Examples of Mortgage Loans Held for Sale in a sentence
Mortgage Loans Held for Sale and Mortgage Servicing Rights Upon the closing of a residential mortgage loan or shortly thereafter, the Company will securitize the majority of its mortgage loan originations.
Mortgage Loans Held for Sale Mortgage loans held for sale represent loans that have forward sales commitments.
Mortgage Loans Held for Sale —Mortgage loans held for sale are carried at fair value under the fair value option with changes in fair value recorded in other service revenue on the statements of operations.
Schedule 3.18(n) of the Disclosure Schedules sets forth a true and complete list of such Mortgage Loans Held for Sale.
Mortgage Loans Held for Sale, at Fair Value See additional detail regarding mortgage loans originated for sale, at fair value under Footnote 11 “Mortgage Banking Activities” of this section of the filing.
In January 1999, we adopted SFAS No. 134, "Accounting of Mortgage-Backed Securities Retained after the Securitization of Mortgage Loans Held for Sale by a Mortgage Banking Enterprise, an amendment to SFAS No. 65." SFAS No. 134 requires mortgage banking enterprises to classify loans held-for-sale that they have securitized, based on their intent to sell or hold these investments.
As of June 2009, Colonial’s MWL assets totaled$5.2 billion, which represented 20 percent of the bank’s total assets and consisted of the: Mortgage Loans Held for Sale account – known as the COLB account.10 Securities Purchased Under Agreements to Resell account – known as the Assignment of Trade (AOT) account.11 Mortgage warehouse lines of credit, which were used by mortgage companies to finance mortgage production and were secured by first residential mortgages.
See, e.g., FASB, Statement of Financial Accounting Standards No. 134, Accounting for Mortgage-Backed Securities Retained after the Securitization of Mortgage Loans Held for Sale by a Mortgage Banking Enterprise — an amendment of FASB Statement No. 65 (Oct.
Mortgage Loans Held for Sale or Investmenthome leases are generally for shorter terms of Our wholly-owned mortgage banking subsidiary approximately one to three years with renewal options originates mortgage loans, primarily from the sale of our on a month-to-month basis.
Effective January 1, 1999, the Company adopted SFAS No. 134, "Accounting for Mortgage-Backed Securities Retained after the Securitization of Mortgage Loans Held for Sale by a Mortgage Banking Enterprise, an amendment of SFAS No. 65." SFAS No. 134 requires mortgage banking enterprises to classify loans held for sale that they have securitized, based on their intent to sell or hold these investments.