Net Loan Losses definition

Net Loan Losses. With respect to any Defaulted Loan that is subject to a modification pursuant to Section 4.01 of the Servicing Addendum, an amount equal to the portion of the Principal Balance, if any, released in connection with such modification.
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Net Loan Losses. With respect to any Defaulted Home Loan that is subject to a modification, an amount equal to the portion of the Principal Balance, if any, released in connection with such modification.
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Net Loan Losses. With respect to a Payment Date, the sum of (A) with --------------- respect to the Home Loans that became Liquidated Home Loans during the immediately preceding Due Period, an amount (but not less than zero) determined as of the related Determination Date equal to:
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Examples of Net Loan Losses in a sentence

  • If a Defaulted Home Loan is modified pursuant to this Section in a manner that releases a portion of the Principal Balance thereof, then such released amount shall be included as "Net Loan Losses" hereunder.

  • In addition, subject to Section 11.19, on any date on or after which (i) 17.5% or more (based on Net Loan Losses) of the Home Loans have become Defaulted Home Loans on a cumulative basis and (ii) the Overcollateralization Amount has been reduced to zero or an amount less than zero, then the Securities Insurer may, at its option, effect an early retirement of the Securities and termination of this Agreement.

  • Total Originated Loans 1,978,155 2,136,407 -7.4% 2,002,061 Provision for Loan Losses $2,800 $2,800 0.0% $2,800 Gross Loan Losses 5,221 4,255 22.7% 5,243 Net Loan Losses 4,113 3,400 21.0% 4,115 Recoveries/Gross Losses 21% 20% 22% Net Loan Losses/Avg.

  • After the reduction of the Class A Overcollateralization to zero, any Net Loan Losses will not be allocated to reduce the Class Principal Balance of the Class A Certificates, but rather any such Net Loan Losses will be included in the Principal Remittance Amount attributable to the Class A Certificates pursuant to the definition of Principal Remittance Amount.

  • Originated Loans (a) 0.59% 0.54% 0.57% Provision for Loan Losses/ Net Loan Losses 90.4% 52.9% 96.1% Average Total Loans $2,736,545 $2,954,033 -7.4% Avg.

  • Non-Performing Assets as a Percentage of Loans and Other Real Estate 1993 1994 1995 1996 1997 1.28% 0.80% 0.68% 0.76% 0.81% [Graph] Net Loan Losses as a Percentage of Average Loans 1993 1994 1995 1996 1997 0.23% 0.19% 0.17% 0.15% 0.25% A coordinated effort is undertaken to identify credit risks in the loan portfolio for management purposes and to establish the loan loss provision and resulting allowance for accounting purposes.

  • In connection with any such optional termination, to the extent In addition, subject to Section 11.19, on any date on or after which (i) 17.5% or more (based on Net Loan Losses) of the Home Loans have become Defaulted Home Loans on a cumulative basis and (ii) the Overcollateralization Amount has been reduced to zero or an amount less than zero, then the Securities Insurer may, at its option, effect an early retirement of the Securities and termination of this Agreement.

  • Several ratios appear on the UBPR which provide the examiner with a preliminary sense of whether or not a bank’s provisions (and earnings) are accurately stated: Net Loan Losses as a percent of Average Total Loans, which appears on page 1 of the UBPR, measures the severity of actual loan loss (gross charged-off loans less recoveries).

  • Total Originated Loans 1,954,394 2,111,506 -7.4% Provision for Loan Losses $11,200 $11,200 0.0% Gross Loan Losses 20,259 20,268 0.0% Net Loan Losses 14,239 16,607 -14.3% Recoveries/Gross Losses 30% 18% Net Loan Losses/Avg.

  • Total Originated Loans 1,943,379 2,096,937 -7.3% 1,978,155 Provision for Loan Losses $2,800 $2,800 0.0% $2,800 Gross Loan Losses 3,652 5,216 -30.0% 5,221 Net Loan Losses 2,915 4,387 -33.6% 4,113 Recoveries/Gross Losses 20% 16% 21% Net Loan Losses/Avg.


More Definitions of Net Loan Losses

Net Loan Losses. On each Distribution Date, the sum of
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Net Loan Losses. With respect to any Distribution Date and the Home Loans that become Defaulted Home Loans during the immediately preceding Due Period, the aggregate Principal Balance of such Defaulted Home Loans as of the last day of such Due Period, after giving effect to any recoveries attributable to principal from whatever source received during such Due Period with respect to such Defaulted Home Loans, including without limitation any Insurance Proceeds.
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Net Loan Losses. With respect to any Defaulted Loan that is subject to a modification pursuant to Section 4.01 of the Servicing Addendum, an amount equal to the portion of the Principal Balance, if any, released in connection with such modification. Net Portfolio Yield: The annualized percentage equivalent of a fraction: (i) the numerator of which is equal to accrued interest on the Advance Note and the Loans (excluding accrued interest on Loans Delinquent over 30 days) for the related Accrual Period, less all interest, fees and expenses due to the Noteholders and less any Servicing Fees, and (ii) the denominator of which is the average Note Principal Balance for such Accrual Period.
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Net Loan Losses means as of any Distribution Date and with respect to the Home Loans that become Defaulted Loans during the immediately preceding Due Period, the aggregate Principal Balances of such Defaulted Loans as of the last day of such Due Period, after giving effect to any recoveries attributable to principal from whatever source received during such Due Period with respect to such Defaulted Loans, including, without limitation, any Insurance Proceeds.
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Net Loan Losses. On each Remittance Date, with respect to the Liquidated Mortgage Loans occurring or becoming such during the immediately preceding Due Period, an amount (but not less than zero) determined as of the related Determination Date equal to:
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Related to Net Loan Losses

  • Funding Losses has the meaning set forth in Section 2.13(b)(ii).

