Subprime Loans definition

Subprime Loans means residential mortgage loans, which are Subprime and are offered by ILSI through the Website or through portals, other co-branded sites or call centers.
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Subprime Loans. An Eligible Mortgage Loan consisting of non-conforming "A-" through "C-" quality rated loans, as determined by the Lender, in its sole discretion.
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Examples of Subprime Loans in a sentence

  • Vikas Bajaj & Ron Nixon, Subprime Loans Going from Boon to Housing Bane: Minority Buyers Especially Hurt As Interest Rates Adjust Higher, N.Y. TIMES, Dec.

  • Did Securitization Lead to Lax Screening?Evidence from Subprime Loans.

  • The obligation to purchase any Subprime Loans identified in a Confirmation does not extend to any Loans that would violate any representation and warranty by Seller contained in the LPA.

  • MC shall transmit the survey to all borrowers at the time of closing of Subprime Loans.

  • During the term of this Agreement, ILSI will have a royalty-free worldwide license to use MC CLOser(R) in connection with the origination and processing of Subprime Loans under the terms of this Agreement and in connection with any other loans for which MC receives compensation as described in Article IV.

  • MC shall use its own funding sources to close and fund Subprime Loans in MC's name as original payee/mortgagee.

  • Subprime Loans may be transmitted to MC for further processing at any stage of the application process.

  • Subprime Loans closed and funded in MC's name shall be sold by MC to the appropriate Participating Lender or other lender.

  • ILSI shall use commercially reasonable efforts to specifically advertise and market the Subprime Loans, using such methods and distribution channels as it deems advisable, to increase the number of customers using the Website to find Subprime Loans.

  • ILSI shall regularly update and refine the information it provides to customers of Subprime Loans.

Related to Subprime Loans

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Loan or Loans means, as the context may require, Revolving Loans and/or Swing Line Loans.

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

  • Refinance Loan Any Mortgage Loan the proceeds of which are used to refinance an Original Mortgage Loan.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Revolving Loans as defined in Section 2.4(a).

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Eurodollar Rate Loans means any Loans or portion thereof on which interest is payable based on the Adjusted Eurodollar Rate in accordance with the terms hereof.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • LIBOR Loans means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Extended Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.