High LTV Refinance Option definition

High LTV Refinance Option means Fannie Mae's high loan-to-value refinance program, effective October 1, 2017, designed to provide refinance opportunities to borrowers with existing Fannie Mae mortgages who are current in their mortgage payments but whose loan- to-value ratios exceed the maximum permitted for standard refinance products under the Selling Guide.
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High LTV Refinance Option means Xxxxxx Mae's high loan-to-value refinance program, effective October 1, 2017, designed to provide refinance opportunities to borrowers with existing Xxxxxx Xxx mortgage loans who are current in their mortgage payments but whose loan-to-value ratios exceed the maximum permitted for standard refinance products under the Selling Guide.
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High LTV Refinance Option means Xxxxxx Mae's high loan-to-value refinance program, effective October 1, 2017, designed to provide refinance opportunities to borrowers with existing Xxxxxx Xxx mortgages who are current in their mortgage payments but whose loan- to-value ratios exceed the maximum permitted for standard refinance products under the Selling Guide.
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Examples of High LTV Refinance Option in a sentence

  • Eligibility Exclusions• Fannie Mae High LTV Refinance Option and Freddie Mac Enhanced Relief Refinance MortgageSM• DU Refi PlusTM & Freddie Mac Relief RefinanceSM — Open Access• Lender–negotiated guideline variances, waivers or programs unless approved by Genworth.

  • Exclusions from Simply Underwrite• Fannie Mae High LTV Refinance Option and Freddie Mac Enhanced Relief Refinance MortgageSM• Lender–negotiated guideline variances, waivers or programs unless approved by Genworth.

  • Page 87/83: Conventional Loan Products, 5th bulleted item• High LTV Refinance Option (FNMA) and Enhanced Relief Refinance (FHLMC) offer loans for borrowers who have a consistent mortgage repayment history, but the property has negative equity (mortgage balance exceeds appraised value).

  • Exclusions from Simply Underwrite• Fannie Mae High LTV Refinance Option and Freddie Mac Enhanced Relief Refinance MortgageSM• DU Refi PlusTM and Freddie Mac Relief RefinanceSM — Open Access• Lender–negotiated guideline variances, waivers or programs unless approved by Genworth.


More Definitions of High LTV Refinance Option

High LTV Refinance Option program implemented by Xxxxxx Xxx or the “Enhanced Relief Refinance” program implemented by Xxxxxxx Mac, as applicable.
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Related to High LTV Refinance Option

  • Permitted Junior Priority Refinancing Debt means secured Indebtedness incurred by the Borrower in the form of one or more series of second lien (or other junior lien) secured notes or debentures or second lien (or other junior lien) secured loans; provided that (i) such Indebtedness is secured by all or a portion of the Collateral on a second priority (or other junior priority) basis to the Liens securing the Obligations and any other First Lien Obligations and is not secured by any property or assets of Holdings, the Borrower or any Restricted Subsidiary other than the Collateral, (ii) such Indebtedness satisfies the applicable requirements set forth in the provisos in the definition of “Credit Agreement Refinancing Indebtedness” (provided that such Indebtedness may be secured by a Lien on the Collateral that is junior to the Liens securing the Obligations and any other First Lien Obligations, notwithstanding any provision to the contrary contained in the definition of “Credit Agreement Refinancing Indebtedness”), (iii) the holders of such Indebtedness (or their representative) and the Administrative Agent and/or the Collateral Agent shall be party to a Customary Intercreditor Agreement, and (iv) such Indebtedness is not at any time guaranteed by any Subsidiaries of the Borrower other than Subsidiaries that are Guarantors.

  • Permitted Refinancing Indebtedness means any Indebtedness of the Company or any of its Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to extend, renew, refund, refinance, replace, defease or discharge other Indebtedness of the Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided that:

  • Permitted Unsecured Refinancing Debt means Credit Agreement Refinancing Indebtedness in the form of unsecured Indebtedness (including any Registered Equivalent Notes) incurred by the Borrower in the form of one or more series of senior unsecured notes or loans; provided that such Indebtedness (i) constitutes Credit Agreement Refinancing Indebtedness and (ii) meets the Permitted Other Debt Conditions.

  • Refinancing Debt means Debt that refunds, refinances, renews, replaces or extends any Debt permitted to be Incurred by the Company or any Restricted Subsidiary pursuant to the terms of this Indenture, whether involving the same or any other lender or creditor or group of lenders or creditors, but only to the extent that:

  • Refinancing Indebtedness means Indebtedness that Refinances any Indebtedness of the Company or any Restricted Subsidiary existing on the Issue Date or Incurred in compliance with this Indenture, including Indebtedness that Refinances Refinancing Indebtedness; provided, however, that: