Changes in Origination and Underwriting Criteria. The Seller shall inform each rating agency rating any outstanding Commercial Paper of any material changes (as determined by the Seller) in its origination and underwriting practices and guidelines with respect to the Mortgage Loans.
Appears in 2 contracts
Samples: Repurchase and Servicing Agreement (PHH Corp), Repurchase and Servicing Agreement (PHH Corp)
Changes in Origination and Underwriting Criteria. The Seller shall inform each rating agency rating any outstanding Commercial Paper Paper, any outstanding Notes or any outstanding Certificates of any material changes (as determined by the Seller) in its origination and underwriting practices and guidelines with respect to the Mortgage Loans.
Appears in 2 contracts
Samples: Mortgage Loan Purchase and Servicing Agreement (PHH Corp), Administration Agreement (PHH Corp)
