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SEC Filings

10-K
DITECH HOLDING CORP filed this Form 10-K on 04/16/2019
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guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the date hereof.
RMS Repurchase Agreement” means that certain Amended and Restated Master Repurchase Agreement, dated as of the Effective Date, among Barclays and Nomura Corporate Funding Americas, LLC, each as a purchaser, Reverse Mortgage Solutions, Inc., as seller, and RMS REO BRC II, LLC, as the REO subsidiary, as amended, restated, supplemented or otherwise modified from time to time.
Seller’s Interest” means, at any time, a “seller’s interest” as defined in, and calculated in accordance with, Regulation RR.
Seller’s Interest Measurement Date” means each Payment Date (commencing with the Payment Date in March 2019), in any case, after giving effect to all payments and fundings described in the reports delivered in respect of the related Cost of Funds Rate Determination Date. The Seller’s Interest Measurement Date shall be deemed to be the monthly seller’s interest measurement date for purposes of Section 5(c)(4)(i) of Regulation RR.
Series 2019-VF1 Note Balance” means the aggregate Note Balance of the Series 2019-VF1 Notes.
Series Required Noteholders” means, for so long as the Series 2019-VF1 Variable Funding Notes are Outstanding, the Initial VFN Noteholder, and thereafter clause (a) of the definition of the “Series Required Noteholders” in the Base Indenture shall apply.
Series Reserve Required Amount” means, as of any Payment Date, an amount equal to on any Payment Date or any Interim Payment Date four (4) months’ interest calculated at the applicable Note Interest Rate on the Note Balance of the Series 2019-VF1 Notes as of such Payment Date or Interim Payment Date, as the case may be.
Stated Maturity Date” means, for the Series 2019-VF1 Variable Funding Notes, thirty (30) years (or the next Business Day if such date is not a Business Day) following the end of the related Revolving Period.
Stressed Interest Rate” means, for the Series 2019-VF1 Notes as of any date the sum of (i) the sum of (x) the per annum index on the basis of which such Notes’ interest rate is determined for the current Interest Accrual Period, and (y) such Notes’ Constant and (z) the product of (I) such Notes’ Coefficient and (II) Stressed Time, plus (ii) the Margin.
Stressed Time” means, as of any date of determination for the Series 2019-VF1 Notes, the percentage equivalent of a fraction, the numerator of which is one (1), and the denominator of which equals the related Stressed Time Percentage for such Notes multiplied by the Monthly Reimbursement Rate on such date.
Stressed Time Percentage” means 82.54%.
Target Amortization Amounts” means, for the Series 2019-VF1 Notes, (i) if the Series 2019-VF1 Notes is the only Series of Notes Outstanding when a Target Amortization Event occurs for the Series 2019-VF1 Notes, 100% of the Note Balance of such Notes at the close of business on the last day of its Revolving Period, payable on the first Payment Date following the occurrence of such Target Amortization Event, and (ii) if other Series of Notes are Outstanding when a Target Amortization Event occurs with respect to the Series 2019-VF1 Notes, an amount equal to 1/3 of the Outstanding VFN Principal Balance of such Notes at the close of business on the last day of its Revolving Period, payable on each of the first three Payment Dates

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