We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Special Loan definition

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 means a (i) Xxxxxx Xxx Non-Traditional Loan or (ii) New Construction One-Time Close Loan.
Special Loan is defined in Section 2.03(d).

Examples of Special Loan in a sentence

  • 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.

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

  • RD- HAMP provides pay-for-performance compensation for borrowers and pay-for-successcompensation for servicers for RHS-guaranteed first lien Non-GSE Mortgages that are modified under Special Loan Servicing on or after September 24, 2010.

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

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


More Definitions of Special 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. As described in Section 4.6.
Special Loan means a (i) Fannie Mae Non-Traditional Loan or (ii) New Construction One-Time Close Loan.
Special Loan means, in respect of each Partner, the amount of money advanced from time to time as a loan by that Partner to the Partnership pursuant to the provisions of section 2.20, together with accrued and unpaid interest thereon, if any;
Special Loan has the meaning set forth in Section 1.05(a).
Special Loan shall have the meaning set forth in Section 4.6.