Examples of Original Principal Balance in a sentence
The premium is calculated based on the Original Principal Balance (OPB) of the First Mortgage Loan amount.
The ratio (expressed as a percent) of the Original Principal Balance including any financed mortgage insurance premium plus all subordinate mortgages to either; (i) in the case of a purchase money loan, the lower of the property’s sale price or appraised value at origination, or (ii) in the case of a refinance loan (non-streamline), the appraised value at the time of refinancing.
Selected Candidate will have to undergo Medical Fitness Test, before Medical Board of PIMS University & submit Medical Fitness Certificate duly signed by Medical Superintendent, Pravara Rural Hospital within seven days from the date of selection failing which his/ her admission may lead to cancellation and forfeiture of the fees paid.
On each Payment Date on or prior to the Termination Date, the Class Principal Balance of each Class of Original Principal Balance Notes will be increased (in each case without regard to any exchanges of Exchangeable Notes for MAC Notes) by the amount of the increase, if any, in the Class Notional Amount of the Corresponding Class of Reference Tranche due to the allocation of Tranche Write-up Amounts to such Class of Reference Tranche on such Payment Date pursuant to Section 3.03(c) above.
PreModification Original Principal Balance (OPB) Amount - If Loan Purpose (item 35) is a “Loan Modification –HAMP” or “Loan Modification – non-HAMP” report the original principal balance of the modified loan prior to the modification..