Original LTV definition

Original LTV means the ratio of the principal balance of a Loan at its origination to the Value of the Property, as calculated according to the Company's standard procedures.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Original LTV. Current Interest Rate: First Payment Date: Last Payment Date: Current P&I Payment Amount: Origination Date: Loan Term: Product Type (adjustable rate or fixed rate): Property Type: Street Address: Zip Code: State: Delinquency Status: Foreclosure Flag: Bankruptcy Flag: Payment Plan Flag (forbearance): MI Certificate Number: Foreclosure Start Date (Referral Date): Foreclosure Actual Sale Date: NOD Date: REO List Date: REO List Price: Occupancy Status: Eviction Status: REO Net Sales Proceeds: REO Sales Price: Current Market Value: Prepayment Flag: Prepayment Expiration Date: Prepayment Charges Collected: Prepayment Premium Waived: Prepayment Calculation: Senior Lien Position: Senior Lien Holder: Senior Lien Balance: Estimated Senior Lien Foreclosure Sale Date: Senior Lien in Foreclosure - Flag: Schedule 1 MORTGAGE LOAN SCHEDULE [FILED BY PAPER] Schedule 2 SCHEDULE OF PREPAYMENT CHARGES (Available Upon Request) Schedule 2-1 Schedule 3 PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS The Depositor hereby represents, warrants, and covenants as follows on the Closing Date and on each Distribution Date thereafter:

Original LTV means, in respect of all Mortgage Loans relating to a Borrower and secured on the same property, the ratio of the aggregate amount of the Principal Outstanding Balance of such Mortgage Loans as at the date such Mortgage Loans were originated to the original valuation of the relevant property completed when the Mortgage Loan was originated.

Examples of Original LTV in a sentence

• Loan-to-Value (LTV) Numeric – Decimal 0.96 9.999999 Always >= 0 and <= 1.5 136 Original LTV The ratio obtained by dividing the original mortgage loan amount on the note date by the lesser of the mortgaged property’s appraised value on the note date or its purchase price.

• Original LTV < 70% - 0 payments 30 days or more late for prior 24 months n/a Tax Contracts GMACM to place First American tax contracts on all first liens if a transferable tax contract isn’t provided via the boarding file.

• Original LTV < 80% - 0 payments 30 days or more late for 24 prior months.

• OCCUPANCY STATUS* NUMBER OF MORTGAGE LOANS PRINCIPAL BALANCE AS OF THE CUT-OFF DATE ($) % OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE REMAINING TERM TO MATURITY (months) DEBT-TO-INCOME (%) GROSS COUPON (%) FICO OLTV1 (%) Primary 6,045 $1,323,499,466.14 89.29 358 41.33 8.248 615 81.85 Investor 938 143,240,419.37 9.66 359 32.74 9.148 644 87.00 Second Home 75 15,509,766.68 1.05 357 38.05 8.564 650 85.10 1 Original LTV if first lien, combined LTV if second lien.

• INCOME DOCUMENTATION NUMBER OF MORTGAGE LOANS PRINCIPAL BALANCE AS OF THE CUT-OFF DATE ($) % OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE REMAINING TERM TO MATURITY (months) DEBT-TO-INCOME (%) GROSS COUPON (%) FICO OLTV1 (%) Full Documentation 4,124 $806,111,848.95 54.38 358 40.04 8.098 601 81.99 Stated Documentation 2,424 556,784,629.57 37.56 359 41.54 8.708 643 82.91 Limited Documentation 510 119,353,173.67 8.05 358 38.40 8.243 615 82.62 1 Original LTV if first lien, combined LTV if second lien.

• OCCUPANCY STATUS* NUMBER OF MORTGAGE LOANS PRINCIPAL BALANCE AS OF THE CUT-OFF DATE ($) % OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE REMAINING TERM TO MATURITY (months) DEBT-TO-INCOME (%) GROSS COUPON (%) FICO OLTV1 (%) Primary 3,597 $696,063,389.14 85.40 358 41.31 8.270 607 81.58 Investor 694 107,155,842.45 13.15 358 32.29 9.186 644 86.90 Second Home 57 11,849,773.67 1.45 356 38.12 8.527 649 85.75 1 Original LTV if first lien, combined LTV if second lien.

