Mortgage Revenue Bond definition

Mortgage Revenue Bond means a bond defined by 26 U.S.C. section 143(a).
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Mortgage Revenue Bond means a mortgage revenue bond as defined by 26 U.S.C. Section 143(A).
Sample 1Sample 2

Examples of Mortgage Revenue Bond in a sentence

  • Florida Housing allocated $15,500,000.00 in Multi-Family Mortgage Revenue Bond Program funds for this development.

  • The single-family staff administers a number of programs including the Mortgage Revenue Bond program, the Mortgage Credit Certificate program, the Down Payment Assistance program, the Step Up program, the Rural Alabama Mortgage program, the Building Blocks to Homeownership program, and the Habitat for Humanity Loan Purchase program.

  • Attachment 1: Rental Property Minimum Construction Standards are on the following page.Attachment 1: Lender’s Minimum Construction StandardsThis attachment is from Exhibit 2 from the Lender’s Multifamily Lending and Mortgage Revenue Bond Policies.

  • This fund has been established under the Single Family Insured Mortgage Bond Resolution adopted in September 1976, the Single Family Mortgage Purchase Bond Resolution adopted in June 1978, the Home Mortgage Purchase Bond Resolution adopted in July 1983, the Single Family Housing Bond Resolution adopted in September 1990, and the Mortgage Revenue Bond (Mortgage Backed Securities Program) indenture adopted in December 2009 under the federal New Issue Bond Program (NIBP).

  • RENTAL PROPERTY MINIMUM CONSTRUCTION STANDARDS The following is a list of the required minimum construction standards that must be incorporated into projects participating in SHRA’s Multifamily Financing and/or Mortgage Revenue Bond programs.

  • The Mortgage Lender’s warranty shall apply to the life of the loan for fraud, misrepresentation that was known or should have been known by any prudent mortgage lender, and any responsibility of the mortgage lender during the origination process that leads to the loss of the loan insurance or guaranty or impact Mortgage Revenue Bond eligibility.

  • Bonds means any of the Authority’s Home Mortgage Revenue Bonds authorized under the General Resolution and issued pursuant to a Home Mortgage Revenue Bond Series Resolution.

  • RENTAL PROPERTY MINIMUM CONSTRUCTION STANDARDS The following is a list of the required minimum construction standards that must be incorporated into projectsparticipating in SHRA’s Multifamily Financing and/or Mortgage Revenue Bond programs.

  • Caution indicates a hazardous situation which, if not avoided, could result in minor or moderate injury.

  • The adopted Multifamily Housing Loan Program and Mortgage Revenue Bond Program guidelines specify that funding recommendations for SHRA financing will be based on the following project priorities: 1) Preservation (affordable at-risk units); 2) Recapitalization (substantial rehabilitation of affordable projects); 3) Inclusionary housing; and 4) Rehabilitation and new production.

Related to Mortgage Revenue Bond

  • Revenue bond means any bond, note, or other evidence of

  • Revenue bonds means revenue bonds authorized to be issued pursuant to this Act.

  • Mortgage-Backed Security means a security issued by the authority which is secured by residential mortgage loans owned by the authority.

  • Minimum Mortgage Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the related Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased on any Adjustment Date.

  • Net Mortgage Interest Rate As to any Mortgage Loan and Distribution Date, such Mortgage Loan's Mortgage Interest Rate thereon on the first day of the month preceding the month of the related Distribution Date reduced by (i) the Servicing Fee Rate and (ii) the Trustee Fee Rate.

  • Mortgage Interest Rate For any Mortgage Loan, the per annum rate at which interest accrues on such Mortgage Loan pursuant to the terms of the related Mortgage Note.

  • Maximum Mortgage Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the related Mortgage Loan Schedule and in the related Mortgage Note and is the maximum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be increased on any Adjustment Date.

  • Initial Mortgage Rate As to each Mortgage Loan, the Mortgage Rate in effect prior to the Initial Adjustment Date.

  • Mortgage Interest Rate Cap With respect to an Adjustable Rate Mortgage Loan, the limit on each Mortgage Interest Rate adjustment as set forth in the related Mortgage Note.

  • Adjusted Net Mortgage Interest Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Interest Rate less the Expense Fee Rate.

  • Lender-Paid Mortgage Insurance Rate With respect to any Lender-Paid Mortgage Insurance Loan, a per annum rate equal to the percentage indicated on the Mortgage Loan Schedule under the heading "Lender-Paid Mortgage Insurance Rate."

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • Renewable Energy Certificates or “RECs” means all of the GIS Certificates and environmental benefits associated with New Class I RPS eligible resources.

  • Weighted Average Net Mortgage Interest Rate As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans.

  • Refunding Bond or “Refunding Bonds” means all or a portion of the

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Net Mortgage Rate With respect to any Mortgage Loan (or the related REO Property) as of any date of determination, a per annum rate of interest equal to the then applicable Mortgage Rate for such Mortgage Loan minus the Servicing Fee Rate.

  • Tax Exempt Bond-Financed Development means a Development which has been financed by the issuance of tax-exempt bonds subject to applicable volume cap pursuant to Section 42(h)(4) of the IRC.

  • Mortgage-backed Securities means securities that are secured or otherwise backed by Mortgage Loans.

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.

  • Pollution control facilities means water and air pollution control equipment and solid waste disposal facilities or any of them.

  • Mortgage Group Either of Group One or Group Two.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Renewable Energy Certificate or "REC" means a certificate

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.