Acquisition of Mortgage Loans. The Mortgage Loans were acquired by the Borrower, and the collection practices used by the Servicer with respect to the Mortgage Loans have been, in all material respects, legal, proper, reasonable and customary in the residential sub-prime mortgage loan servicing business. Each of the Mortgage Loans complies with the representations and warranties listed on Schedule 1 hereto.
Appears in 2 contracts
Samples: Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp)
Acquisition of Mortgage Loans. The Mortgage Loans were acquired by the BorrowerSeller, and the collection practices used by the Servicer with respect to the Mortgage Loans have been, in all material respects, legal, proper, reasonable and customary in the residential sub-prime mortgage loan servicing business. Each of the Mortgage Loans complies with the representations and warranties listed on Schedule 1 hereto.
Appears in 1 contract
Samples: Master Repurchase Agreement (New Century Financial Corp)
Acquisition of Mortgage Loans. The Mortgage Loans were acquired by the Borrower, and the collection practices used by the Servicer Borrower with respect to the Mortgage Loans have been, in all material respects, legal, proper, reasonable and customary in the residential sub-prime mortgage loan servicing business. Each of the Mortgage Loans complies with the representations and warranties listed on Schedule 1 hereto.
Appears in 1 contract
Samples: Master Loan and Security Agreement (New Century Financial Corp)
