Special Loan definition

Special Loan means a (i) Fannie Mae Non-Traditional Loan or (ii) New Construction One-Time Close Loan.

Special Loan means each loan classified or properly classifiable as "Other Loans Specially Mentioned," "Special Mention," "Substandard," "Doubtful," "Loss," "Classified," "Criticized," "Credit Risk Assets," "Concerned Loans" or words of similar import.

Special Loan is defined in Section 2.03(d).

Examples of Special Loan in a sentence

• For specific guidance related to eligibility, underwriting and administration of Special Loan Servicing, servicers should consult the final rule published by RHS (75 Fed.

• RHS announced Special Loan Servicing to provide assistance to borrowers with Single Family Housing Guaranteed Loan Program loans who are unable to meet their mortgage payments.

• In all cases, a borrower is only allowed one Special Loan Servicing modification during the life of the loan.

• Prior to modifying a loan using RD Special Loan Servicing, the servicer must have the borrower complete a trial period during which the borrower makes the monthly mortgage payment they would make under the modified mortgage.

• The servicer must exhaust all traditional waterfall options before considering Special Loan Servicing (SLS).

More Definitions of Special Loan

Special Loan. As described in Section 4.6.

Special Loan means a (i) Xxxxxx Xxx Non-Traditional Loan or (ii) New Construction One-Time Close Loan.

Special Loan means a Loan where the original principal amount of such Loan exceeded 100% of the purchase price of the Hotel securing such Loan.

Special Loan is defined in Section 2.2(b).

Special Loan has the meaning set forth in the definition of “Loan.”

Special Loan shall have the meaning set forth in Section 4.6.

Special Loan in the applicable alphabetical order as follows: