Mortgage Default Rate definition

Mortgage Default Rate shall have the meaning assigned to such term in the Mortgage Loan Schedule.
Sample 1Sample 2Sample 3
Mortgage Default Rate shall have the meaning assigned to such term in the Mortgage Loan Schedule. Co-Lender Agreement (200 Xxxx Xxxxxx)
Sample 1

Examples of Mortgage Default Rate in a sentence

  • For purposes of this Mortgage, "Default Rate" shall mean the rate per annum as set forth in Section 2.1 of the Credit Agreement.

  • Mortgage Default Rate = f (EUI, EnergyPriceGap, CouponSpread, LTV, Region) Combined TREPP mortgage performance andBenchmarking Disclosure Datasetsmatch& calcmatch& calcmatch& calcclassifyExpandedBenchmark DisclosurematchTREPPLoan DatasetISO ElectricityHH Nat Gas DatasetsInterest RateProxy DatasetCRE PriceIndex DatasetgeocodeBenchmarkDisclosure DatasetFigure 2.

  • Substituting stressed Mortgage Default Rate (MDR) limits that take into account key metrics at origination that impact ability to repay is both desirable and administratively feasible.21 MDR limits, by definition, take into account risk layering.

  • Smith (American Enterprise Institute), Working Paper 19-02: Mortgage Risk Since 1990, 2.1.19, https://www.fhfa.gov/PolicyProgramsResearch/Research/Pages/wp1902.aspx This working paper sets forth the research and data used to develop the stressed Mortgage Default Rate (MDR).

  • The Bureau should eliminate the 43% DTI limit applicable to QM loans and substitute a stressed Mortgage Default Rate (MDR) limit.

  • If residual income is empirically demonstrated to be of utility in determining ability to repay, the Bureau should consider utilizing it as a factor in conjunction with the recommended stressed Mortgage Default Rate (MDR) limit.

  • Any Claims against one or more of the Debtors based upon a guaranty, indemnity, co-signature, surety or otherwise, of Claims against another Debtor, including, without limitation, the Parent Guaranty and the Subsidiary Guaranty, shall be treated as a single Claim against the consolidated estates of the Debtors and shall be entitled to distributions under the Plan only with respect to such single Claim.

  • The Mortgage Default Rate approach outlined below does not suffer from this legal infirmity.

  • However, the State Budget Committee has advised it plans to release only $13 million of this authorization and expects the University to fund the balance.

  • Do not submit information that you consider to be CBI or otherwise protected from disclosure through http://www.regulations.gov, or e-mail.The federal Web site http:// www.regulations.gov is an ‘‘anonymous access’’ system, which means EPA will not know your identity or contact information unless you provide it in the body of your comment.

Related to Mortgage Default Rate

  • Default Rate means (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if any, applicable to Base Rate Loans plus (iii) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate plus 2% per annum.

  • Note Default Interest Spread means, with respect to the outstanding principal balance of any Note, a rate per annum equal to the lesser of (i) the Maximum Legal Rate minus the Note A Rate or (ii) five percent (5%).

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Non-default Rate means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the Non-defaulting Party (as certified by it) if it were to fund the relevant amount.

  • Mortgage Loan Event of Default means an “Event of Default” as defined in the Mortgage Loan Agreement.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

  • Mortgage Interest Rate The annual rate of interest borne on a Mortgage Note.

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.