Underwriting Criteria. Each Mortgage Loan [was underwritten generally in accordance with Greenpoint's credit underwriting guidelines in effect at the time such Mortgage Loan was originated] [conforms to the Fannie Mae or Freddie Mac mortgage eligibility criteria (as xxxx cxxxeria xxxxxxs to Greenpoint) and is eligible for sale to, and securitization by, Fannie Mae or Freddie Mac] [at the time of origination was xxxxxxritten tx xxxxxlines which are consistent with an institutional investor-quality mortgage loan]. Kindly acknowledge your agreement to the terms of this Purchase Confirmation by signing in the appropriate space below and returning this Purchase Confirmation to the undersigned. Telecopy signatures shall be deemed valid and binding to the same extent as the original. Sincerely, Agreed to and Accepted by: GREENPOINT MORTGAGE FUNDING, INC., GOLDMAN SACHS MORTGAGE COMPANY Xx:____________________________________ Name: By:____________________________________ Title: Name: Title: EXHIBIT A to PURCHASE CONFIRMATION MORTGAGE LOAN SCHEDULE (attached) EXHIBIT B to PURCHASE CONFIRMATION CALCULATION OF PURCHASE PROCEEDS (attached) EXHIBIT C to PURCHASE CONFIRMATION MISSING CREDIT DOCUMENTS -------------------------------------------------------------------------------- LOAN COUNT LOAN NUMBER DOCUMENT -------------------------------------------------------------------------------- 1. -------------------------------------------------------------------------------- 2. -------------------------------------------------------------------------------- 3. -------------------------------------------------------------------------------- 4. -------------------------------------------------------------------------------- 5. -------------------------------------------------------------------------------- EXHIBIT D to PURCHASE CONFIRMATION PENDING MORTGAGE LOANS -------------------------------------------------------------------------------- LOAN COUNT LOAN NUMBER DOCUMENT -------------------------------------------------------------------------------- 1. -------------------------------------------------------------------------------- 2. -------------------------------------------------------------------------------- 3. -------------------------------------------------------------------------------- 4. -------------------------------------------------------------------------------- 5. -------------------------------------------------------------------------------- EXHIBIT C [RESERVED] EXHIBIT D ...
Underwriting Criteria. Each Mortgage Loan [was underwritten generally in accordance with Indymac's credit underwriting guidelines in effect at the time such Mortgage Loan was originated] [conforms to the Fannie Mae or Freddie Mac mortgage exxxxxxlxxx crixxxxx (as such criteria applies to Indymac) and is eligible for sale to, and securitization by, Fannie Mae or Freddie Mac] [at the txxx xx originaxxxx xxs underwritten to guidelines which are consistent with an institutional investor-quality mortgage loan]. Kindly acknowledge your agreement to the terms of this Purchase Confirmation by signing in the appropriate space below and returning this Purchase Confirmation to the undersigned. Telecopy signatures shall be deemed valid and binding to the same extent as the original. Sincerely, Agreed to and Accepted by: INDYMAC BANK, F.S.B., GOLDMAN SACHS MORTGAGE COMPANY Xx: By: ----------------------------- ------------------------------- Name: Name: Title: Title: EXHIBIT A to PURCHASE CONFIRMATION MORTGAGE LOAN SCHEDULE (Available upon request to the Trustee) EXHIBIT B to PURCHASE CONFIRMATION CALCULATION OF PURCHASE PROCEEDS (Available upon request to the Trustee) EXHIBIT C to PURCHASE CONFIRMATION
Underwriting Criteria means the Credit and Collection Guidelines used by the Originator in originating commercial mortgage loans, as in effect as of the Closing Date and attached hereto as Exhibit XI, which underwriting criteria may be modified from time to time solely with the consent of the Buyer (such consent not to be unreasonably withheld or delayed).
Examples of Underwriting Criteria in a sentence
Manufactured Housing Numeric – Integer 1 99 Manufactured Housing Loans Only See Codes 0 = No 1 = Yes 99 = Unavailable MH-13 Defined Underwriting Criteria (Y/N) An indicator of whether the loan was made in accordance with a defined and/or standardized set of underwriting criteria.
Each application that successfully meets the Selection Criteria (if applicable) and Threshold Factors requirements will be underwritten using the Underwriting Criteria outlined in Section 5 of the QAP to determine the amount of credits needed to financially stabilize the development.
As noted herein, the Board will have the sole and absolute discretion for determining, and otherwise adjusting, its Underwriting Criteria from time to time.
However, the current market for Loans that meet the Company’s anticipated Underwriting Criteria and investment objectives may be limited.
Projects may not receive more than two scores of “0” (Zero) on any of the Underwriting Criteria elements.
