Xxxxxx Mortgage Loan definition

Xxxxxx Mortgage Loan means any Mortgage Loan transferred by the Xxxxxx Mortgage Loan Seller to the Depositor, pursuant to the Xxxxxx/Depositor Mortgage Loan Purchase Agreement.
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Xxxxxx Mortgage Loan. Each Mortgage Loan originated by Xxxxxx and listed on the Mortgage Loan Schedule. Xxxxxx Purchase and Servicing Agreement: The Flow Mortgage Loan Sale and Servicing Agreement listed in Exhibit E hereto among the Seller, Xxxxxx and JMPCB, as modified by the related Acknowledgement.
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Xxxxxx Mortgage Loan shall have the meaning set forth in the Recitals to this Agreement.
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Examples of Xxxxxx Mortgage Loan in a sentence

  • The servicing and collection practices used by the Depositor and the applicable Xxxxxx Mortgage Loan Seller or, to the Depositor's knowledge, any other prior holder of the related Mortgage Note with respect to such Mortgage Loan have been in all respects legal and have met customary industry standards.

  • KeyBank National Association is hereby appointed as the initial Special Servicer to specially service the 100 Xxxxx Xxxxxx Mortgage Loan.

  • Neither the Depositor nor the Xxxxxx Mortgage Loan Seller has waived, in writing or with knowledge, any material default, breach, violation or event of acceleration under any of such documents.

  • The servicing and collection practices used by the Depositor and the Xxxxxx Mortgage Loan Seller or, to the Depositor's knowledge, any other prior holder of the related Mortgage Note with respect to such Mortgage Loan have been in all respects legal and have met customary industry standards.

  • The 0 Xxxxxxxx Xxxxxx Mortgage Loan shall be a Non-Trust-Serviced Pooled Mortgage Loan.

  • Neither the Depositor nor the applicable Xxxxxx Mortgage Loan Seller has waived, in writing or with knowledge, any material default, breach, violation or event of acceleration under any of such documents.

  • The Operating Advisor Annual Report shall set forth the Operating Advisor’s assessment of the Special Servicer’s performance of its duties under this Agreement with respect to Specially Serviced Loans (or in the case of the 000 Xxxxx Xxxxxx Mortgage Loan, whether or not such loan is a Specially Serviced Loan) during the prior calendar year.

  • The related Mortgagor has represented in the related Mortgage Loan documents that, and to the actual knowledge of the Depositor and the Xxxxxx Mortgage Loan Seller, as of the date of origination of such Mortgage Loan, all material licenses, permits and authorizations then required for use of the related Mortgaged Property by such Mortgagor, the related lessee, franchisor or operator have been issued and were valid and in full force and effect.

  • To the knowledge of the Depositor and the Xxxxxx Mortgage Loan Seller, the related Mortgagor is a Person formed or incorporated in a jurisdiction within the United States.

  • No advance of funds has been made, directly or indirectly, by the originator, the Xxxxxx Mortgage Loan Seller or the Depositor to the related Mortgagor other than pursuant to the related Mortgage Note; and, to the actual knowledge of the Depositor and the Xxxxxx Mortgage Loan Seller, no funds have been received from any Person other than such Mortgagor for or on account of payments due on the related Mortgage Note.


More Definitions of Xxxxxx Mortgage Loan

Xxxxxx Mortgage Loan. Each Mortgage Loan originated by Xxxxxx and listed on the Mortgage Loan Schedule.
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Xxxxxx Mortgage Loan means an Eligible Subject Loan originated by the Company and initially funded under the Xxxxxx Facility.
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Related to Xxxxxx Mortgage Loan

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

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

  • Premium Mortgage Loan Any Group 1 Premium Mortgage Loan or Group 2 Premium Mortgage Loan.

  • ARD Mortgage Loan Any Mortgage Loan that is identified as having an Anticipated Repayment Date and a Revised Rate on the Mortgage Loan Schedule.

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

  • REO Mortgage Loan Any Mortgage Loan which is not a Liquidated Loan and as to which the indebtedness evidenced by the related Mortgage Note is discharged and the related Mortgaged Property is held as part of the Trust Estate.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • Group II Mortgage Loan A Mortgage Loan assigned to Loan Group II with a principal balance at origination that may or may not conform to Freddie Mac and Fannie Mae loxx xxxxts.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

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

  • Jumbo Mortgage Loan Unless defined otherwise in the Transactions Terms Letter, a first lien Mortgage Loan (i) for which the original loan amount is greater than the applicable conventional conforming loan limits set by the Federal Housing Finance Authority in the jurisdiction where the related Mortgaged Property is located and (ii) which meets the transaction requirements set forth on Schedule 1 of the Transactions Terms Letter.

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

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Class P Mortgage Loan Any of the Class I-P, Class II-P or Class III-P Mortgage Loans.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • MERS Mortgage Loan Any Mortgage Loan registered with MERS on the MERS System.

  • 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.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Original Mortgage Loan The mortgage loan refinanced in connection with the origination of a Refinancing Mortgage Loan.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • 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.

  • Residential mortgage loan means any loan primarily for

  • Balloon Mortgage Loan A Mortgage Loan that provides for the payment of the unamortized principal balance of such Mortgage Loan in a single payment at the maturity of such Mortgage Loan that is substantially greater than the preceding monthly payment.

  • Discount Mortgage Loan Any Mortgage Loan having a Net Mortgage Rate (or the initial Net Mortgage Rate) of less than the Discount Net Mortgage Rate per annum and any Mortgage Loan deemed to be a Discount Mortgage Loan pursuant to the definition of Qualified Substitute Mortgage Loan.

  • High Cost Mortgage Loan means a Mortgage Loan classified as (a) a “high cost” loan under the Home Ownership and Equity Protection Act of 1994 or (b) a “high cost,” “threshold,” “covered,” or “predatory” loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law, regulation or ordinance imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees).