Pipeline Mortgage Loans definition

Pipeline Mortgage Loans means all registrations for and applications from prospective borrowers for Residential Mortgage Loans that have been put into process by Seller or the Subsidiary as of the Closing Date which have not yet been closed and which are listed on Schedule 1.21 of the Transitional Services Agreement.
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Pipeline Mortgage Loans means Mortgage Loans in process, taken or originated by sales persons or agents of the Company, which are not closed and funded before the close of business on the Closing Date, as set forth on Schedule 4.18(m).
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Pipeline Mortgage Loans means all written applications committed from prospective borrowers, Brokers or correspondents for first lien, residential mortgage loans which have been accepted for processing or underwriting by Seller as of the Closing Date, as listed on Schedule 2.1 (e) hereto, as updated from time to time pursuant to Section 7.9 (d), which have been handled following the same programs and procedures as currently in effect, which have not yet been either cancelled by Seller or closed and funded, together with all interest, and rights to such loans.
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Examples of Pipeline Mortgage Loans in a sentence

  • On and after the Effective Date, Banc One shall lock in Pipeline Mortgage Loans with HomeSide Lending.

  • The Loan Documents that relate to the Pipeline Mortgage Loans are correct and complete in all material respects, and all actions taken with respect to each Pipeline Mortgage Loan have been taken in compliance with all Applicable Requirements.

  • On each Sale Date related to Pipeline Mortgage Loans, Seller shall complete and provide to Purchaser, (i) the Mortgage Loan Schedule for such Sale Date and (ii) its calculation of the Purchase Price based on information regarding the related Pipeline Mortgage Loans as of the corresponding Cutoff Date that is included in the Mortgage Loan Schedule.

  • This is an increase of 1,245 properties from the 112,323 chargeable dwellings recorded for 2010/11.

  • The Pipeline Mortgage Loans shall be valued at the difference between (a) the estimated market value as if the Pipeline Mortgage Loans had been funded and sold on a servicing-released basis, plus an amount equal to 35 basis points of the par amount of the Pipeline Mortgage Loans and (b) the sum of par plus an estimate of FAS 91 deferred expenses determined in accordance with GAAP based on the Company’s actual experience for the 60-day period prior to Closing.

  • The Seller and the Purchaser shall cooperate to agree on the settlement process and reconciliation of the Purchase Price of the Pipeline Mortgage Loans.

  • Seller shall not directly or indirectly solicit the applicants, registrants for or mortgagors of any of the Pipeline Mortgage Loans for purposes of originating, funding or arranging a loan or prepayment or refinance or modification of any Pipeline Mortgage Loans or any other financial services or products, by means of direct mail or telephonic or personal solicitation or other means that are not directed to the public generally.

  • No Seller has previously assigned, transferred or encumbered the Pipeline Mortgage Loans or the Purchased Mortgage Loans.

  • Purchaser shall respond to Seller’s requests for information concerning the processing and status of the Pipeline Mortgage Loans.

  • The sale, transfer and assignment by Sellers to Purchaser of the Pipeline Mortgage Loans on the Closing Date and the Purchased Mortgage Loans on such dates as they are transferred to Purchaser pursuant to Section 7.12 will be valid and enforceable in accordance with their terms and will effectively vest in Purchaser good title to the Pipeline Mortgage Loans and the Purchased Mortgage Loans, in each case free and clear of any and all Liens.


More Definitions of Pipeline Mortgage Loans

Pipeline Mortgage Loans. All residential mortgage loans not reflected on the preliminary schedule of Mortgage Loans referenced in the definition of “Mortgage Loan Schedule” that are processed, pooled, sold and/or delivered by the Seller to an Investor prior to the initial Sale Date, except as otherwise mutually agreed by the Seller and the Purchaser.
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Pipeline Mortgage Loans means mortgage loans to be secured by residential real property in the State of Montana for which, as of the Closing Date, Seller has received an application and designated the applicable mortgage loan rate as “locked,” but which has not been funded. Schedule 1.1(g), which Seller shall deliver to Purchaser on the Closing Date, shall contain a complete and accurate list of the Pipeline Mortgage Loans.
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Pipeline Mortgage Loans. All of the Fxxxxx Mxx Mortgage Loans with respect to which there is a rate lock or similar commitment entered into by Seller before the close of business on the Cutoff Date in respect of the Fxxxxx Mae Mortgage Loans, but in respect of which such Agency Mortgage Loan has not been funded and/or processed, pooled and sold by Seller as of such Cutoff Date. The Mortgage Servicing Rights in respect of such Pipeline Mortgage Loans shall be sold hereunder in accordance with the terms of this Agreement provided that they are processed, pooled and sold by Seller to Fxxxxx Mxx prior to the Termination Date.
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Pipeline Mortgage Loans means all registrations for and applications from prospective borrowers for Residential Mortgage Loans that have been put into process by the Origination Business prior to 12:01 a.m. on the Closing Date, and (i) which have not been closed or funded by Seller prior to the Closing Date and (ii) which are listed on the Pipeline Mortgage Loan Schedule as mutually agreed by Buyer and Seller.
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Related to Pipeline Mortgage Loans

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

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

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of January 30, 2008 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer"), axx XXBC Bank USA, National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and, subject to the prior rights of the Group I-A Certificates (and related Exchangeable Certificates), the Class I-A-PO Component and each Class of Group I-B Certificates bearing a lower numerical designation as specified in the Agreement, any Class I-B-3 Distribution Amount required to be distributed to Holders of the Class I-B-3 Certificates on such Distribution Date, subject to adjustment, in certain events, as specified in the Agreement. The pass-through rate on the Class I-B-3 Certificates applicable to each Distribution Date will be 6.000% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and any Relief Act Shortfall allocated to the Class I-B-3 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

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

  • Group II Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group II Mortgage Loans.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Mortgage Loans Such of the mortgage loans transferred and assigned to the Trustee pursuant to the provisions hereof as from time to time are held as a part of the Trust Fund (including any REO Property), the mortgage loans so held being identified in the Mortgage Loan Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.

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

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Purchased Mortgage Loans means the collective reference to Mortgage Loans together with the Repurchase Assets related to such Mortgage Loans transferred by Seller to Buyer in a Transaction hereunder, listed on the related Mortgage Loan Schedule attached to the related Transaction Request, which such Mortgage Loans the Custodian has been instructed to hold pursuant to the Custodial Agreement.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Type 1 Mortgage Loan Any of the Mortgage Loans identified in Exhibit F-1 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, serviced under the WFHM Servicing Agreement and having a Mid-Month Receipt Period with respect to all types of Unscheduled Principal Receipts.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Other Servicer Mortgage Loan Any of the Mortgage Loans, if any, identified in Exhibit F-2 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, which Mortgage Loan is serviced under an Other Servicing Agreement.