Print Page  Close Window

SEC Filings

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


cap or collar agreement or Take-out Commitment, or similar arrangement providing for protection against fluctuations in interest rates or the exchange of nominal interest obligations, either generally or under specific contingencies, entered into by Seller and an Affiliate of Administrative Agent or such other party acceptable to Administrative Agent in its good faith discretion, which agreement is acceptable to Administrative Agent in its good faith discretion.
Lender Insurance Authority” means the permission granted to certain FHA-approved lenders to process single family mortgage applications without first submitting documentation to HUD as set forth in 12 U.S.C. §1715z-21 and the regulations enacted thereunder set forth in 24 CFR §203.6.
Lien” means any mortgage, lien, pledge, charge, security interest or similar encumbrance.
Loan to Value Ratio” or “LTV” means with respect to any Mortgage Loan, the ratio of the original outstanding principal amount of such Mortgage Loan to the lesser of (a) the Appraised Value of the Mortgaged Property at origination or (b) if the Mortgaged Property was purchased within twelve (12) months of the origination of such Mortgage Loan, the purchase price of the Mortgaged Property.
Manufactured Home Loan” means a Mortgage Loan secured by a prefabricated or manufactured home which is considered and treated as “real estate” under applicable law.
Margin Call” has the meaning specified in Section 6.a) hereof.
Margin Deadline” has the meaning specified in Section 6.b) hereof.
Margin Deficit” has the meaning specified in Section 6.a) hereof.
Market Value” has the meaning assigned to such term in the Pricing Side Letter.
Master Fee Letter” means that certain Master DIP Fee Letter, dated as of the date hereof, among Administrative Agent, Buyers, Seller, Reverse Mortgage Solutions, Inc., and acknowledged by Guarantor, as amended, restated and supplemented from time to time.
Material Adverse Effect” means (a) a material adverse change in, or a material adverse effect upon, the operations, business, properties, or condition (financial or otherwise) of Seller, Guarantor, or any Affiliate that is a party to any Program Agreement taken as a whole; (b) a material impairment of the ability of Seller, Guarantor or any Affiliate that is a party to any Program Agreement to perform under any Program Agreement and to avoid any Event of Default; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability of any Program Agreement against Seller, Guarantor or any Affiliate that is a party to any Program Agreement, in each case as determined by the Administrative Agent in its sole discretion.
Maximum Committed Purchase Price” has the meaning assigned to such term in the Pricing Side Letter.

- 13 -