict accordance with the requirements of HARP 2.0 for such Mortgage Loan; and (c) is eligible for purchase by Xxxxxx Xxx or Xxxxxxx Mac.
HARP Loan means a Mortgage Loan issued under the Home Affordable Refinance Program administered by the Federal Housing Finance Agency, as such program may be in effect from time to time.
HARP Loan means a Loan that is eligible (including pursuant to exceptions or variances provided to Seller) for sale to, or securitization by, Fannie Mae or Freddie Mac that are (a) refinance mortgage loans originated pursuant to Fannie Mae’s Home Affordable Refinance Program as announced in Fannie Mae Announcement SEL-2011-12, as set forth in subsequent Announcements, FAQs, Selling Guide updates and Servicing Guide updates issued by Fannie Mae in connection with such program (“HARP 2.0”), or (b) refinance mortgage loans originated pursuant to HARP 2.0 as it applies to the Refi Plus option applicable to “same servicers”, as amended by the applicable variances delivered by Fannie Mae to Rocket Mortgage, LLC, or (c) refinance mortgage loans originated pursuant to Freddie Mac’s Home Affordable Refinance Program (as such program is amended, supplemented or otherwise modified, from time to time) and referred to by Freddie Mac as a “Relief Refinance Mortgage”.
HARP Loan means a Loan that is eligible (including pursuant to exceptions or variances provided to Seller) for sale to, or securitization by, Xxxxxx Xxx or Xxxxxxx Mac that are (a) refinance mortgage loans originated pursuant to Xxxxxx Mae’s Home Affordable Refinance Program as announced in Xxxxxx Xxx Announcement SEL-2011-12, as set forth in subsequent Announcements, FAQs, Selling Guide updates and Servicing Guide updates issued by Xxxxxx Mae in connection with such program (“HARP 2.0”), or (b) refinance mortgage loans originated pursuant to HARP 2.0 as it applies to the Refi LEGAL02/40118759v8 Plus option applicable to “same servicers”, as amended by the applicable variances delivered by Xxxxxx Xxx to Quicken Loans, or (c) refinance mortgage loans originated pursuant to Xxxxxxx Mac’s Home Affordable Refinance Program (as such program is amended, supplemented or otherwise modified, from time to time) and referred to by Xxxxxxx Mac as a “Relief Refinance Mortgage”.
HARP Loan means a refinancing of an FHA, Xxxxxx Xxx or Xxxxxxx Mac loan under the Federal Housing Finance Agency’s Home Affordable Refinance Program;”.
HARP Loan means any Mortgage Loan that has been modified under the U.S. Department of the Treasury’s Home Affordable Refinance Program.