Common use of Custodial Fund Interest and Reporting Clause in Contracts

Custodial Fund Interest and Reporting. The Seller shall reimburse the Purchaser for any interest on Custodial Funds accrued through the applicable Servicing Transfer Date to the extent interest with respect to Custodial Funds is required to be paid under Applicable Requirements for the benefit of Mortgagors under the Mortgage Loans.

Appears in 3 contracts

Samples: Agreement for the Bulk Purchase and Sale of Mortgage Servicing Rights (Home Point Capital Inc.), Agreement for the Bulk Purchase and Sale of Mortgage Servicing Rights (Mr. Cooper Group Inc.), Agreement for the Bulk Purchase and Sale of Mortgage Servicing Rights (HomeStreet, Inc.)

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Custodial Fund Interest and Reporting. The Seller shall reimburse the Purchaser for any interest Escrow Interest on Custodial Funds accrued through up to the applicable Servicing Transfer Date to the extent interest with respect to Custodial Funds is required to be paid under Applicable Requirements for the benefit of Mortgagors under the Mortgage Loans.

Appears in 1 contract

Samples: Agreement for the Bulk Purchase and Sale of Mortgage Servicing Rights (First Savings Financial Group, Inc.)

Custodial Fund Interest and Reporting. The Seller shall reimburse the Purchaser for any pay interest on Custodial Funds accrued through the applicable Servicing Transfer Date to the extent interest with respect to Custodial Funds is required to be paid under the Applicable Requirements for the benefit of Mortgagors under the Mortgage Loans.

Appears in 1 contract

Samples: Bulk Agreement for the Purchase and Sale of Mortgage Servicing Rights (HomeStreet, Inc.)

Custodial Fund Interest and Reporting. The Seller shall reimburse the Purchaser for any pay interest on Custodial Funds accrued through the applicable Servicing Transfer Sale Date to the extent interest with respect to Custodial Funds is required to be paid under the Applicable Requirements for the benefit of Mortgagors under the Mortgage Loans.

Appears in 1 contract

Samples: Purchase and Sale Agreement (PHH Corp)

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Custodial Fund Interest and Reporting. The Seller shall reimburse the Purchaser for any interest on Custodial Funds accrued through the applicable Servicing Transfer Date to the extent interest with respect to Custodial Funds is required to be paid under Applicable Requirements for the benefit of Mortgagors under the Mortgage Loans, unless such interest is applied to the Custodial Funds prior to transfer.

Appears in 1 contract

Samples: Bulk Purchase and Sale of Mortgage Servicing Rights (Mr. Cooper Group Inc.)

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