Common use of FHA Buyout Loans Clause in Contracts

FHA Buyout Loans. With respect to each FHA Buyout Loan, (i) Seller shall deposit FHA claims payments on such FHA Buyout Loan into the Collection Account within two (2) Business Days of receipt and (ii) Seller shall service such FHA Buyout Loan in Strict Compliance with all FHA requirements.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Home Point Capital Inc.), Master Repurchase Agreement (Home Point Capital Inc.), Master Repurchase Agreement (Home Point Capital Inc.)

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FHA Buyout Loans. With respect to each FHA Buyout Loan, (i) Seller shall deposit FHA claims payments on such FHA Buyout Loan into the Collection Account within two (2) one Business Days Day of receipt and (ii) Seller shall service such FHA Buyout Loan in Strict Compliance strict compliance with all FHA requirements.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

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FHA Buyout Loans. With respect to each FHA Buyout Loan, (i) Seller shall deposit FHA claims payments on such FHA Buyout Loan into the Collection Account within two (2) one Business Days Day of receipt and (ii) Seller shall service such FHA Buyout Loan in Strict strict complianceStrict Compliance with all FHA requirements.requirements.63

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

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