Model clauses MS-4(A), MS-4(B), and MS-4(C), in appendix MS-4 to this part may be used to comply with the requirements of this paragraph (b). (c) Borrowers in bankruptcy—(1) Partial exemption. While any borrower on a mortgage loan is a debtor in bankruptcy under title 11...
The Order will be posted under the Court Order tab in due course. Earlier this week, on June 6, the Receiver assigned MMAC into bankruptcy. A creditor mailing will be released to all stakeholders (investors, employees and trade creditors) on Monday, June 12, via email or Canada Post. A...
(iv) the date on which the first monthly payment was due on the related Mortgage Loan; (v) the term of the related Prepayment Charge; (vi) the original principal balance of the related Mortgage Loan; and (vii) the principal balance of the related Mortgage Loan as of the Cut-off Date....
No escrow deposits or escrow advances or other charges or payments due the Master Servicer have been capitalized under any Mortgage or the related Mortgage Note. (yy) With respect to the conveyance of the Mortgage Loans by the Sponsor to the Seller, the Sponsor used no selection procedures ...
Hold on a second.A tax credit is a much different thing than a tax loss. By creating a credit the holder of the bad mortgage paper never feels any pain. The credit creates an asset that is equal to the loss. As future tax liabilities come due the credits are used to offset dollar ...
• Your spouse has a lot of debt, which could limit the amount of loan (due to higher debt-to-income ratio) • You have enough income by yourself (without spouse’s income) to qualify for loan • Your spouse doesn’t have documented work history (i.e., two years of W-2’s)...
and including also all interest of any owner of the Premises in any of such items hereafter at any time acquired under conditional sale contract, chattel mortgage or other title retaining or security instrument, all of which property mentioned in this clause (a) shall be deemed part of the re...
Mortgage Estate as defined in the Granting Clause hereof. Sample 1Sample 2Sample 3 Based on 8 documents SaveCopy Mortgage Estate means the “Mortgage Estate” as defined in the Granting Clause of the Mortgage. * Indicates that certain information contained herein has been omitted and filed separate...
(C) at the time the Company or any person acting on its behalf (within the meaning, for this clause only, of Rule 163(c) of the Securities Act Regulations) made any offer relating to the Bonds in reliance on the exemption of Rule 163 of the Securities Act Regulations (“Rule 163”)...
due after the Cut-off Date but received by the Seller on or before the Cut-off Date and Principal Prepayments received or applied on the Cut-off Date, but not including payments of principal and interest due on the Mortgage Loans on or before the Cut-off Date), together with all of ...