Compliance with Subprime Statement Sample Clauses

Compliance with Subprime Statement. No Purchased Loan that is an adjustable rate Mortgage Loan and that has a residential loan application date on or after September 13, 2007, is subject to the Interagency Statement on Subprime Mortgage Lending, 72 FR 37569 (July 10, 2007) as defined by ▇▇▇▇▇▇ Mae in the Lender Letter 03-07 (August 15, 2007) or by ▇▇▇▇▇▇▇ Mac in ▇▇▇▇▇▇▇ Mac Single Family Advisory (September 7, 2007) and ▇▇▇▇▇▇▇ Mac Bulletin 2007-4);