Original Value. The lesser of (a) the Appraised Value of a Mortgaged Property at the time the related Mortgage Loan was originated and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price paid for the Mortgaged Property by the Mortgagor at the time the related Mortgage Loan was originated.
Appears in 36 contracts
Sources: Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP), Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP), Trust Agreement (Structured Asset Investment Loan Trust 2004-6)
Original Value. The lesser of (a) the Appraised Value of a Mortgaged Property at the time the related Mortgage Loan was originated and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price paid for the Mortgaged Property by the Mortgagor at the time the related Mortgage Loan was originated. OTS: The Office of Thrift Supervision.
Appears in 2 contracts
Sources: Transfer and Servicing Agreement (Fieldstone Mortgage Investment Trust, Series 2006-2), Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP)
Original Value. The If the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the lesser of (a) the Appraised Value of a Mortgaged Property at the time the related Mortgage Loan was originated and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price paid for the Mortgaged Property by the Mortgagor at the time the related Mortgage Loan was originated. For all other Mortgage Loans, the Appraised Value of the related Mortgaged Property at the time the related Mortgage Loan was originated.
Appears in 1 contract
Sources: Trust Agreement (Fieldstone Mortgage Investment CORP)
Original Value. The lesser of (a) the Appraised Value of a Mortgaged Property at the time the related Mortgage Loan was originated and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price paid for the Mortgaged Property by the Mortgagor at the time the related Mortgage Loan was originated.. Originator: ▇▇▇▇▇▇, Bean & ▇▇▇▇▇▇▇▇ Mortgage Corp.
Appears in 1 contract
Sources: Trust Agreement (TBW 2006-3)
Original Value. The lesser of (a) the Appraised Value of a Mortgaged Property at the time the related Mortgage Loan was originated and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price paid for the Mortgaged Property by the Mortgagor at the time the related Mortgage Loan was originated. Originator: [ ] or [ ], each in the capacity of originator.
Appears in 1 contract
Sources: Sale and Servicing Agreement (Bond Securitization LLC)