Mortgage 100SM Loan. A Mortgage Loan identified on Exhibit N hereof that has a Loan-to-Value Ratio at origination in excess of 80.00% and that is secured by Additional Collateral and does not have a Primary Insurance Policy.
Mortgage 100SM Loan. A Mortgage Loan secured by Additional Collateral in the form of a security interest in the Securities Account and the financial assets held therein and having a value, as of the date of origination of such Mortgage Loan, of at least equal to the related Original Additional Collateral Requirement.
Mortgage 100SM Loan means a Mortgage Loan secured by Additional Collateral in the form of a security interest in the securities and other assets held in a Trading Account and having a value, as of the date of origination of such Mortgage Loan, at least equal to the related Original Additional Collateral Requirement.
More Definitions of Mortgage 100SM Loan
Mortgage 100SM Loan. A Mortgage Loan having at the time of origination a Loan-to-Value Ratio generally in excess of MLCC's maximum acceptable Loan-to-Value Ratio for such Mortgage Loan, which Mortgage Loan is secured by additional collateral in the form of a security interest in marketable securities having a market value, as of the date of such loan's origination, of in most cases at least equal to the Original Additional Collateral Requirement.
Mortgage 100SM Loan. A Mortgage Loan that has a Loan-to-Value Ratio at origination in excess of 80.00% and that is secured by Additional Collateral and does not have a Primary Mortgage Insurance Policy.
Mortgage 100SM Loan. Not applicable.
Mortgage 100SM Loan. A Mortgage Loan identified on Schedule D hereof that has a Loan-to-Value Ratio at origination in excess of 80.00% and that is secured by Additional Collateral is not the subject of a Primary Mortgage Insurance Policy.
Mortgage 100SM Loan means a Mortgage Loan having at the time of origination a Loan-to-Value Ratio generally in excess of MLCC’s maximum acceptable Loan-to-Value Ratio for such Mortgage Loan, which Mortgage Loan is secured by Additional Collateral having a market value, as of the date of such loan’s origination, at least equal to the related Original Additional Collateral Requirement.
Mortgage 100SM Loan means a Mortgage Loan secured by Additional Collateral having a value, as of the date of origination of such Mortgage Loan, of at least equal to the related Original Additional Collateral Requirement. “Mortgage 100sm Pledge Agreement” means, with respect to each Mortgage 100sm Loan, the Pledge Agreement for Securities Account between the related Mortgagor and MLCC pursuant to which such Mortgagor granted a security interest in the related Securities and other financial assets held therein. “Mortgage File” shall mean the file containing (a) the Mortgage or other deed of trust, security deed, mortgage, or any other instrument which constitutes a first lien on the Mortgaged Property securing payment by a Mortgagor of a Mortgage Note, (b) the Mortgage Note, (c) the Assignments, if any, and (d) the credit and closing packages, custodial documents, applicable servicing documents, escrow documents and all other files, records and documents necessary to establish the eligibility of the Mortgage Loans for purchase. “Mortgage Instrument” means any deed of trust, security deed, mortgage, or any other instrument which constitutes a first lien or second lien on the improved Mortgaged Property securing payment by a mortgagor of a Mortgage Note. “Mortgage Loan” means a domestic, consumer purpose, one-to-four family residential purchase money or refinance closed-end mortgage loan or open-end mortgage loan. The term “Mortgage Loan” as used herein shall include, but not be limited to, Conforming Conventional Mortgage Loans, Jumbo/Non-Conforming Mortgage Loans, PrimeFirst® Loans, Construction Loans, and Equity Access Loans. “Mortgage Loan Documents” means the Mortgage Instruments, Mortgage Notes and Assignments. “Mortgage Loan Pricing” means the interest rates, discount points, loan origination fees, loan application fee, closing costs and other associated cost elements for a Mortgage Loan. Loan Purchase and Sale Agreement
Mortgage 100SM Loan. A Mortgage Loan that has a Loan-to-Value Ratio at origination in excess of 95.00% and that is secured by Additional Collateral, and is designated a "Mortgage 100(sm) Loan".