Correspondent Agreements Sample Clauses

Correspondent Agreements. (1) Schedule 4.23(c)(1) sets forth a true, complete and accurate list of all Correspondent Agreements. The Borrower has delivered or otherwise made available to the Lenders true and complete copies of each Correspondent Agreement. Each Correspondent Agreement is in full force and effect. (2) Except for Mortgage Loans repurchased by the Borrower pursuant to a Correspondent Agreement due to a breach of a representation and warranty set forth therein, to the knowledge of the Borrower, each of the representations and warranties of the Borrower or any Subsidiary of the Borrower set forth in each Correspondent Agreement is true and correct in all material respects with respect to each Mortgage Loan sold pursuant to such Correspondent Agreement. (3) Except as set forth on Schedule 4.23(c)(3), all Mortgage Loans sold by the Borrower or any Subsidiary of the Borrower to an Investor are sold on a servicing released-basis, and, after the closing of such sale, neither the Borrower nor any Subsidiary of the Borrower retains any rights or obligations to service such Mortgage Loans. Except as set forth on Schedule 4.23(c)(3) and subject to interim servicing under a Mortgage Servicing Agreement, prior to such sale to an Investor, the Borrower or a Subsidiary of the Borrower has all rights and obligations to service such Mortgage Loans.