Mortgage Loan Pricing definition

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.
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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. “Mortgage Loan Types” means the various types of Mortgage Loans offered or to be offered pursuant to this Agreement. “Mortgage Note” means the mortgage note, deed of trust note, security deed note or other form of promissory note executed by a Mortgagor and secured by a Mortgage Instrument evidencing the indebtedness of the Mortgagor under a Mortgage Loan. “Original Additional Collateral Requirement” shall mean, with respect to any Additional Collateral Mortgage Loan, generally 30 percent of the original principal balance of such Mortgage Loan or such lesser percentage thereof as is specified by MLCC in connection with the origination of such Additional Collateral Mortgage Loan. “Origination Services” shall mean the loan origination services to be performed by PHH for and on behalf of MLCC as detailed in this Agreement. “Parent Power® Agreement” means, with respect to each Parent Power® Mortgage Loan, a Parent Power® Guaranty and Security Agreement for Securities Account or a Parent Power® Guaranty Agreement for Real Estate. “Parent Power® Guaranty Agreement for Real Estate” means, with respect to certain Parent Power® Mortgage Loans, an agreement between MLCC and a Guarantor on behalf
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Examples of Mortgage Loan Pricing in a sentence

  • No, this program is a state mandated program and SCE funds may only supplement the regular education program for students identified as at risk of dropping out of school.

  • PMC shall be responsible for developing the various PMC Mortgage Loan Types to be available to Franchisee Customers and establishing the Mortgage Loan Pricing associated therewith (the “PMC Pricing”); provided, however, that PMC shall offer to the Franchisee Customers the full range of Mortgage Loan Types that are currently offered or may in the future be offered by PHH or any of its Affiliates to their other customers.

  • The Company shall be responsible for developing the various Mortgage Loan Types and establishing the Mortgage Loan Pricing associated therewith (the “Company Pricing”); provided, however, that the Company shall offer to the Customers the full range of Mortgage Loan Types that are currently offered or may in the future be offered by PHH or any of its Affiliates to their customers.

  • SL shall, as and to the extent requested by SRT, be responsible for developing the various types and features of Mortgage Loans and establishing the Mortgage Loan Pricing for all Mortgage Loans (“SL Pricing”).

  • Mortgage Loan Pricing for Alternative Loans and Construction Loans shall be established by MLCC (“MLCC Pricing”).

  • Mortgage Loan Pricing for Cendant Loans shall be determined by Cendant in its sole discretion.

  • PHH shall be responsible for developing the various Mortgage Loan Types and establishing the Mortgage Loan Pricing for all Conforming Conventional Mortgage Loans and Jumbo/Non-Conforming Mortgage Loans (“PHH Pricing”).

  • Except as otherwise provided in Section 15(b), PHH represents, warrants and covenants to MLCC, with respect to each Mortgage Loan processed or closed by PHH under the terms of this Origination Agreement, as of the date of the Mortgage Loan’s closing, that: (a) Each Mortgage Loan underwritten and approved by PHH for closing meets MLCC Underwriting Guidelines and Mortgage Loan Pricing applicable to that Mortgage Loan Type in all material respects.

  • Section 2(a) is amended by deleting the second sentence of such section and replacing it in its entirety with the following text: “PHH shall be responsible for developing the various Mortgage Loan Types and establishing the Mortgage Loan Pricing for all Conforming Conventional Mortgage Loans, Jumbo/Non-Conforming Mortgage Loans and any Mortgage Loans originated under the Landscape Underwriting Guidelines (“PHH Pricing”).” (c)Section 6(b).

  • Mortgage Loan Pricing for Portfolio Loans shall be determined by MLCC in its sole discretion and provided to Cendant prior [* * *].

Related to Mortgage Loan Pricing

  • Mortgage Loan Package Each pool of Mortgage Loans, which shall be purchased by the Purchaser from the Seller from time to time on each Closing Date.

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

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Type 1 Mortgage Loan Any of the Mortgage Loans identified in Exhibit F-1 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, serviced under the WFHM Servicing Agreement and having a Mid-Month Receipt Period with respect to all types of Unscheduled Principal Receipts.

  • Mortgage Loans Such of the mortgage loans transferred and assigned to the Trustee pursuant to the provisions hereof as from time to time are held as a part of the Trust Fund (including any REO Property), the mortgage loans so held being identified in the Mortgage Loan Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

  • Mortgage Loan Schedule shall have the meaning assigned to such term in the recitals.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • ARD Mortgage Loan Any Mortgage Loan that is identified as having an Anticipated Repayment Date and a Revised Rate on the Mortgage Loan Schedule.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Premium Mortgage Loan Any Group 1 Premium Mortgage Loan or Group 2 Premium Mortgage Loan.

  • High Cost Mortgage Loan means a Mortgage Loan classified as (a) a “high cost” loan under the Home Ownership and Equity Protection Act of 1994 or (b) a “high cost,” “threshold,” “covered,” or “predatory” loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law, regulation or ordinance imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees).

  • Discount Mortgage Loan Any Mortgage Loan having a Net Mortgage Rate (or the initial Net Mortgage Rate) of less than the Discount Net Mortgage Rate per annum and any Mortgage Loan deemed to be a Discount Mortgage Loan pursuant to the definition of Qualified Substitute Mortgage Loan.

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • Mortgage Loan Group Either Group I or Group II.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • MERS Mortgage Loan Any Mortgage Loan registered with MERS on the MERS System.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • REO Mortgage Loan Any Mortgage Loan which is not a Liquidated Loan and as to which the indebtedness evidenced by the related Mortgage Note is discharged and the related Mortgaged Property is held as part of the Trust Estate.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.