Examples of Restricted Mortgage Loan in a sentence

In lieu of foreclosure, any Restricted Mortgage Loan shall be repurchased or substituted in accordance with and subject to the limitations contained in Section 2.05.
Neither the Trust nor the Trustee on behalf of the Trust shall complete foreclosure proceedings with respect to any Restricted Mortgage Loan.
For purposes of this Agreement, any purchase effected in accordance with this paragraph shall be deemed to be a prepayment of the related Restricted Mortgage Loan.
For purposes of this Section 3.13(b), the Value of REO Property from a Foreclosure Restricted Mortgage Loan shall be treated as equal to the Principal Balance of the related Foreclosure Restricted Mortgage Loan plus interest that had accrued on such Mortgage Loan as of the date of acquisition of the REO Property.
The Servicer shall not complete, or allow to be completed, a foreclosure or accept a deed in lieu of a foreclosure with respect to any Foreclosure Restricted Mortgage Loan if it would cause the Trust to hold REO Property from Foreclosure Restricted Mortgage Loans with an aggregate Value (as defined in this paragraph below) in excess of 0.75% of the Pool Balance as of the end of the prior Collection Period.

More Definitions of Restricted Mortgage Loan

Restricted Mortgage Loan means (i) a “Manufactured Home Loan,” “Graduated Payment Loan,” “Buydown Loan,” “Project Loan,” “Construction Loan” or “HECM Loan,” each as defined in the applicable Agency Guide, (ii) a 30+ Day Delinquent Mortgage Loan, (iii) a Mortgage Loan for which the related Escrow Payments have not been made by the next succeeding Due Date, or (iv) a High Cost Mortgage Loan.

Restricted Mortgage Loan. As defined in Section 3.06.

Restricted Mortgage Loan means (i) a “Growing Equity Loan,” “Graduated Payment Loan,” “Buydown Loan,” “Project Loan,” “Construction Loan” or “HECM Loan,” each as defined in the applicable Agency Guide, (ii) a 30+ Day Delinquent Mortgage Loan, (iii) a Mortgage Loan for which the related Escrow Payments have not been made by the next succeeding Due Date, (iv) a High Cost Mortgage Loan, (v) a Mortgage Loan that could result in Negative Amortization or (vi) a Special Loan.

Restricted Mortgage Loan means (i) a “Growing Equity Loan,” “Manufactured Home Loan,” “Graduated Payment Loan,” “Buydown Loan” (other than an Agency Buydown Loan),” “Manufactured Housing Loan” (other than an Approved Manufactured Home Loan”) “Project Loan,” “Construction Loan” ([***]) or “HECM Loan,” each as defined in the applicable Agency Guide, (ii) a 30+ Day Delinquent Mortgage Loan, (iii) a Mortgage Loan for which the related Escrow Payments have not been made by the next succeeding Due Date, or (iv) a High Cost Mortgage Loan.

Restricted Mortgage Loan. A Mortgage Loan for which the related Mortgagor was the subject of a bankruptcy proceeding as of the Closing Date. Each Restricted Mortgage Loan is listed on Schedule V.

Restricted Mortgage Loan means (i) a “Growing Equity Loan,” “Manufactured Home Loan,” “Graduated Payment Loan,” “Buydown Loan” (other than an Agency Buydown Loan),” “Manufactured Housing Loan” (other than an Approved Manufactured Home Loan”) “Project Loan,” “Construction Loan” or “HECM Loan,” each as defined in the applicable Agency Guide, (ii) a 30+ Day Delinquent Mortgage Loan, (iii) a Mortgage Loan for which the related Escrow Payments have not been made by the next succeeding Due Date, or (iv) a High Cost Mortgage Loan.