  • Liquidation Loss Amount With respect to any Payment Date and any Mortgage Loan that became a Liquidated Mortgage Loan during the related Collection Period, the unrecovered portion of the Principal Balance of such Mortgage Loan and any unpaid accrued interest thereon at the end of such Collection Period, after giving effect to the Net Liquidation Proceeds applied in reduction of such Principal Balance.

  • Liquidating Losses means any net loss realized in connection with the actual or hypothetical sale of all or substantially all of the assets of the Partnership (including upon the occurrence of any event of liquidation of the Partnership), including but not limited to net loss realized in connection with an adjustment to the book value of Partnership assets under Section 6.2 hereof.

  • distribution losses means energy losses that result from the interaction of intrinsic characteristics of the distribution network such as electrical resistance with network voltages and current flows;

  • Net Realized Losses For any Class of Certificates and any Distribution Date, the excess of (i) the amount of Realized Losses previously allocated to that Class over (ii) the amount of any increases to the Class Certificate Principal Balance of that Class pursuant to Section 5.08 due to Recoveries.

  • Liquidated Loan Loss With respect to any Distribution Date, the aggregate of the amount of losses with respect to each Mortgage Loan which became a Liquidated Loan during the Applicable Unscheduled Principal Receipt Period with respect to Full Unscheduled Principal Receipts for such Distribution Date, equal to the excess of (i) the unpaid principal balance of each such Liquidated Loan, plus accrued interest thereon in accordance with the amortization schedule at the time applicable thereto at the applicable Net Mortgage Interest Rate from the Due Date as to which interest was last paid with respect thereto through the last day of the month preceding the month in which such Distribution Date occurs, over (ii) Net Liquidation Proceeds with respect to such Liquidated Loan.

  • Net Losses means, for each fiscal year or other period, an amount equal to the Partnership's taxable income or loss for such year or period determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:

  • Loan Loss Reserves means funds held by the Seller to cover potential losses in connection with the mortgage loans owned in the Seller’s portfolio, including without limitation any amounts required to be maintained and held as a loan loss reserve in accordance with GAAP and any other regulatory requirement applicable to the Seller.

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.

  • Class B-1 Applied Realized Loss Amount As of any Distribution Date, the sum of all Applied Realized Loss Amounts with respect to the Mortgage Loans which have been applied to the reduction of the Certificate Principal Balance of the Class B-1 Certificates.

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.

  • Applied Realized Loss Amount With respect to any Distribution Date, the amount, if any, by which, the sum of (i) the Aggregate Certificate Principal Balance and (ii) the Class C Certificate Principal Balance after distributions of principal on such Distribution Date exceeds the aggregate Stated Principal Balance of the Mortgage Loans as of such Distribution Date.

  • Cumulative Realized Losses As of any date of determination, the aggregate amount of Realized Losses with respect to the Mortgage Loans.

  • Aggregate Net Losses means, with respect to a Collection Period, an amount equal to the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period minus all Net Liquidation Proceeds collected during such Collection Period with respect to all Defaulted Receivables.

  • REMIC I Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC I Remittance Rate for REMIC I Regular Interest I-LTAA minus the Marker Rate, divided by (b) 12.

  • Class C Applied Realized Loss Amount As of any Distribution Date, the sum of all Applied Realized Loss Amounts with respect to the Mortgage Loans which have been applied to the reduction of the Certificate Principal Balance of the Class C Certificates.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Class C Unpaid Realized Loss Amount As of any Distribution Date, the excess of (1) the Class C Applied Realized Loss Amount over (2) the sum of (x) all distributions in reduction of the Class C Unpaid Realized Loss Amounts on all previous Distribution Dates and (y) all increases in the Certificate Principal Balance of such Class C Certificates pursuant to the last sentence of the definition of "Certificate Principal Balance."

  • REMIC II Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC II Remittance Rate for REMIC II Regular Interest AA minus the Marker Rate, divided by (b) 12.

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to:

  • Realized Losses means, with respect to any Receivable that becomes a Liquidated Receivable, the excess of the Principal Balance of such Liquidated Receivable over Net Liquidation Proceeds to the extent allocable to principal.

  • Cumulative Loss Amount means the sum of the Monthly Loss Amounts less the sum of all Recovery Amounts.

  • Net Interest Shortfalls means Interest Shortfalls net of payments by the Company, the Servicer or the Master Servicer in respect of Compensating Interest.

  • Cumulative Net Losses means, as of any date of determination, the aggregate cumulative principal amount of all Receivables that have become Liquidated Receivables since the Initial Cutoff Date, net of all Net Liquidation Proceeds and Recoveries with respect to such Receivables as of last day of the most recently ended Collection Period.

  • Unpaid Realized Loss Amount With respect to any Class of Subordinated Certificates and as to any Distribution Date, is the excess of (i) the Applied Realized Loss Amounts with respect to such Class over (ii) the sum of (a) all distributions in reduction of such Applied Realized Loss Amounts on all previous Distribution Dates, and (b) the amount by which the Class Certificate Balance of such Class has been increased due to the distribution of any Subsequent Recoveries on all previous Distribution Dates. Any amounts distributed to a Class of Subordinated Certificates in respect of any Unpaid Realized Loss Amount will not be applied to reduce the Class Certificate Balance of such Class.