Mortgage Banking Business definition

Mortgage Banking Business means the business of issuing mortgage loans on residential properties (whether for purchase of homes or refinancing of existing mortgages), purchasing and selling mortgage loans, issuing securities backed by mortgage loans, acting as a broker of mortgage loans and other activities customarily associated with mortgage banking and related businesses.
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Mortgage Banking Business means the business of (i) originating, acquiring, holding, selling, transferring, securitizing or hedging loans secured by real estate or (ii) servicing such loans, or acquiring or holding the rights to service such loans, including engaging in such activities with respect to (A) loans transferred to, serviced for, holding servicing rights with respect to, or directly or indirectly insured by, an Agency, (B) securitizations or other secondary market activity guaranteed by or otherwise involving a Governmental Body, including an Agency, and (C) private label, non-conforming and other non-Agency loans, securitizations and secondary market activity.
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Mortgage Banking Business means the residential mortgage loan production and mortgage servicing business and operations (and associated assets) of Xxxx Xxxxxx Bank.
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Examples of Mortgage Banking Business in a sentence

  • The Company shall cause the Mortgage Subsidiaries to engage exclusively in the Mortgage Banking Business.

  • The Loan Parties shall cause the Mortgage Subsidiaries to engage exclusively in Mortgage Banking Business.

  • Therefore, it appears that the epithet Aelia had been incorrectly used to denote Solva.

  • We operate our business in three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking and Investment Portfolio.

  • Except as set forth on the Company Offices List or in connection with the Disposition of the Mortgage Banking Business, as of the date hereof, neither the Company nor any of the Company Subsidiaries maintains any other office or ATM or conducts business at any other location, and neither the Company nor the Company Subsidiaries has applied for or received permission to open any additional branch or operate at any other location.

  • For purposes of these restrictive covenants, "Non-Conforming Mortgage Banking Business" means the business of originating, purchasing, selling and servicing mortgage loans that are non-conforming with respect to documentation or other underwriting criteria or credit.

  • All of these factors place you in a unique position to advantageously compete with GreenPoint and/or its Affiliated Entities or assist a competitor in competing with GreenPoint and/or its Affiliated Entities in the Non-Conforming Mortgage Banking Business by utilizing such trade secrets or confidential information, including utilizing such information to lure away key GreenPoint employees.

  • Within three (3) Business Days after preparation thereof, copies of all internally prepared reports in respect of the Mortgage Banking Business of the type set forth on SCHEDULE 6.4(A)(IV), and all substantially similar reports prepared in the future which replace or supplement such reports, PROVIDED, HOWEVER, that quarterly management reports shall also include variance from the CCLP Approved Budget.

  • You acknowledge that GreenPoint will engage in the Non-Conforming Mortgage Banking Business throughout the country.

  • Moreover, you will have complete access to GreenPoint's and/or its Affiliated Entities' expertise in the Non-Conforming Mortgage Banking Business, its strategies and, perhaps most significantly, its highly trained staff.


More Definitions of Mortgage Banking Business

Mortgage Banking Business means the business of issuing mortgage loans on residential properties (whether for purchase of homes or refinancing of existing mortgages), purchasing and selling mortgage loans, issuing securities backed by mortgage loans, acting as a broker of mortgage loans, and other activities customarily associated with mortgage banking and related businesses. Mortgage Subsidiaries shall mean any corporations, limited partnerships or business trusts either organized after the Closing Date or designated as a Mortgage Subsidiary after the Closing Date, and in either instance, the capital stock of such corporations, limited partnerships or business trusts shall be owned by the Company or one or more of its Consolidated Subsidiaries and such corporations, limited partnerships or business trusts shall engage in the Mortgage Banking Business.
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Mortgage Banking Business means the business to be acquired pursuant to the Merger Agreement.
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Mortgage Banking Business means the business of (i) originating, acquiring, holding, selling, transferring, securitizing or hedging loans
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Mortgage Banking Business means the business of CCLP and its Subsidiaries of originating and underwriting Mortgage Loans, purchasing, holding or warehousing Mortgage Loans, marketing Mortgage Loans to Mortgage Loan Investors, and managing, servicing or sub-servicing Mortgage Loans during their repayment term.
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Related to Mortgage Banking Business

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;

  • Mobile Banking Service means the EB Services which we enable you to access via the Mobile Banking App or a web browser designed for use on a Mobile Device; and

  • Maritime agency services means activities consisting in representing, within a given geographic area, as an agent the business interests of one or more shipping lines or shipping companies, for the following purposes:

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • Banking Business Day means any day other than a Saturday or Sunday that is not a day on which banking institutions in The City of New York are authorized or required by law, regulation or executive order to close.

  • Mobile Banking means the banking services accessible from the Device you have registered with us for Mobile Banking.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Digital Banking (a) means our present and future online banking services which can be accessed through 365 Online, Business Online, Bank of Ireland Mobile Banking, and services available on www.bankofireland.com; and

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which –

  • Doing business means engaging in any activity, whether legal or illegal, that is conducted

  • Internet Banking means the service we offer by which you can access and transact on a nominated account by using a personal computer and accessing via our website. This includes transactions processed through the mobile banking facility as well as the smartphone app facility.

  • Remaining Business means all IAC Businesses other than the Spun Businesses.

  • Environmental Management Framework or “EMF” means the policy framework for environmental management, approved by the Project Implementing Entity’s Board of Directors on July 21, 2009, which sets forth the environmental policies and procedures that shall apply to the carrying out of the Project.

  • SITC means the Standard International Trade Classification, Revision 3 (SITC, Rev. 3), published by the United Nations in Statistical Papers, Series M, No. 34/Rev. 3 (1986);

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • banking company means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);

  • Financial Services Business for purposes of this Unit Agreement shall mean the business of banking, including deposit, credit, trust and investment services, mortgage banking, asset management, and brokerage and investment banking services.

  • Investment Management Services means any services which involve: (i) the management of an investment account or Fund (or portions thereof or a group of investment accounts or Funds); (ii) the giving of advice with respect to the investment and/or reinvestment of assets or funds (or any group of assets or funds); or (iii) otherwise acting as an “investment adviser” within the meaning of the Investment Advisers Act of 1940, as amended, including, without limitation, in each of the foregoing cases, performing activities related or incidental thereto.

  • Senior citizen center means a facility having the primary purpose of providing services to the aged as defined in Section 62A-3-101.

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Home health aide services means the personal care and maintenance activities provided to individuals for the purpose of promoting normal standards of health and hygiene.

  • Environmental Management System means an environmental management system or plan of management to address all environmental risks and to ensure compliance with all Environmental Laws and licences;

  • Appraisal management services means one or more of the following:

  • M2M Flowgate means Flowgates where constraints are jointly monitored and coordinated as defined and set forth in Schedule D to this Agreement.