Failure to Comply with Eligibility Standards. It is a breach of this Contract if the PFI, in the Bank’s opinion, fails at any time to meet the eligibility standards for originating, selling or servicing Mortgages set forth in this Contract, the Guides or, if issued, the MPF Program Requirements.
Appears in 5 contracts
Samples: Financial Institution Agreement, Financial Institution Agreement, Financial Institution Agreement
Failure to Comply with Eligibility Standards. It is a breach of this Contract if the PFIPFI fails at any time to meet the Bank’s standards for eligible Mortgage sellers or servicers so that, in the Bank’s opinion, fails at any time the PFI’s ability to meet the eligibility standards for originating, selling comply with this Contract or servicing Mortgages set forth in this Contract, the Guides or, if issued, the MPF Program Requirementsis adversely affected.
Appears in 2 contracts
Samples: Financial Institution Agreement (Federal Home Loan Bank of Chicago), Financial Institution Agreement (Federal Home Loan Bank of Chicago)
Failure to Comply with Eligibility Standards. It is a breach of this Contract if the PFI, in the Bank’s 's opinion, fails at any time to meet the eligibility standards for originating, selling or servicing Mortgages set forth in this Contract, the Guides or, if issued, the MPF Program Requirements.
Appears in 1 contract
Samples: Participating Financial Institution Agreement (Federal Home Loan Bank of New York)
