Texas Home Equity Loan definition

Texas Home Equity Loan. An extension of credit described in Section 50(a)(6), Article XVI of the Texas Constitution.
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Texas Home Equity Loan means an extension of credit described by ---------------------- Section 50(a)(6), Article XVI of the Texas Constitution. Schedule 2-4 SCHEDULE 3 ---------- FILING JURISDICTIONS AND OFFICES Secretary of State of Minnesota Secretary of State of California Schedule 3-1 SCHEDULE 4 ---------- Option Breakage Fee Collateral Value and Applicable Margin
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Texas Home Equity Loan. A mortgage originated under the provisions of Section 50(a)(6), Article XVI of the Texas Constitution, which allow a borrower to take equity out of a homestead property under certain conditions. Name: Xxxxx Xxxxx Address: Quicken Loans Inc. Telephone: (000) 000-0000 0000 Xxxxxxxx Xxxxxx Facsimile: (000) 000-0000 Xxxxxxx, Xxxxxxxx 00000-0000 Any of the persons whose signatures and titles appear below are authorized, acting singly, to act for Quicken Loans under this Agreement: Xxxxxxx Xxxxxxx Vice Chairman /s/ Xxxxxxx Xxxxxxx Xxx Xxxxxx CEO /s/ Xxx Xxxxxx Xxxxxx Xxxxxxx President and COO /s/ Xxxxxx Xxxxxxx Xxxxxxx Xxxxxxxx EVP, Capital Markets /s/ Xxxxxxx Xxxxxxxx Xxxxx Xxxxx CFO & Treasurer /s/ Xxxxx Xxxxx Xxxxxx X. Xxxxxx Secretary, Executive Vice President and General Counsel /s/ Xxxxxx X. Xxxxxx Xxx Xxxxxx Vice President, Treasury /s/ Xxx Xxxxxx Xxxxxxxx (Xxxxx) Xxxxxx Director of Treasury Operations /s/ Xxxxxxxx (Xxxxx) Xxxxxx Xxxxx Xxxxxxx Team Leader, Treasury Operations /s/ Xxxxx Xxxxxxx Xxxxx Xxxxx Senior Treasury Operations Analyst /s/ Xxxxx Xxxxx Xxxxx Xxxxx Senior Treasury Operations Analyst /s/ Xxxxx Xxxxx Xxxxx Xxxxxxx Treasury Operations Analyst /s/ Xxxxx Xxxxxxx Xxxxx Xxxxxxx Vice President, Capital Markets /s/ Xxxxx Xxxxxxx Xxxxxxx Xxxxx Director, Transaction Management /s/ Xxxxxxx Xxxxx Xxxx Xxxxxx Transaction Manager /s/ Xxxx Xxxxxx Xxxxxxxx Xxxxx Transaction Manager /s/ Xxxxxxxx Xxxxx Xxxx Xxxxxx Transaction Manager /s/ Xxxx Xxxxxx Xxxxxxxxx Xxxxxx Transaction Manager /s/ Xxxxxxxxx Xxxxxx Xxxxxxx Xxxx Team Leader, Capital Markets /s/ Xxxxxxx Xxxx Xxxxxxx Xxxxxxx Team Leader, Capital Markets /s/ Xxxxxxx Xxxxxxx Xxxxxxx XxXxxxxxx Team Leader, Capital Markets /s/ Xxxxxxx XxXxxxxxx Xxxxx Xxxxxxxx Dir. Post Closing /s/ Xxxxx Xxxxxxxx Xxxxxx Xxxxxxxx Team Captain, Capital Markets /s/ Xxxxxx Xxxxxxxx Xxxxxxxx Xxxxxxxx Collateral Coordinator /s/ Xxxxxxxx Xxxxxxxx Name: Xxxxx Xxxxx Address: One Reverse Mortgage, LLC Telephone: (000) 000-0000 0000 Xxxxxxx Xxxxxxx Xxxx. Facsimile: (000) 000-0000 Xxxxx 000 Xxx Xxxxx, Xxxxxxxxxx 00000
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Examples of Texas Home Equity Loan in a sentence

  • With respect to any Mortgage Loan which is a Texas Home Equity Loan, any and all requirements of Section 50, Article XVI of the Texas Constitution applicable to Texas Home Equity Loans which were in effect at the time of the origination of the Mortgage Loan have been complied with.

  • With respect to any Loan which is a Texas Home Equity Loan, any and all requirements of Section 50, Article XVI of the Texas Constitution applicable to Texas Home Equity Loans which were in effect at the time of the origination of the Mortgage Loan have been complied with.

