Mortgage Credit definition
Examples of Mortgage Credit in a sentence
The Authority may, in its sole discretion cancel the applicable Mortgage Credit Certificate.
In respect of any New Mortgage, Credit Parties shall deliver to Agent, at Credit Parties’ expense, mortgagee title insurance policies issued by a title insurance company reasonably satisfactory to Agent, which policies shall be in form and substance reasonably satisfactory to Agent and shall insure a valid lien in favor of Agent on the property covered thereby, subject only to Permitted Liens and those other exceptions reasonably acceptable to Agent and its counsel.
This is in addition to regulatory reforms being made as a result of the implementation of the Mortgage Credit Directive from 21 March 2016.
SDHC hereby designates Lender as its non-exclusive agent for the receipt and processing of applications for Subordinate Loans under the Loan and Grant Programs and Mortgage Credit Certificates under the MCC Program.
Mortgage, pledge, grant or permit to exist a security interest in, or lien upon, all or any portion of Borrower’s assets now owned or hereafter acquired, except any of the foregoing in favor of Bank or which is existing as of, and disclosed to Bank in writing prior to, the date hereof, including without limitation the security interests granted by Borrower to the Existing Mortgage Lenders to secure the Mortgage Credit Lines.
Programs may include, but shall not be limited to, the Mortgage Credit Certificate Program (MCC), HOME, WISH, CalHome and other programs available to eligible buyers within the jurisdiction.
In respect of any New Mortgage, Credit Parties shall deliver to Purchaser, at Credit Parties’ expense, mortgagee title insurance policies issued by a title insurance company reasonably satisfactory to Purchaser, which policies shall be in form and substance reasonably satisfactory to Purchaser and shall insure a valid lien in favor of Purchaser on the property covered thereby, subject only to Permitted Liens and those other exceptions reasonably acceptable to Purchaser and its counsel.
Homestead will cooperate with First Niagara in developing new types of Residential Mortgage Credit to be offered by First Niagara.
In the conduct of the Program, Homestead will use commercially reasonable efforts to promote, through Marketing and otherwise, products and services offered by First Niagara other than Residential Mortgage Credit (for example, deposit accounts, commercial mortgage loans and home equity loans and lines of credit not constituting Residential Mortgage Credit) as agreed upon by the Parties and for compensation agreed upon by the Parties.
On each Interest Rate Adjustment Date prior to the related Closing Date, if any, the Seller or its agent has made interest rate adjustments, as applicable, on the HELOC which are in compliance with the related Mortgage, Credit Agreement and applicable law.