Weighted Average LTV definition
Weighted Average LTV means, as of any date of determination with respect to all Eligible Loans other than Warehouse Loans, the percentage (rounded to the nearest one tenth (1/10th) of one percent (1%)) obtained by summing the products obtained by multiplying: the LTV at such time applicable to such Eligible Loan X the Outstanding Loan Balance of such Eligible Loan and dividing such sum by the Aggregate Outstanding Loan Balance at such time.
Weighted Average LTV means, as of any date of determination, the sum for each Purchased Loan of (i) the product of (A) the LTV of such Purchased Loan multiplied by (B) the Principal Balance of such Purchased Loan divided by (ii) the aggregate Principal Balance for all Purchased Loans.
Weighted Average LTV means, as of any date of determination with respect to all Eligible Loans, the percentage (rounded to the nearest one tenth (1/10th) of one percent (1%)) obtained by summing the products obtained by multiplying:
Examples of Weighted Average LTV in a sentence
No Seller shall permit (i) the weighted average Purchase Rate of all Mortgage Assets to exceed 85.0% or (ii) the Weighted Average LTV of all Mortgage Assets to exceed 80.0%.
Loan-to-Value Ratio Weighted Average LTV 74% Maximum LTV/CLTV/HCLTV 95/90/90% Maximum LTV/CLTV/HCLTV for Condominiums 90/90/90% Maximum LTV for Cash-out Refinances (without fees) 75% Maximum LTV for Cash-out Refinances (with fee) 80% Maximum Pool % for Cash-out Refinances LTV >75-80% 10% Maximum Pool % for Loans with 2nd Liens & CLTV/HCLTV > 75% 30% Maximum Pool % for >90 to 95% LTV ii.
More Definitions of Weighted Average LTV
Weighted Average LTV means, at any time with respect to a group of Purchased Mortgage Loans, the weighted average of all of the LTVs for such Purchased Mortgage Loans, weighted on the basis of the current Outstanding Principal Balance of such Purchased Mortgage Loans.
Weighted Average LTV means, as of any date of determination with respect to all Eligible Loans, the percentage (rounded to the nearest one tenth (1/10th) of one percent (1%)) obtained by summing the products obtained by multiplying: the LTV at such time applicable to such Eligible Loan X the Outstanding Loan Balance of such Eligible Loan and dividing such sum by: the Aggregate Outstanding Loan Balance at such time. “Weighted Average Proprietary Risk Rating” means, as of any date of determination with respect to all Eligible Loans, the number (rounded to the nearest one-tenth (1/10th) of one percent (1%)) obtained by summing the products obtained by multiplying: the Proprietary Risk Rating at such time of such Eligible Loan X the Outstanding Loan Balance of such Eligible Loan and dividing such sum by: the Aggregate Outstanding Loan Balance at such time. “Weighted Average Remaining Maturity” means, as of any date of measurement, with respect to all of the Eligible Loans included in the Collateral at such time, the number (rounded to the nearest one-tenth (1/10th)) equal to (i) the sum of the products for each such Eligible Loan of (A) the remaining term to maturity (in years, rounded to the nearest month and based upon the initial maturity date of such Eligible Loan) of such Eligible Loan times (B) the Outstanding Loan Balance of such Eligible Loan, divided by (ii) Aggregate Outstanding Loan Balance at such time.
Weighted Average LTV. With respect to all Mortgage Assets at any time, the sum of the products of the outstanding principal balances of such Mortgage Assets and (1) for any Mortgage Asset which is a Whole Loan (including any Transitional Asset), or a pari passu interest in a Whole Loan (including any Transitional Asset), the product of the Purchase Rate for such Mortgage Asset and the LTV of such Mortgage Asset and (2) for any Mortgage Asset which is not a Whole Loan, or a pari passu interest in a Whole Loan, the sum of the LTV of any debt senior to such Mortgage Asset and the product of (x) the Purchase Rate for such Mortgage Asset and (y) the LTV of such Mortgage Asset minus the First Dollar LTV for such Mortgage Asset, divided by the total outstanding principal balances of all Mortgage Assets.
Weighted Average LTV means, with respect to the Eligible Note Receivables owned by the Borrower, as of any date of determination, the number (rounded to the nearest one-tenth (1/10th of one percent (1%)) equal to (a) the sum of the products for each such Eligible Note Receivable of (i) the LTV of such Eligible Note Receivable (at origination or as of the latest calculation date, as applicable) times (ii) the Outstanding Note Receivable Balance of such Eligible Note Receivable divided by (b) Aggregate Outstanding Note Receivable Balance at such time.
Weighted Average LTV. At any time, an amount equal to:
Weighted Average LTV. At any time, an amount equal to: