Limited Documentation Program definition

Limited Documentation Program. The guidelines under which the Seller generally originates Mortgage Loans principally on the basis of the Loan-to-Value Ratio of the related Mortgage Loan and the creditworthiness of the Mortgagor.
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Limited Documentation Program. The guidelines under which the Originator generally originates Mortgage Loans principally on the basis of the Loan-to-Value Ratio of the related Mortgage Loan and the creditworthiness of the Mortgagor.
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Limited Documentation Program. The guidelines set forth on Exhibit 11 hereto under which the Seller generally originates Mortgage Loans principally on the basis of the Loan-to-Value Ratio of the related Mortgage Loan and the creditworthiness of the Mortgagor. The maximum Loan-to-Value Ratio permitted under the Limited Documentation Program is 75%.
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Examples of Limited Documentation Program in a sentence

  • Verification of employment and income except for Mortgage Loans originated under a Limited Documentation Program, all in accordance with Seller’s underwriting guidelines.

  • No fraud, error, omission (other than omissions in accordance with the Seller's Underwriting Guidelines with respect to Mortgage Loans originated under a Limited Documentation Program), misrepresentation or similar occurrence with respect to a Mortgage Loan has taken place on the part of any Person, including without limitation, the Mortgagor, any appraiser, any builder or developer, or any other party involved in the underwriting, origination or servicing of the Mortgage Loan.

  • No fraud, error, omission (other than omissions in accordance with the Responsible Party's Underwriting Guidelines with respect to Mortgage Loans originated under a Limited Documentation Program), misrepresentation or similar occurrence with respect to a Mortgage Loan has taken place on the part of any Person, including without limitation, the Mortgagor, any appraiser, any builder or developer, or any other party involved in the underwriting, origination or servicing of the Mortgage Loan.

  • Verification of employment and income except for Mortgage Loans originated under a Limited Documentation Program, all in accordance with the applicable Seller’s Underwriting Guidelines.

  • Verification of employment and income except for Mortgage Loans originated under a Limited Documentation Program, all in accordance with Seller's Product Guidelines.

  • Verification of employment and income except for Mortgage Loans originated under a Limited Documentation Program, all in accordance with Seller’s Underwriting Guidelines.

  • Verification of employment and income except for Mortgage Loans originated under a Limited Documentation Program, all in accordance with Seller’s Underwriting Standards.