Mae Mortgage Loans definition

Mae Mortgage Loans. With respect to each Mortgage Loan which the Xxxxxr indicates is a Fannie Mae eligible mortgage loan, the representations set forth on Exhxxxx X xxx true and correct.

Examples of Mae Mortgage Loans in a sentence

• Hula Mae Mortgage Loans must be secured by the property to be purchased.

• On each transfer date, as reflected in a purchase advice in such form as mutually agreed upon by the parties (each, a “Purchase Advice”), Transferor hereby conveys to Transferee all right, title and interest, including, without limitation, all collateral and credit files and documents, all accounts and funds, and the related mortgage servicing rights, in and to the Xxxxxx Mae Mortgage Loan(s) identified in such Purchase Advice.

• Subject to the foregoing, the Administrative Agent (on behalf of the Secured Parties) and each Credit Party expressly acknowledge and agree that notwithstanding anything contained herein, with regard to the mortgage servicing rights and mortgage servicing income for all Xxxxxx Mae Mortgage Loans, the following provisions shall apply and all other provisions contained herein shall be subject to and subordinate to these.

• This specific paragraph shall not prohibit the Purchaser from responding to inquiries and requests for information from its Regulators and the Purchaser shall not be required to notify Fannie Mae of any such inquiry or request unless, provided such notification is not prohibited by such Regulator, such inquiry or request targets the Fannie Mae Mortgage Loans, the Original Seller’s Servicer or any Original Seller Block Persons.

• Given such manual inspections, this technique works best when the desired behavior can be expressed concisely and there exists a constructive technique for mapping (abstracting) the implementation to this concise behavioral description.

• The Fannie Mae Mortgage Loans, which are subject to a Fannie Mae Pool, are set forth on Exhibit A to the applicable Consent.

• In addition, in the case of Fannie Mae Mortgage Loans, the occurrence of a Consent Withdrawal Date in respect of such Fannie Mae Mortgage Loans.

• The Borrower and each of the Guarantors, respectively, are the lawful owner of their respective Collateral and are and will be the lawful owner of the Collateral, free and clear of all liens and encumbrances of any nature whatsoever, other than liens in favor of Xxxxxx Xxx in connection with Xxxxxx Mae Mortgage Loans, provided such liens relate to the subject Mortgage Loan.

• The Purchaser shall cause the Successor Servicer to notify Fannie Mae and the Seller if a claim is made upon an Original Seller Block Person by a third party with respect to this Agreement or the Fannie Mae Mortgage Loans (a “ Third Party Claim”).

• If a Document Custodian that does not currently hold Fannie Mae Mortgage Loans desires to certify and/or hold Mortgage Loans for Fannie Mae, the Document Custodian must comply with the application and approval process described above and must be approved by Fannie Mae before it certifies and/or holds new Mortgage Loans.