Examples of Mortgage Loan Transaction in a sentence
Each Advance made by Bank to purchase a Participation Interest from Seller in a Mortgage Loan is intended by Bank and Seller to be made in connection with a Mortgage Loan Transaction, which Mortgage Loan Transaction is to occur on or about the date on which the related Request for such Advance is submitted by Seller to Bank for Bank to purchase a Participation Interest in such Mortgage Loan or on such date otherwise specified in such Request.
Page 5: Exhibit H-25(A) Mortgage Loan Transaction Closing Disclosure – Model Form (p.
With respect to any Mortgage Loan for which Seller has submitted a Request to Bank for Bank to purchase a Participation Interest therein, if the Mortgage Loan Transaction related thereto is not expected by Seller to occur or fails to occur within two (2) days of such Request then Seller shall immediately provide notice thereof to Bank.
Sufficient due diligence must, therefore, be facilitated by the firm selling/securitising the loans and conducted by the firm purchasing the loans, to ensure that any errors identified can be rectified efficiently and correctly in the interests of consumers, irrespective of whether the error occurred pre- or post- the Mortgage Loan Transaction.
Page 2: Exhibit H-25(A) Mortgage Loan Transaction Closing Disclosure – Model Form (p.
The Central Bank expects all parties to a Mortgage Loan Transaction to have appropriate technical and operational solutions and other transitional arrangements as necessary, to ensure that reporting obligations to the Central Bank can continue to be met.
While the Central Bank recognises that errors occur, our expectation is that sufficient due diligence and information sharing takes place at the outset to ensure that complete customer files transfer as part of a Mortgage Loan Transaction.
The Central Bank expects this consumer impact assessment to be comprehensive in its consideration of all risks to consumers including risks relating to any open errors affecting loans included in the Mortgage Loan Transaction, amongst other things.
Get an official Loan Estimate before choosing a loan.” Finally, as added data points we note that in Appendix H, the title of the Model Form of the disclosure required on the written estimate is titled “H-26 Mortgage Loan Transaction – Pre-Loan Estimate Statement – Model Form” (emphasis added).
In order to provide a Closing Disclosure Example with any and all possible data on it for mapping purposes (a completely unrealistic situation), the sample Refinance Transaction is an amalgamation of several sample forms provided in the Integrated Mortgage Closing Disclosure Regulation: Page 1: Based on Exhibit H-25(E) Mortgage Loan Transaction Closing Disclosure – Refinance Transaction Sample2 (p.