Examples of Mortgage Loan Pool in a sentence
It states SBA shall have the right to offset any amount owed by Lender to SBA, including, without limitation, an offset against CSA’s obligation to pay Lender pursuant to any Section 504 First Mortgage Loan Pool Guarantee Agreement.Section 120.1723 establishes whenSeller must forward Pool Loan Receivables to CSA.
On or before the expiration of the cure periods as set forth above, Lender shall purchase the affected Mortgage Loans from the Authority of the Servicer or the applicable Certificate Provider (if any), as the case may be, for its own account at a price equal to the outstanding principal balance thereof plus accrued interest thereon, and, if applicable, Trustee and Servicer shall consider such purchase to be a prepayment of a Mortgage Loan within the Mortgage Loan Pool backing a Certificate.
Rich, Management Analyst, 202–205–7030 curtis.rich@sba.gov.SUPPLEMENTARY INFORMATION: Theseforms capture the terms and conditions of SBA’s new Secondary Market for First Mortgage Loan Pool Program.
The system includes a CDC Online application that provides portfolio information to each CDC, and a 503 ARRA- FMLP application designed to monitor pool formation and payment history associated with the SBA First Mortgage Loan Pool (FMLP) program.
Failure to collect the information contained in the forms may compromise the effectiveness of the Secondary Market First Mortgage Loan Pool program, SBA’s recoveries, the program’s contribution to improving the nation’s economy, and the Agency’s ability to comply with Recovery Act reporting requirements.