Common use of CONVENTIONAL LOANS Clause in Contracts

CONVENTIONAL LOANS. A. Individual mortgage loan MI certificates are to be maintained in the custodial file held by the applicable Custodian. To the extent a copy of such MI certificate is maintained as part of the Servicing File, it will be provided. B. Provide copies of the notification to the PMI companies requesting a change of servicer to LLS. No MI coverage is to be cancelled by the Prior Servicer. C. Listing of all loans with PMI to include: 1. Loan number 2. PMI company 3. PMI certificate number 4. Next due date 5. Last amount paid 6. Indicate lender or borrower paid (a separate data file or report may be provided for loans with lender paid premiums. 7. Percentage of Coverage D. Homeowner Protection Act of 1998. 1. Loans originated after July 29, 1999: Provide copies of original disclosure notice produced at origination of loan. * 2. Loans originated prior to July 29, 1999: Provide the annual disclosure notices supplied to borrowers.* * These are to be provided to the extent available in the Servicing File. E. Listing of loans that have Pool Insurance. If loan has Pool Insurance supply name, address and phone number of mortgage insurance company. F. Listing of loans that have Pool Insurance and private mortgage insurance.

CONVENTIONAL LOANS. A. N. Individual mortgage loan MI certificates are to be maintained in the custodial file held by the applicable Custodian. To the extent a copy of such MI certificate is maintained as part of the Servicing File, it will be provided. B. O. Provide copies of the notification to the PMI companies requesting a change of servicer to LLS. No MI coverage is to be cancelled by the Prior Servicer. C. P. Listing of all loans with PMI to include: 1. Loan number 2. PMI company 3. PMI certificate number 4. Next due date 5. Last amount paid 6. Indicate lender or borrower paid (a separate data file or report may be provided for loans with lender paid premiums. 7. Percentage of Coverage D. Q. Homeowner Protection Act of 1998. 1. Loans originated after July 29, 1999: Provide copies of original disclosure notice produced at origination of loan. * 2. Loans originated prior to July 29, 1999: Provide the annual disclosure notices supplied to borrowers.* * These are to be provided to the extent available in the Servicing File. E. R. Listing of loans that have Pool Insurance. If loan has Pool Insurance supply name, address and phone number of mortgage insurance company. F. S. Listing of loans that have Pool Insurance and private mortgage insurance.

CONVENTIONAL LOANS. A. Individual mortgage loan MI certificates are to be maintained in the custodial file held by the applicable Custodian. To the extent a copy of such MI certificate is maintained as part of the Servicing File, it will be provided. B. Provide copies of the notification to the PMI companies requesting a change of servicer to LLS. No MI coverage is to be cancelled by the Prior Servicer. C. Listing of all loans with PMI to include: 1. Loan number 2. PMI company 3. PMI certificate number 4. Next due date 5. Last amount paid 6. Indicate lender or borrower paid (a separate data file or report may be provided for loans with lender paid premiums. 7. Percentage of Coverage D. Homeowner Protection Act of 1998. 1. Loans originated after July 29, 1999: Provide copies of original disclosure notice produced at origination of loan. * 2. Loans originated prior to July 29, 1999: Provide the annual disclosure notices supplied to borrowers.* * These are to be provided to the extent available in the Servicing File. E. Listing of loans that have Pool Insurance. If loan has Pool Insurance supply name, address and phone number of mortgage insurance company. F. Listing of loans that have Pool Insurance and private mortgage insurance.