Principal Residential definition

Principal Residential. Principal Residential Mortgage, Inc., an Iowa corporation, and its successors and assigns, in its capacity as seller of the Principal Residential Mortgage Loans to the Transferor.
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Principal Residential. Principal Residential Mortgage, Inc. and its successors and assigns, in its capacity as Originator of the Principal Residential Mortgage Loans.
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Examples of Principal Residential in a sentence

  • From 1993 to 2004, he was President and CEO of Principal Residential Mortgage, Inc.

  • During the third quarter of 2004, the Company recorded approximately $102 million of goodwill in connection with the acquisition of Principal Residential Mortgage, Inc.

  • Any future bills will be promptly forwarded to Principal Residential.

  • The repurchase price shall be reduced by the amount of the individual escrow balances as of the repurchase date for any Loans being repurchased by Seller, which escrow balances will not be transferred to Seller but instead will be retained by Principal Residential.

  • The Seller shall permit Principal Residential to perform a quality control review on any Loan Principal Residential has committed to purchase.

  • Any agreed upon correction shall be set forth in a corrected confirmation from Principal Residential which shall set forth the material terms, as corrected, of the oral Commitment and shall supersede the initial confirmation as to such corrected terms.

  • Seller and Principal Residential will each provide certificates of incumbency indicating that the persons executing this Agreement are authorized to act on behalf of Seller and Principal Residential, respectively.

  • Principal Residential will not be liable for any commissions or fees in connection with the purchase of any Loans hereunder.

  • Seller will provide documentation evidencing the authority of the person(s) endorsing the Mortgage Notes and/or signing the Assignments of Mortgage with respect to any Loans purchased by Principal Residential pursuant to this Agreement.

  • Should the written confirmation sent by Principal Residential contain any terms which Seller believes are in error, based upon the oral Commitment pertaining thereto, Seller shall immediately (but in no event later than two days after its receipt of such written confirmation) contact Principal Residential relative thereto.

Related to Principal Residential

  • Principal residence means a homestead actually and

  • Local Resident a local resident is a local member who has resided within eighty (80) kilometres of a project, but outside the cities of Regina and Saskatoon, for at least six (6) months immediately preceding the date of hire. LOCAL UNION OR UNION - means the International Union of Operating Engineers, Hoisting, Portable and Stationary, Local 870.

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2006-22". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Principal Receipts has the meaning specified in Section 5.2. Pro Rata Basis has the meaning specified in Section 8.2. Put Option Agreement means the agreement between Lender and TALF LLC, pursuant to which Lender shall have the option to sell or assign from time to time, and TALF LLC shall have the obligation to purchase from Lender from time to time,

  • Principal Funds With respect to the Mortgage Loans and any Distribution Date, the sum, without duplication, of (1) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date, (2) prepayments in full collected in the related Prepayment Period, (3) the Stated Principal Balance of each Mortgage Loan that was purchased by the Depositor during the related Prepayment Period or, in the case of a purchase pursuant to Section 9.01, on the Business Day prior to such Distribution Date, (4) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal of the related Deleted Mortgage Loans delivered by the Sponsor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), (5) all Liquidation Proceeds collected during the related Prepayment Period (to the extent such Liquidation Proceeds relate to principal and represent payment in full), (6) all Subsequent Recoveries received during the related Due Period and (7) all other collections and recoveries in respect of principal during the related Due Period, less (A) all Non-Recoverable Advances relating to principal with respect to the Mortgage Loans and (B) other amounts reimbursable (including without limitation indemnity payments) to the Servicer and the Trustee pursuant to this Agreement allocable to principal.

  • Investor-Owned Residential Loans means Loans, excluding advances made pursuant to Home Equity Loans, that are secured by mortgages on one- to four family residences or stock of cooperative housing associations that are not owner-occupied. These loans can be treated as Restructured Loans on a commercially reasonable basis and can be a restructured under terms separate from the Exhibit 5 standards. Please refer to Exhibit 2b for guidance in Calculation of Loss for Restructured Loans.

  • Principal Regulator means the body or person appointed as the Principal Regulator under the Charities Act 2011;

  • Principal Relocation Payment A payment from any Loan Group to REMIC 1 Regular Interests other than those of their corresponding Loan Group as provided in the Preliminary Statement. Principal Relocation Payments shall be made of principal allocations comprising the Principal Amount from a Loan Group.

  • Principal Act means the Social Welfare Consolidation Act 2005.

  • Investor-Owned Residential Loan means a Loan, excluding advances made pursuant to a Home Equity Loan, that is secured by a mortgage on a one- to four family residences or stock of cooperative housing associations that is not owner-occupied or the borrower’s primary residence.

  • Residential Development means lands, buildings or structures developed or to be developed for residential use;

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Residential Units means individually or collectively (as the context requires), any or all residential apartment unit(s) in the Project.

  • Residential means that the Premises where the Service is installed are used wholly:

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Principal Corporate Trust Office means the office of the Trustee, at which at any particular time its corporate trust business shall be principally administered, which office at the date of execution of this instrument is at the address set forth in the first paragraph of this instrument.

  • Non-Primary Residence Loans The Mortgage Loans designated as secured by second or vacation residences, or by non-owner occupied residences, on the Mortgage Loan Schedule.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).