Common use of Approved Seller Clause in Contracts

Approved Seller. The Seller is an approved seller of residential mortgage loans for Xxxxxx Xxx or Xxxxxxx Mac and HUD. The Seller is duly qualified, licensed, registered and otherwise authorized under all applicable federal, state and local laws and regulations, meets the minimum capital requirements, if applicable, set forth by the Office of the Comptroller of the Currency, and is in good standing to sell mortgage loans to Xxxxxx Mae or Xxxxxxx Mac and no event has occurred which would make the Seller unable to comply with eligibility requirements or which would require notification to either Xxxxxx Mae or Xxxxxxx Mac; and

Approved Seller. The Seller is an approved seller of residential mortgage loans for Xxxxxx Xxx or Xxxxxxx Mac and HUD. The Seller is duly qualified, licensed, registered and otherwise authorized under all applicable federal, state and local laws and regulations, meets the minimum capital requirements, if applicable, set forth by the Office of the Comptroller of the Currency, and is in good standing to sell mortgage loans to Xxxxxx Mae or Xxxxxxx Mac and no event has occurred which would make the Seller unable to comply with eligibility requirements or which would require notification to either Xxxxxx Mae or Xxxxxxx Mac; and;

Approved Seller. The Seller is an approved seller of residential mortgage loans for Xxxxxx Xxx Fxxxxx Mxx or Xxxxxxx Fxxxxxx Mac and HUD. The Seller is duly qualified, licensed, registered and otherwise authorized under all applicable federal, state and local laws and regulations, meets the minimum capital requirements, if applicable, set forth by the Office of the Comptroller of the Currency, and is in good standing to sell mortgage loans to Xxxxxx Fxxxxx Mae or Xxxxxxx Fxxxxxx Mac and no event has occurred which would make the Seller unable to comply with eligibility requirements or which would require notification to either Xxxxxx Fxxxxx Mae or Xxxxxxx Fxxxxxx Mac; and;