  • With respect to any Mortgage Loan which is a Texas Home Equity Loan (as defined below in this Schedule 1), any and all requirements of Section 50, Article XVI of the Texas Constitution applicable to Texas Home Equity Loans which were in effect at the time of the origination of the Mortgage Loan have been complied with.

  • In September 2006, Plaintiffs obtained a Texas Home Equity Loan in the amount of $520,000.00, secured by their home in Houston, Texas, through a Texas Home Equity Security Agreement.

  • Even where cash is being taken out of a transaction to payoff an ex-spouse, it may be possible to keep the loan’s classification as a rate and term refinance, rather than converting it to a Texas Home Equity Loan.

  • With respect to any Mortgage Loan which ----------------------- is a Texas Home Equity Loan, any and all requirements of Section 50, Article XVI of the Texas Constitution applicable to Texas Home Equity Loans which were in effect at the time of the origination of the Mortgage Loan have been complied with.

  • F-13• Texas Home Equity Receipt of Copies…………………………………………....F-14• Election to Proceed with Refinance of Texas Home Equity Loan .......................

  • With respect to any Revolving Credit Loan which is a Texas Home Equity Loan, any and all requirements of Section 50, Article XVI of the Texas Constitution applicable to Texas Home Equity Loans which were in effect at the time of the origination of the Revolving Credit Loan have been complied with.

  • With respect to any Loan which is a Texas Home Equity Loan, any and all requirements of Section 50, Article XVI of the Texas Constitution applicable to Texas Home Equity Loans which were in effect at the time ofthe origination of the Mortgage Loan have been complied with.

Related to Texas Home Equity Loan

  • Home Equity Loan means a loan or funded or unfunded portions of a line of credit secured by a mortgage on a one-to four-family residences or stock of cooperative housing association, where the Failed Bank did not have a first lien on the same property as collateral.

  • 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.

  • Residential mortgage loan means any loan primarily for

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • Countrywide Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Countrywide is the applicable Seller.

  • REAL ESTATE MORTGAGE INVESTMENT CONDUIT (A "REMIC") AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). [FOR SUBORDINATE CERTIFICATES][THIS CERTIFICATE IS SUBORDINATE TO ONE OR MORE CLASSES OF CERTIFICATES OF THE SAME SERIES AS AND TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.] [FOR PRINCIPAL BALANCE CERTIFICATES][THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE.] [FOR CLASS X-1 AND CLASS X-2 CERTIFICATES][THE OUTSTANDING CERTIFICATE NOTIONAL AMOUNT HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE. THIS CERTIFICATE DOES NOT HAVE A CERTIFICATE PRINCIPAL BALANCE AND WILL NOT ENTITLE THE HOLDER HEREOF TO DISTRIBUTIONS OF PRINCIPAL.] [FOR REGULATION S GLOBAL CERTIFICATES][PRIOR TO THE DATE THAT IS 40 DAYS AFTER THE LATER OF (A) THE CLOSING DATE AND (B) THE COMMENCEMENT OF THE INITIAL OFFERING OF THE CERTIFICATES IN RELIANCE ON REGULATION S, THIS CERTIFICATE MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO A U.S. PERSON EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED. NO BENEFICIAL OWNERS OF THIS CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENT OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.]

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • student loan means a loan towards a student’s maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student’s bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Commercial Mortgage Loan means a loan secured by a Lien on improved real estate used for commercial purposes.

  • Commercial loan means a loan that is not made primarily for

  • Initial Mortgage Loan A Mortgage Loan conveyed to the Trust Fund on the Closing Date pursuant to this Agreement as identified on the Mortgage Loan Schedule delivered to the Trustee on the Closing Date.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of January 30, 2008 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer"), axx XXBC Bank USA, National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and, subject to the prior rights of the Group I-A Certificates (and related Exchangeable Certificates), the Class I-A-PO Component and each Class of Group I-B Certificates bearing a lower numerical designation as specified in the Agreement, any Class I-B-3 Distribution Amount required to be distributed to Holders of the Class I-B-3 Certificates on such Distribution Date, subject to adjustment, in certain events, as specified in the Agreement. The pass-through rate on the Class I-B-3 Certificates applicable to each Distribution Date will be 6.000% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and any Relief Act Shortfall allocated to the Class I-B-3 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • Group II Mortgage Loan A Mortgage Loan assigned to Loan Group II with a Stated Principal Balance at origination that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac loan limits.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Simple Interest Mortgage Loan Those simple interest loans as noted on the Mortgage Loan Schedule under the data field designated “DSI.”