Loan Losses means the Unpaid Balance of any Pool Loans that have been, or should have been, written-off as uncollectible by Servicer in accordance with the Credit and Collection Policy.
Loan Losses. The aggregate of the Liquidation Loan Losses for all Liquidated Mortgage Loans.
Loan Losses. The aggregate sum of the amount, if any, by which (i) the outstanding principal balance of each Loan that became a Liquidated Loan during the calendar month preceding the month of the related Distribution Date (such principal balance determined immediately before such Loan became a Liquidated Loan) exceeds (ii) the Liquidation Proceeds received during the calendar month preceding the month of the related Distribution Date in connection with the liquidation of such Loan which have not theretofore been used to reduce the Stated Principal Balance of such Loan.
Examples of Loan Losses in a sentence
Includes the Provision for Loan Losses and a provision for lending-related commitments included in Other Expenses.
Allowance for Loan Losses: The allowance for loan losses is a valuation allowance for probable incurred credit losses, increased by the provision for loan losses and decreased by charge-offs less recoveries.
Allowance for Private Education Loan Losses The following table summarizes changes in the allowance for Private Education Loan losses.
Provision for Loan Losses Steady asset quality metricsVery difficult area to forecast.
Allowance for Loan Losses The allowance for loan losses is established through provisions for loan losses charged against income.
More Definitions of Loan Losses
Loan Losses means sales of loans for less than the loan amount or sales of REOs for less than the loan amount at the time of foreclosure plus expenses and other advances in maintaining and selling the REO.
Loan Losses. As defined in the Asset Purchase Agreement. Material Adverse Effect: As defined in the Asset Purchase Agreement. Material Contract: As defined in the Asset Purchase Agreement. Maximum Claim Amount: With respect to each Mortgage Loan, the lesser of the appraised value of the related Mortgaged Property or the maximum loan limit established for a one family residence under Section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (as adjusted where applicable under Section 214 of the National Housing Act). MERS: The Mortgage Electronic Registration System. MERS Mortgage Loan: A Mortgage Loan registered with MERS that either designates MERS as original mortgagee or is assigned to MERS. Mortgage: The mortgage, deed of trust or other instrument securing a Mortgage Note which creates a first lien on an unsubordinated estate in fee simple in real property securing the Mortgage Note, except that with respect to real property located in jurisdictions in which the use of leasehold estates for residential properties is a widely-accepted practice, the mortgage, deed of trust or other instrument securing the Mortgage Note may secure and create a first lien upon a leasehold estate of the Mortgagor. Mortgage File: With respect to each Mortgage Loan, the Collateral File and the Servicing File, including the Mortgage Loan Documents. Mortgage Interest Rate: The annual rate at which interest accrues on any Mortgage Loan in accordance with the provisions of the related Mortgage Note.
Loan Losses. For all Liquidated Mortgage Loans, the aggregate amount, if any, by which the principal balance of each such loan plus accrued and unpaid interest thereon plus unreimbursed Servicing Advances is in excess of the Liquidation Proceeds realized thereon.
Loan Losses. For any Distribution Date, the sum of the aggregate of Liquidated __________ Loan Losses for all __________ Loans that became Liquidated __________ Loans as of such Distribution Date.
Loan Losses. With respect to the Pledged Loans securing a Series, as of the Determination Date, the aggregate amount of losses on such Pledged Loans in connection with defaults, delinquencies, foreclosures and other losses not recovered under any applicable Insurance Policies occurring during the Due Period.
Loan Losses has the meaning assigned to it in Section 2(e)(3) hereof.
Loan Losses is defined in Section 2.3(b)(ii) of Exhibit G.