Common use of Construction or Rehabilitation of Mortgaged Property Clause in Contracts

Construction or Rehabilitation of Mortgaged Property. No Purchased Mortgage Loan was made in connection with the construction or rehabilitation of a Mortgaged Property (other than a construction-to-permanent loan which has converted to a permanent Mortgage Loan and such construction has been completed pursuant to the terms of such Mortgage Loan) or facilitating the trade-in or exchange of a Mortgaged Property.

Appears in 4 contracts

Samples: Master Repurchase Agreement and Securities Contract (Radian Group Inc), Master Repurchase Agreement and Securities Contract (Radian Group Inc), Master Repurchase Agreement and Securities Contract (Radian Group Inc)

AutoNDA by SimpleDocs

Construction or Rehabilitation of Mortgaged Property. No Purchased For all Mortgage Loans other than specific mortgage products agreed upon by Buyer in writing, no Mortgage Loan was made in connection with the construction or rehabilitation of a Mortgaged Property (other than a construction-to-permanent loan which has converted to a permanent Mortgage Loan and such construction has been completed pursuant to the terms of such Mortgage Loan) or facilitating the trade-in or exchange of a Mortgaged Property.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Caliber Home Loans, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.)

AutoNDA by SimpleDocs

Construction or Rehabilitation of Mortgaged Property. No Purchased Mortgage Loan was made in connection with the construction or rehabilitation of a Mortgaged Property (other than a construction-to-permanent loan which has converted to a permanent Mortgage Loan and such construction has been completed pursuant to the terms of such Mortgage Loan) or facilitating the trade-in or exchange of a Mortgaged Property.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!