Mortgage Asset
means the Related Security (together with the benefit of the underlying Mortgage Loan).
Mortgage Asset
means a Whole Loan, a Junior Interest, a Mezzanine Loan, a Bridge Loan, a Preferred Equity Interest, an Equity Asset or, as applicable, a Condominium Loan or Land Loan, in each case, the Underlying Mortgaged Property for which is included in the categories for Property Types of Mortgage Assets; provided, however, the portion of any Mortgage Asset to be pledged to the Administrative Agent shall not include any Retained Interest (if any).
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Mortgage Asset
means Indebtedness owed to the Company or a Subsidiary of the Company and secured by a mortgage or deed of trust on a fee interest or a leasehold interest in Real Property and all collateral security related thereto.
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Examples of Mortgage Asset in a sentence
SYSTEM NAME AND NUMBER: Single-Family Mortgage Asset Recovery Technology (SMART), HUD/HOU-58.SECURITY CLASSIFICATION: Unclassified SYSTEM LOCATION: Digital records are maintained at the Amazon Web Services (AWS) Simple Technology Solutions Inc, 1775 I Street NW, Suite 1150, Washington, DC 2006-2402.
With respect to a cross collateralized Mortgage Asset, if any (as set forth on the Loan Agreement or DOT), this characteristic was calculated as the weighted average quotient referred to in the previous sentence, for each related Mortgage Asset in such crossed loan group, weighted by the respective Cut-off Balance.
Seller hereby releases and agrees to hold harmless Buyer, Mortgage Asset Research Institute, Inc., all MIDEX subscribers, and any trade associations that endorse the MIDEX system from any and all liability for damages, losses, costs, and expenses that may arise from the reporting or use of any information submitted by Buyer or any other MIDEX subscriber to Mortgage Asset Research Institute, Inc., recorded in the MIDEX system, and used in any way by Buyer or any other MIDEX subscriber.
In 2005, Florida was ranked first or highest in the United States for loans that contained alleged fraud against the lenders according to the Mortgage Asset Research Institute Inc.
ACTION: Notice of a modified system ofrecords.SUMMARY: HUD Single Family Asset Management relies on the Single-Family Mortgage Asset Recovery Technology (SMART) System to provide various loan servicing functions including generating payoffs and processing payments for HUD FHA Insured Title II Secretary held loans.
More Definitions of Mortgage Asset
Mortgage Asset
means (A) a domestic residential mortgage loan, Construction Loan or Cooperative Loan (i) that has a Mortgage File, and (ii) that is a first or more junior lien on residential property evidenced by a Mortgage Note, which is secured by a Mortgage, (B) a domestic Land Financing that has a Mortgage File or (C) any other asset as agreed upon by the Sellers, the Custodian and the Financing Party.
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Mortgage Asset.
Any Whole Loan, Junior Interest, Mezzanine Loan, Preferred Equity, CMBS, RMBS, Non-Controlling Interest, Pass-Through Interest, Distressed Debt, REO Property Loan or Transitional Asset (i) the Underlying Mortgaged Property for which is included in the categories for Types of Mortgaged Property, and (ii) which the Seller has delivered to the Agent, on behalf of the Buyers, or its designee (including the Custodian) in connection with any Transaction hereunder. In no event shall “Mortgage Asset” include any equity class issued by a CDO or CLO vehicle.
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Mortgage Asset
means a Whole Loan, a Junior Interest, a Mezzanine Loan, a Bridge Loan, a CMBS Security, a CTL Loan, a Subordinate CTL Loan, Senior Secured Bank Debt or a Preferred Equity Interest, (i) the Underlying Mortgaged Property for which is included in the categories for Property Types of Mortgage Assets; provided, however, the portion of any Mortgage Asset to be pledged to the Administrative Agent shall not include any Retained Interest (if any) (unless approved by the Administrative Agent in its discretion).
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Mortgage Asset
means a Home Equity Mortgage Asset, a High LTV Asset, an FHA Asset or a SM/MU Asset, including without limitation all Previously Pledged Mortgage Assets which the Custodian has been instructed to hold for the Lender pursuant to the applicable Custodial Agreement, and which Mortgage Asset includes, without limitation, (i) a Mortgage Note and related
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Mortgage Asset.
An Assignment of a Whole Loan, a Junior Interest or a Mezzanine Loan (i) the Underlying Mortgaged Property for which is included in the categories for Types of Mortgage Assets, and (ii) that is listed on a Confirmation and the Custodian has been instructed to hold for the Purchaser pursuant to the Custodial Agreement. Mortgage Assets shall not include any Retained Interest (if any).
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Mortgage Asset.
Any Whole Loan, Junior Interest, Mezzanine Loan, Mezzanine Participation Interest, Bridge Loan, Construction Loan, CMBS or Preferred Equity (i) the Underlying Mortgaged Property for which is included in the categories for Types of Mortgaged Property, and (ii) that Seller has delivered to Buyer or its designee (including the Custodian) in connection with any Transaction hereunder. In no event shall “Mortgage Asset” include any REO Property, distressed debt or any equity class issued by a CDO Vehicle or a CLO Vehicle.
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Mortgage Asset.
A Whole Loan, a Junior Interest, a Mezzanine Loan, a Bridge Loan, a CMBS Security, a CTL Loan, a Subordinate CTL Loan, Senior Secured Bank Debt or a Preferred Equity Interest, (i) the Underlying Mortgaged Property for which is included in the categories for Types of Mortgage Assets, (ii) that is listed on a Confirmation and (iii) for which the Custodian has been instructed by a Seller to hold the related Mortgage Asset File for the Buyer pursuant to the Custodial Agreement; provided, however, Mortgage Assets shall not include any Retained Interest (if any) (unless approved by the Buyer in its discretion).”
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