More Definitions of Underwriting Criteria
Underwriting Criteria means the underwriting standards adopted and maintained by Lender for Loans reflected in Schedule A, as they may be amended from time to time, (i) by agreement of the Parties, (ii) by Lender in response to advice or comments received from a Governmental Authority upon 30 days advance written notice to Servicer or (iii) by Lender to the extent required by Law upon written notice to Servicer.
Underwriting Criteria. Each Mortgage Loan [was underwritten generally in accordance with the Seller’s credit underwriting guidelines in effect at the time such Mortgage Loan was originated] [conforms to the Xxxxxx Xxx or Xxxxxxx Mac mortgage eligibility criteria and is eligible for sale to, and securitization by, Xxxxxx Mae or Xxxxxxx Mac] [conforms in all material respects to the GNMA mortgage eligibility criteria and is eligible for sale and securitization into a GNMA mortgage-backed security] [at the time of origination was underwritten to guidelines which are consistent with an institutional investor-quality mortgage loan].
Underwriting Criteria. Each Mortgage Loan [was underwritten generally in accordance with Countrywide's credit underwriting guidelines in effect at the time such Mortgage Loan was originated] [conforms to the Fannie Mae or Freddie Mac mortgage eligibility criteria (as such criterxx xxxlxxx to Xxxxxxxwide) and is eligible for sale to, and securitization by, Fannie Mae or Freddie Mac] [conforms in all material respects to the GNXX xxxtgage elxxxxxxxty criteria and is eligible for sale and securitization into a GNMA mortgage-backed security] [at the time of origination was underwritten to guidelines which are consistent with an institutional investor-quality mortgage loan]. Kindly acknowledge your agreement to the terms of this Purchase Confirmation by signing in the appropriate space below and returning this Purchase Confirmation to the undersigned. Telecopy signatures shall be deemed valid and binding to the same extent as the original. Sincerely, Agreed to and Accepted by: COUNTRYWIDE HOME LOANS, INC. BARCLAYS BANK PLC By:_________________________________ By:____________________________________ Name: Darren Bigby Name: Title: Title: EXHIBIT A to PURCHASE CONFIRMATION MORTGAGE LOAN SCHEDULE EXHIBIT B to PURCHASE CONFIRMATION CALCULATION OF PURCHASE PROCEEDS EXHIBIT C to PURCHASE CONFIRMATION MISSING CREDIT DOCUMENTS LOAN COUNT LOAN NUMBER DOCUMENT EXHIBIT D to PURCHASE CONFIRMATION PENDING MORTGAGE LOANS LOAN COUNT LOAN NUMBER DOCUMENT EXHIBIT C [RESERVED] EXHIBIT D FORM OF TRADE CONFIRMATION [COUNTRYWIDE LETTERHEAD] [DATE] Barclays Bank PLC 200 Park Avenue New York, New York 10166 Attn: [XXXXXXX, XXXXX] Xx: Xxxx xx $[XXXXXX] Million of Mortgage Loans to Barclays Bank PLC (Deal No. yrmm-xxx)
Underwriting Criteria means the underwriting standards adopted and maintained by Lender for Loans reflected in Schedule B, as they may be amended from time to time, (i) by agreement of the Parties, (ii) by Lender in response to advice or comments received from a Governmental Authority, upon thirty (30) calendar days advance written notice to Servicer if practicable, or as otherwise directed by such Governmental Authority, (iii) by Lender to the extent required by Applicable Law, in Lender’s sole discretion, upon written notice to Servicer, or (iv) by Lender in good faith, if the six month average of the Performance Percentage is less than [*****] basis points, upon ten (10) days’ advance written notice to Servicer, provided, however that if Servicer requires more than ten (10) days to comply with such change, Lender has the right to require Servicer to suspend Loan originations until the change can be made. Additionally, Lender may confirm, as it deems appropriate, that the Underwriting Criteria are met on an ongoing basis. Notwithstanding the foregoing, Lender shall at all times retain control over all credit decisions and Lender shall approve or deny in writing, in its sole discretion, any overrides of Underwriting Criteria.
Underwriting Criteria. The criteria used by Triad for purchasing contracts.
Underwriting Criteria means, with respect to each Loan Product and each corresponding Loan, the underwriting and appraisal guidelines of Lender as to such Loan Product in effect as of the date of the origination of the related Loan or as of the date of this Agreement, as applicable, as set forth in the Policies and Procedures or otherwise as applied by Lender from time to time.
Underwriting Criteria means Lender’s underwriting standards reflected in Schedule B attached hereto, as they may be amended from time to time, (i) by agreement of the Parties; (ii) by Lender in response to advice or comments received from a Governmental Authority upon thirty (30) days advance written notice to Servicer, unless a shorter period of time is mandated by such Governmental Authority; (iii) by Lender to the extent reasonably necessary to maintain the overall quality of the Loans as a whole (per performance thresholds agreed upon by the Parties) upon thirty (30) days advance written notice to Servicer; or (iv) by Lender to the extent required by Law.