Examples of Subprime Mortgage Loan in a sentence
The Mortgage Loan is a Conventional Conforming Mortgage Loan, Government Mortgage Loan, Jumbo Mortgage Loan, Super Jumbo Mortgage Loan, Expanded Criteria Mortgage Loan, Subprime Mortgage Loan, Closed-End Second Lien Mortgage Loan, HELOC Mortgage Loan or Nonperforming/Subperforming Mortgage Loan, as applicable.
B-6 for Repurchased Defaulted Mortgages Loans, B-7 for Foreclosed Properties Loans, B-8 for Servicing Acquisition Loans and B-9 for Subprime Mortgage Loan Requests.
Each Mortgage Loan (other than a Subprime Mortgage Loan) with an LTV at origination in excess of 80% is and will be subject to a PMI Policy, issued by a Qualified Insurer, which insures that portion of the Mortgage Loan in excess of the portion of the Appraised Value of the Mortgaged Property required by Xxxxxx Mae.
The Mortgage Loan is a Subprime Mortgage Loan, Closed-End Second Lien Mortgage Loan or Nonperforming/Subperforming Mortgage Loan, as applicable.
In the case of a Subprime Mortgage Loan, the FICO score of the related Mortgagor was at least 500 on the Origination Date.