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SEC Filings

10-K
DITECH HOLDING CORP filed this Form 10-K on 04/16/2019
Entire Document
 


Advance Rates” means, on any date of determination with respect to each Receivable related to the Series 2019-VF1 Notes, the percentage amount based on the Advance Type of such Receivable, as set forth below, subject to amendment by mutual agreement of the Administrative Agent and the Administrator:
(i)     that in no event shall the Weighted Average Advance Rate for the Series 2019-VF1 Notes exceed 95%;
(ii)     that the Advance Rate for any Receivable related to the Series 2019-VF1 Notes shall be zero if such Receivable is not a Facility Eligible Receivable; and
(iii)    on any date of determination and subject to clause (ii) above, the Advance Rate applicable to each Corporate Advance Receivable and Escrow Advance Receivable shall be the product of (a) the applicable Advance Rate listed in the table below multiplied by (b) 100% minus the arithmetic average of the Deficient Documentation Percentages provided in each of the three most recent reports delivered pursuant to Section 3.3(d) of the Base Indenture.
If additional Series of Notes are issued in the future, they will have separate Advance Rates and Collateral Values, and the Collateral Test will be calculated including the Invested Amounts for such additional Notes.
Fannie Mae Advances:
 
Series 2019-VF1 Notes
 
Advance Type
 
Delinquency Advances
95.00%
Non-Judicial Escrow Advances
95.00%
Judicial Escrow Advances
95.00%
Non-Judicial Corporate Advances
95.00%
Judicial Corporate Advances
95.00%
Delinquent MBS Mortgage Repurchase Advances
95.00%

Advance Ratio” means, as of any date of determination with respect to any Designated Pool, the ratio (expressed as a percentage), calculated as of the last day of the calendar month immediately preceding the calendar month in which such date occurs, of (i) the related PSA Stressed Nonrecoverable Advance Amount on such date over (ii) the aggregate monthly scheduled principal and interest payments for the calendar month immediately preceding the calendar month in which such date occurs with respect to all non-delinquent Mortgage Loans in such Designated Pool, serviced pursuant to the related Designated Servicing Agreement.
Barclays” means, Barclays Bank PLC.
Barclays Note” means the Series 2019-1 VFN Note issued to Barclays hereunder.
Barclays Purchaser Group” has the meaning set forth in the Note Purchase Agreement.
Base Indenture” has the meaning assigned to such term in the Preamble.

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