Common use of Ability to Service Clause in Contracts

Ability to Service. The Servicer is an approved seller/servicer for FNMA and FHLMC in good standing and is a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Section 203 of the National Housing Act, with facilities, procedures and experienced personnel necessary for the servicing of mortgage loans of the same type as the Mortgage Loans. No event has occurred that would make the Servicer unable to comply with FNMA or FHLMC eligibility requirements or that would require notification to either FNMA or FHLMC;

Ability to Service. The Servicer is an approved seller/servicer for FNMA and FHLMC in good standing and is a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Section 203 of the National Housing Act, with facilities, procedures and experienced personnel necessary for the servicing of mortgage loans of the same type as the Mortgage Loans. No event has occurred that would make the Servicer unable to comply with FNMA or FHLMC eligibility requirements or that would require notification to either FNMA or FHLMC;.

Ability to Service. The Servicer is an approved ------------------ seller/servicer of conventional residential mortgage loans for FNMA and FHLMC in good standing and is a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Section 203 of the National Housing Actor FHLMC, with the facilities, procedures procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. No The Servicer is in good standing to service mortgage loans for either FNMA or FHLMC, and no event has occurred that occurred, including but not limited to a change in insurance coverage, which would make the Servicer unable to comply with either FNMA or FHLMC eligibility requirements or that which would require notification to either any of FNMA or FHLMC;

Ability to Service. The Servicer is an approved seller/servicer of conventional residential mortgage loans for FNMA and FHLMC in good standing and is a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Section 203 of the National Housing ActFHLMC, with the facilities, procedures procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Serviced Mortgage Loans. No event has occurred that would make The Servicer is in good standing to service mortgage loans for FHLMC. The Servicer is a member in good standing of the Servicer unable to comply with FNMA or FHLMC eligibility requirements or that would require notification to either FNMA or FHLMCMERS system, if applicable;

Ability to Service. The Servicer is an approved seller/servicer for FNMA and FHLMC in good standing and is a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Section 203 of the National Housing Act, with facilities, procedures and experienced personnel necessary for the servicing of mortgage loans of the same type as the Mortgage Loans. No event has occurred that would make the Servicer unable to comply with this Agreement, or FNMA or FHLMC eligibility requirements or that would require notification to either FNMA or FHLMC;

Ability to Service. The Servicer is an approved seller/servicer of conventional residential mortgage loans for FNMA and FHLMC in good standing and is a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Section 203 of the National Housing ActFHLMC, with the facilities, procedures procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. No The Servicer is in good standing to sell mortgage loans to and service mortgage loans for FNMA or FHLMC, and no event has occurred that occurred, including but not limited to a change in insurance coverage, which would make the Servicer unable to comply with FNMA or FHLMC eligibility requirements or that which would require notification to either FNMA or FHLMC;

Ability to Service. The Servicer is an approved seller/servicer for FNMA and FHLMC in good standing and is a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Section 203 of the National Housing Act, with facilities, procedures and experienced personnel necessary for the servicing of mortgage loans of the same type as the Mortgage Loans. No event has occurred that would make the Servicer unable to comply with FNMA or FHLMC eligibility requirements or that would require notification to either FNMA or FHLMC;