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2. This new prospectus supplement discussed the mortgage-to-really worth ratio, otherwise LTV, just like the "ratio of your prominent equilibrium of such mortgage loan from the time of commitment to help you (a) when it comes to a buy, the new less of deals price of new mortgaged possessions and you can their appraised well worth in the course of selling or (b) in the example of an excellent refinancing otherwise amendment, the latest appraised value of the new mortgaged property in the course of the refinancing or modification." [Back]
3. The fresh new prospectus complement defined the brand new joint mortgage-to-well worth ratio, otherwise CLTV, just like the "new ratio of your own dominating balance of your own next-lien mortgage, together with the an excellent balance of your relevant basic-lien mortgage loan, within day off dedication to (a) regarding a buy, the new decreased of one's income price of the fresh new mortgaged property and you may their appraised worth during the time of income or (b) in the case of a beneficial refinancing otherwise amendment, new appraised value of the fresh new mortgaged property during brand new refinancing or amendment." [Back]