Common use of CHANGES TO THE UNDERWRITING POLICIES AND THE LENDING CRITERIA Clause in Contracts

CHANGES TO THE UNDERWRITING POLICIES AND THE LENDING CRITERIA. 15.1 The Seller's underwriting policies and lending criteria are subject to change within the Seller's sole discretion. New Loans and further advances that are originated under lending criteria that are different from the criteria set out here may be sold and assigned to the Mortgages Trustee. The score is used in conjunction with a number of policy rules to determine the lending decision.

Appears in 7 contracts

Samples: Mortgage Sale Agreement, Mortgage Sale Agreement, Mortgage Sale Agreement

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CHANGES TO THE UNDERWRITING POLICIES AND THE LENDING CRITERIA. 15.1 16.1 The Seller's underwriting policies and lending criteria are subject to change within the Seller's sole discretion. New Loans and further advances that are originated under lending criteria that are different from the criteria set out here may be sold and assigned to the Mortgages Trustee. The score is used in conjunction with a number of policy rules to determine the lending decision.

Appears in 2 contracts

Samples: Mortgage Sale Agreement, Mortgage Sale Agreement

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