Pipeline Loan means various potential Mortgage Loans which are in one of various stages of loan origination, approval and processing, as the case may be, at SRT or SL, but which, as of the Effective Date, shall not have been closed and funded.
Pipeline Loan means any application in process for a Mortgage Loan whether or not registered and designated as price protected on the Company’s residential mortgage loan origination system and which have not closed or funded as of the Closing Date.
Pipeline Loan means any future potential loan classified as a category 2 pipeline loan by Bridge Bank in connection with the initial bridge bank business immediately prior to the first onward transfer time (including any such future potential loan at the first onward transfer time that is designated in Bridge Bank’s books and records with a reference number set out in Schedule 5 to this Instrument);
Examples of Pipeline Loan in a sentence
XXXX agrees to provide Lender with an accounting of the Pipeline Loan Guaranty Fee within thirty (30) days of the approval of the Motion.
The failure of XXXX to provide origination or collection services with respect to any Pipeline Loan shall not give rise to any administrative claim in the Bankruptcy Case, provided however that this shall not in any way restrict any claim arising from improperly provided services.
Further, in accordance with the Origination Assistance Agreement, MLCC shall be obligated to pay origination assistance fees to PHH with respect to any Pipeline Loan that becomes a Mortgage Loan in amounts as set forth in paragraph 3 of this Letter Agreement.
Upon the closing and funding of any Pipeline Loan, MLCC shall pay to PHH an origination assistance fee in an amount as specified on Schedule II hereto.
No later than[* * *], Cendant and MLCC shall determine and set the Aggregate Pipeline Loan Purchase Price in accordance with Schedule I attached hereto.
More Definitions of Pipeline Loan
Pipeline Loan means such of the Existing Mortgage Loans brief details of which are set out in Schedule 7.
Pipeline Loan means each of those pending applications in process for a mortgage loan, including construction loans, to be secured by a first- or subordinate-lien on a one- to four-family residential property that has been registered on First Chester’s or any First Chester Subsidiary’s origination system by the Effective Date (including those Pipeline Loans that are pending with an Originator and that otherwise meet First Chester Group’s acquisition criteria for such Pipeline Loans) and that have not closed as of the Effective Date.
Pipeline Loan means each of those pending mortgage loans to be secured by a first priority mortgage lien on a one- to four- family residential property (i) with respect to which Seller has (a) issued a commitment or otherwise agreed with an applicant to fund, (b) determined to fund, (c) committed to a specified interest rate or (d) issued a commitment (including without limitation bulk commitments and assignments of trades) or otherwise agreed with a correspondent originator or purchaser to purchase (including those mortgage loans which are pending with a correspondent originator or purchaser and which otherwise meet Seller's acquisition criteria for such mortgage loans) and (ii) which has not closed (or been purchased from the correspondent) as of the Closing Date.
Pipeline Loan means each pending mortgage loan to be secured by residential real property by a mortgage lien (i) with respect to which Seller or its Subsidiaries has (a) issued a commitment or otherwise agreed with an applicant to fund, (b) determined to fund, (c) committed to a specified interest rate or (d) issued a commitment (including, without limitation, bulk commitments or assignments of trades) or otherwise agreed with a broker or correspondent originator or purchaser to purchase and (ii) which has not closed or been purchased from a correspondent as of the Closing Date.
Pipeline Loan means each of those pending applications in process for a mortgage loan, including construction loans, to be secured by a first or subordinate lien on a one- to four-family residential property that has been registered on BCSB’s or any BCSB Subsidiary’s origination system by the Effective Date (including those Pipeline Loans that are pending with an Originator and that otherwise meet BCSB Subsidiary’s acquisition criteria for such Pipeline Loans) and that have not closed as of the Effective Date.
Pipeline Loan means each of those pending applications in process for a mortgage loan, including construction loans, to be secured by a first or subordinate lien on a one- to four-family residential property that has been registered on OBA’s or any OBA Subsidiary’s origination system by the Effective Date (including those Pipeline Loans that are pending with an Originator and that otherwise meet OBA Subsidiary’s acquisition criteria for such Pipeline Loans) and that have not closed as of the Effective Date.
Pipeline Loan means various potential Mortgage Loans (which are to be further identified in the Letter Agreement) which are in one of various stages of loan origination, approval and processing at MLCC, but which, as of the Effective Date, shall not have been closed and funded. “Pledge Agreement” means any Mortgage 100sm Pledge Agreement or Parent Power® Guaranty and Security Agreement for Securities Account related to an Additional Collateral Mortgage Loan. “PrimeFirst® Loans” means adjustable rate loans offered by MLCC in which the monthly debt repayments thereunder for approximately the first 120 months of the term thereof are interest only. “Privacy Requirements” means (a) Title V of the Xxxxx-Xxxxx-Xxxxxx Act, 15 U.S.C. § 6801 et seq.; (b) the applicable federal regulations implementing such act and codified at 12 CFR Parts 40, 216, 332, and/or 573; (c) Interagency Guidelines Establishing Standards For Safeguarding Borrower Information proposed on June 26, 2000, unless and until such proposed guidelines are superseded by final guidelines and/or rules applicable to MLCC (such proposed and/or final guidelines and/or rules the “Interagency Guidelines”); and (d) other applicable federal, state and local laws, rules, regulations, and orders relating to the privacy and security of Borrower Information. “Program” shall mean the origination of Mortgage Loans for Customers on a private label basis by PHH on behalf of MLCC pursuant to the terms of this Agreement. “Securities Account” shall mean, with respect to any Additional Collateral Mortgage Loans, the account, together with the financial assets held therein, that are the subject of the related Pledge Agreement. “Servicing Agreement” means each of (i) the Servicing Rights Purchase and Sale Agreement, dated as of January 28, 2000, between MLCC and PHH, as amended, and (ii) the Servicing Rights Purchase and Sale Agreement, dated as of the date hereof, between MLCC and PHH. “Significant Survey Failure” shall mean the occurrence of a Survey Failure for [* * *], or [* * *] Survey Failures within [* * *] provided, that for the purpose of the definition of “Significant Survey Failure” only, a “Survey Failure” shall mean the failure of either or both Survey(s) to obtain an [* * *] satisfaction level in [* * *], subject to Section 38(c). “Standard Equity Access Loan” means an Equity Access Loan that is not a Piggyback Equity Access Loan. [***] INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN ...