Common use of Down Payment Clause in Contracts

Down Payment. Except as permitted by the Underwriting Guidelines, the source of the down payment with respect to each Mortgage Loan has been fully verified by the Seller;

Appears in 6 contracts

Samples: Master Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-3xs), Master Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-6xs), Master Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2006-12xs)

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Down Payment. Except as permitted by the Underwriting Guidelines, the The source of the down payment with respect to each such Mortgage Loan has been fully verified by Seller to the Seller;extent required by Agency Guidelines.

Appears in 3 contracts

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

Down Payment. Except as permitted by the Underwriting Guidelines, the The source of the down payment payment, if any, with respect to each Mortgage Loan has been fully verified by such Seller as and if required pursuant to the Seller;Underwriting Guidelines.

Appears in 1 contract

Samples: Master Repurchase Agreement (Aames Investment Corp)

Down Payment. Except as permitted by the Underwriting Guidelines, the The source of the down payment with respect to each Mortgage Loan has been fully verified by Seller as required by the Seller;Agencies and Underwriting Guidelines.

Appears in 1 contract

Samples: Master Repurchase Agreement (AmeriHome, Inc.)

Down Payment. Except as permitted by the Underwriting Guidelines, the The source of the down payment with respect to each Mortgage Loan has been fully verified by the Seller;in accordance with applicable Underwriting Guidelines.

Appears in 1 contract

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

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Down Payment. Except as permitted by the Underwriting Guidelines, the The source of the down payment payment, if any, with respect to each Mortgage Loan has been fully verified by the SellerOriginator as and if required pursuant to the Underwriting Guidelines;

Appears in 1 contract

Samples: Master Bulk Sale and Servicing Agreement (Banc of America Funding Corp)

Down Payment. Except as permitted by the Underwriting Guidelines, the The source of the down payment payment, if any, with respect to each Mortgage Loan has been fully verified by the SellerOriginator if required pursuant to the Underwriting Guidelines;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Am1)

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