Common use of Buydowns Clause in Contracts

Buydowns. o Seller shall provide Purchaser a listing in loan number order of all buydown accounts included in the Transfer . o Seller is to provide a copy of each buydown schedule for each mortgage loan. o All buydown balances must be fully funded and, at the time of transfer, the balance must be equal to the calculated balance of the buydown subsidy as detailed in each buydown schedule.

Buydowns. o Seller shall provide Purchaser a listing in loan number order of all buydown accounts included in the Transfer . o · Seller is to provide a copy of each buydown schedule for each mortgage loan. o · All buydown balances must be fully funded and, at the time of transfer, the balance must be equal to the calculated balance of the buydown subsidy as detailed in each buydown schedule.