Xxxxxx Xxx Mortgage Loan means a mortgage loan that is in Strict Compliance on the related Purchase Date with the eligibility requirements specified for the applicable Xxxxxx Mae Program described in the Xxxxxx Xxx Guide.
Xxxxxx Xxx Mortgage Loan. A Mortgage Loan underwritten in accordance with the guidelines of Xxxxxx Mae described in the Xxxxxx Xxx Guide.
Xxxxxx Xxx Mortgage Loan. A Mortgage Loan included in a Xxxxxx Mae Pool.
Examples of Xxxxxx Xxx Mortgage Loan in a sentence
What Xxxxxx Xxx Does Xxxxxx Xxx Stock Xxxxxx Xxx Loan Requirements Applying for a Xxxxxx Xxx Mortgage Loan Modifications Xxxxxx Xxx HomePath.
If a Mortgage Loan is a Xxxxxxx Mac Mortgage Loan, Seller hereby makes to Purchaser the representations and warranties contained in the applicable Xxxxxxx Mac Requirements with respect to such Xxxxxxx Mac Mortgage Loan; if a Mortgage Loan is a Xxxxxx Xxx Mortgage Loan, Seller hereby makes to Purchaser the representations and warranties contained in the applicable Xxxxxx Mae Requirements with respect to such Xxxxxx Xxx Mortgage Loan.
More Definitions of Xxxxxx Xxx Mortgage Loan
Xxxxxx Xxx Mortgage Loan. A Mortgage Loan identified as a “Xxxxxx Xxx Mortgage Loan” on the Asset Data Record.
Xxxxxx Xxx Mortgage Loan. A mortgage loan (fixed or ARM) (a) with respect to which Xxxxxx Xxx owns the beneficial interest therein, or (b) that serves as collateral for mortgage-backed securities on which the payment of principal and interest is guaranteed by Xxxxxx Xxx.
Xxxxxx Xxx Mortgage Loan means, with respect to any Xxxxxx Mae Participation Certificate or any Xxxxxx Xxx Security, a mortgage loan that is in Strict Compliance on the related Purchase Date with the eligibility requirements specified for the applicable Xxxxxx Mae Program in the applicable Xxxxxx Xxx Guide. “Xxxxxx Mae Participation Certificate” means, with respect to the Xxxxxx Xxx Program, a certificate, substantially in the form of Exhibit A, issued by Seller and authenticated by Custodian, evidencing the 100% undivided beneficial ownership interest in the Xxxxxx Mae Mortgage Loans set forth on the Form HUD 11706 (Schedule of Pooled Mortgages). “Xxxxxx Xxx Program” means the Xxxxxx Mae Mortgage-Backed Securities Programs, as described in the Xxxxxx Xxx Guide. “Xxxxxx Mae Security” means a modified pass-through mortgage-backed certificate guaranteed by Xxxxxx Xxx, evidenced by a book-entry account in a depository institution having book-entry accounts at the Federal Reserve Bank of New York and backed by a pool of Xxxxxx Mae Mortgage Loans, in substantially the principal amount and with substantially the other terms as specified with respect to such Xxxxxx Xxx Security in the related Takeout Commitment.1420 “Governmental Authority” means any nation or government, any state or other political subdivision, agency or instrumentality thereof, or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government and any court or arbitrator having jurisdiction over Seller. “High Cost Mortgage Loan” means a Mortgage Loan that is (a) subject to, covered by or in violation of the provisions of the Homeownership and Equity Protection Act of 1994, as amended, (b) a “high cost,” “covered,” “threshold,” “abusive,” “predatory” or “high risk” mortgage loan under any federal, state or local law, or any similarly classified loan using different terminology under any law imposing heightened regulation, scrutiny or additional legal liability 1420 The definition of “Xxxxxx Mae Security” was amended by Amendment No. 1, dated as of September 24, 2021.
Xxxxxx Xxx Mortgage Loan means the mortgage loans underlying Xxxxxx Xxx MSRs, which shall be identified as “Xxxxxx Xxx Mortgage Loans” on the applicable Schedule of Assets.
Xxxxxx Xxx Mortgage Loan means a mortgage loan that is in Strict Compliance on the related Purchase Date with the eligibility requirements specified for the applicable Xxxxxx Mae Program in the applicable Xxxxxx Xxx Guide, and such mortgage loan has not been purchased out of a Xxxxxx Mae Security.2025 “Xxxxxx Xxx Program” means the Xxxxxx Mae Mortgage-Backed Securities Programs, as described in the Xxxxxx Xxx Guide. 2025 The definition of “Xxxxxx Mae Mortgage Loan” was amended by Amendment No. 1, dated as of September 24, 2021.
Xxxxxx Xxx Mortgage Loan means a permanent loan on a Property originated under, and underwritten to Xxxxxx Mae’s permanent loan standards set forth in Xxxxxx Mae’s Delegated Underwriting and Servicing Guide.
Xxxxxx Xxx Mortgage Loan means any mortgage loan which is owned, securitized or serviced by Xxxxxx Mae.