• Origination Date Corporate Advance Balance Interest Calculation Option Original Interest Rate Deferred Interest Balance Daily Simple Interest Calculation Type Maturity Date Amount Daily Simple Interest Paid to Date Original LTV Restricted Escrow Balance Daily Simple Interest Index First Payment Due Date Daily Simple Interest Pay Option Late Charge Factor Ill.

• RANGE OF MONTHS REMAINING NUMBER OF MORTGAGE LOANS PRINCIPAL BALANCE AS OF THE CUT-OFF DATE ($) % OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE REMAINING TERM TO MATURITY (months) DEBT-TO-INCOME (%) GROSS COUPON (%) FICO OLTV1 (%) 121 - 180 24 $3,063,318.01 0.21 179 37.14 8.191 617 71.59 181 - 240 27 4,333,085.44 0.29 239 39.86 7.687 644 76.86 301 - 360 7,007 1,474,853,248.74 99.50 359 40.48 8.341 618 82.42 1 Original LTV if first lien, combined LTV if second lien.

• INCOME DOCUMENTATION NUMBER OF MORTGAGE LOANS PRINCIPAL BALANCE AS OF THE CUT-OFF DATE ($) % OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE REMAINING TERM TO MATURITY (months) DEBT-TO-INCOME (%) GROSS COUPON (%) FICO OLTV1 (%) Full Documentation 2,722 $483,476,024.61 59.32 358 39.92 8.180 597 82.12 Stated Documentation 1,363 276,393,907.24 33.91 359 40.68 8.800 640 82.69 Limited Documentation 263 55,199,073.41 6.77 356 38.41 8.236 611 82.58 1 Original LTV if first lien, combined LTV if second lien.

• RANGE OF MONTHS REMAINING NUMBER OF MORTGAGE LOANS PRINCIPAL BALANCE AS OF THE CUT-OFF DATE ($) % OF PRINCIPAL BALANCE AS OF THE CUT-OFF DATE REMAINING TERM TO MATURITY (months) DEBT-TO-INCOME (%) GROSS COUPON (%) FICO OLTV1 (%) 121 - 180 18 $2,553,942.22 0.31 179 38.02 8.296 620 73.17 181 - 240 17 2,931,733.17 0.36 239 40.56 7.495 634 77.70 301 - 360 4,313 809,583,329.87 99.33 359 40.08 8.398 612 82.39 1 Original LTV if first lien, combined LTV if second lien.

More Definitions of Original LTV

Original LTV means the ratio of the principal balance of a Loan at its origination to the Value of the Property.

Original LTV. Current Interest Rate: First Payment Date: Last Payment Date: Current P&I Payment Amount: Origination Date: Loan Term: Product Type (adjustable rate or fixed rate): Property Type: Street Address: Zip Code: State: Delinquency Status: Foreclosure Flag: Bankruptcy Flag: Payment Plan Flag (forbearance): MI Certificate Number: Foreclosure Start Date (Referral Date): Foreclosure Actual Sale Date: NOD Date: REO List Date: REO List Price: Occupancy Status: Eviction Status: REO Net Sales Proceeds: REO Sales Price: Current Market Value: Prepayment Flag: Prepayment Expiration Date: Prepayment Charges Collected: Prepayment Premium Waived: Prepayment Calculation: Senior Lien Position: Senior Lien Holder: Senior Lien Balance: Estimated Senior Lien Foreclosure Sale Date: Senior Lien in Foreclosure - Flag:

Original LTV means, in relation to a Loan, the Original Principal Balance of the Loan and the original amount advanced under any Top-up Loan made prior to the Cut-Off divided by the most recent market valuation (for the purposes of the relevant Top-up Loan) held at the Cut-Off of the Land secured by the Mortgage securing that Loan.