Common use of Agency Approval Clause in Contracts

Agency Approval. The Company has been approved by GNMA, FNMA and FHLMC and will remain approved as an "eligible seller/servicer" of residential mortgage loans as provided in GNMA, FNMA, or FHLMC guidelines and in good standing. The Company has not received any notification from GNMA, FNMA or FHLMC that the Company is not in compliance with the requirements of the approved "seller/servicer" status. The Company is a mortgagee approved by the Secretary of HUD pursuant to Section 203 and 211 of the National Housing Act. The Company has not received any notification from HUD that the Company is not in compliance with the requirements of the approved mortgagee status.

Appears in 4 contracts

Samples: Portfolio Servicing Agreement (Merrill Lynch Mortgage Investors Inc), Portfolio Servicing Agreement (Merrill Lynch Mortgage Investors Inc), Portfolio Servicing Agreement (Merrill Lynch Mortgage Investors Inc)

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Agency Approval. The Company has been approved by GNMA, FNMA and FHLMC and will remain approved as an "eligible seller/servicer" of residential mortgage loans as provided in GNMA, FNMA, or FHLMC guidelines and in good standing. The Company has not received any notification from GNMA, FNMA or FHLMC that the Company is not in compliance with the requirements of the approved "seller/servicer" status. The Company is a mortgagee approved by the Secretary of HUD pursuant to Section 203 and 211 of the National Housing Act. The Company has not received any notification from HUD that the Company is not in compliance with the requirements of the approved mortgagee status.

Appears in 1 contract

Samples: Portfolio Servicing Agreement (PHH Corp)

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