HLTV Loan definition

HLTV Loan means any Mortgage Loan with a Loan-to-Value Ratio of 100% or more at the time of its origination.
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HLTV Loan means any Eligible Conventional HI/DC Qualifying Loan which (i) is secured by a Mortgage and (ii) had a loan-to-value ratio at origination of one hundred percent (100%) or more using the Borrower's market value determination of the premises securing such Eligible Conventional HI/DC Qualifying Loan as described in clause (iii)(12) of the definition of "Basic Eligibility Requirements".
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HLTV Loan. Any Conventional Mortgage Loan with a Combined Loan-to-Value Ratio in excess of 100%, as of the Cut-off Date and as indicated on the HLTV Loan Schedule.
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Examples of HLTV Loan in a sentence

  • Thereafter, upon the liquidation of each HLTV Loan, an amount equal to the related HLTV Account Allocation will be transferred on each Distribution Date to the Distribution Account as a portion of Available Funds for the related Loan Group.

  • The Master Servicer shall not be required to cause to be maintained flood insurance for any HLTV Loan secured by a lien other than a first priority lien that was originated by an Unaffiliated Originator which, by virtue of its license requirements, was not required to obtain flood insurance.

  • The collection practices used by each entity which has serviced the HLTV Loan have been in all respects legal, proper, prudent and customary in the mortgage servicing business.

  • Each HLTV Loan is a Qualifying HLTV Loan and is a Non-REMICable Mortgage Loan.

  • The Sponsor has not advanced funds, or induced or solicited any advance of funds by a party other than the Mortgagor directly or indirectly, for the payment of any amount required by the HLTV Loan.

  • The consolidated principal amount does not exceed the original principal amount of the related HLTV Loan.

  • With respect to any HLTV Loan originated by an Unaffiliated Originator, the Master Servicer shall not be required to cause to be maintained a hazard insurance policy for any HLTV Loan which is secured by a lien other than a first priority lien.

  • The substance of any such alteration or modification is reflected on the related HLTV Loan Schedule and has been approved by the primary mortgage guaranty insurer, if any.

  • No Mortgage Note has been modified, except as reflected on the related HLTV Loan Schedule, and evidence of any modification is in the related Mortgage File and has been supplied to the Indenture Trustee.


More Definitions of HLTV Loan

HLTV Loan means a Single-family Loan whose Cumulative Loan-to-value Ratio exceeds one hundred percent (100%), but does not exceed one hundred twenty-five percent (125%), and that is not eligible for purchase by Xxxxxx Mae, Xxxxxx Xxx or Xxxxxxx Mac under one of its Prime Loan purchase programs.
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HLTV Loan means a Residential Mortgage Loan (which may be a Qualified Second Loan) that meets all the requirements for a Nonconforming Mortgage Loan except that it has an original principal balance (or, in the case of a Qualified Second Loan, the sum of such original principal balance plus the principal balance, as of the origination of such Qualified Second Loan, of the related first priority Residential Mortgage Loan) which is greater than 95% of the appraised value of the real estate and the improvements securing such Mortgage Loan, in which case such Mortgage Loan must meet all requirements for sale to an Approved Investor pursuant to a commitment specifically covering such Mortgage Loan.
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HLTV Loan means a Residential Mortgage Loan that meets all the requirements for a Nonconforming Mortgage Loan except that it has an original principal balance greater than 95% of the appraised value of the real estate and the improvements securing such Mortgage Loan and such Mortgage Loan must meet all requirements for sale to an Approved Investor pursuant to a commitment specifically covering such Mortgage Loan.
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HLTV Loan. First Mortgage Loan" and "Second Mortgage Loan." The term "Mortgage Loan" includes any Mortgage Loan which is Delinquent, which relates to a foreclosure or which relates to a Mortgaged Property that is REO Property prior to such Mortgaged Property's disposition by the Trust and any Mortgage Loan the related Mortgagor of which is in bankruptcy. Any mortgage loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Sponsor, in fact was not transferred and assigned to the Trust for any reason whatsoever shall nevertheless be considered a "Mortgage Loan" for all purposes of this Agreement.
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HLTV Loan means a First Mortgage Loan or a Second Mortgage Loan with loan-to-value or collateral loan-to-value greater than 100% but less then 125%, and which loans are subject to a takeout commitment from GMAC Residential Funding Corp."
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Related to HLTV Loan

  • 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.

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

  • 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.

  • 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.

  • 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;

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

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

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • 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.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

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

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • 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.

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • Term Loan has the meaning specified in Section 2.01(b).

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Existing Loan means the loan identified on Exhibit H.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement.

  • Loan Pool means: (a) in the context of a Securitization, any pool or group of loans that are a part of such Securitization; (b) in the context of a Transfer, all loans which are sold, transferred or assigned to the same transferee; and (c) in the context of a Participation, all loans as to which participating interests are granted to the same participant.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Initial Loan is defined in Section 2.1.