Borrower's Partial Payment. Except where otherwise required by applicable law, the Servicer may not accept an amount in payment from a Borrower which is less than the amount required for full reinstatement pursuant to Section 13.5.1 hereof toward reinstatement of a Mortgage Loan during the foreclosure process without the prior written approval from, if applicable, the respective Primary Mortgage Insurer and/or the respective Pool Insurer.
Appears in 49 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-8 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-12 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar17 Trust)
Borrower's Partial Payment. Except where otherwise required by applicable law, the Servicer may not accept an amount in payment from a Borrower which is less than the amount required for full reinstatement pursuant to Section 13.5.1 hereof toward reinstatement of a Mortgage Loan during the foreclosure process without the prior written approval fromfrom the Master Servicer and, if where applicable, the respective Primary Mortgage Insurer and/or the respective Pool Insurer.
Appears in 25 contracts
Samples: Servicing Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-2 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-5 Trust)
Borrower's Partial Payment. Except where otherwise required by applicable law, the Servicer may not accept an amount in payment from a Borrower which is less than the amount required for full reinstatement pursuant to Section 13.5.1 hereof toward reinstatement of a Mortgage Loan during the foreclosure process without the prior written approval from, if applicable, the respective Primary Mortgage Insurer and/or the respective Pool Insurerunless consistent with any applicable mortgage insurer guidelines.
Appears in 3 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2008-Ar2 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2008-Ar1 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2008 -1 Trust)