Foreclosure Sale Trigger Resets. The Subservicer and Owner/Servicer shall mutually agree on a modification to the Foreclosure Sale Trigger in the event that one or more judicial rulings or state regulatory actions, decrees, interpretations or guidance occurs that impact more than [***] ([***]) of the total number of Subject Loans counted in the Subservicer’s active foreclosure inventory on the date of such occurrence.
Appears in 4 contracts
Samples: Subservicing Agreement (Ocwen Financial Corp), Subservicing Agreement (Ocwen Financial Corp), Subservicing Agreement (New Residential Investment Corp.)
Foreclosure Sale Trigger Resets. The Subservicer Seller and Owner/Servicer Holdings shall mutually agree on a modification to the Foreclosure Sale Trigger in the event that one or more judicial rulings or state regulatory actions, decrees, interpretations or guidance occurs that impact more than [***] percent ([***]%) of the total number of Subject Loans counted in the SubservicerSeller’s active foreclosure inventory on the date of such occurrence.
Appears in 2 contracts
Samples: New RMSR Agreement (Ocwen Financial Corp), New RMSR Agreement (New Residential Investment Corp.)
Foreclosure Sale Trigger Resets. The Subservicer and Owner/Servicer shall mutually agree on a modification to the Foreclosure Sale Trigger in the event that one or more judicial rulings or state regulatory actions, decrees, interpretations or guidance occurs that impact more than [***] percent ([***]%) of the total number of Subject Loans counted in the Subservicer’s active foreclosure inventory on the date of such occurrence.
Appears in 1 contract
Samples: Subservicing Agreement (New Residential Investment Corp.)
Foreclosure Sale Trigger Resets. The Subservicer and Owner/Servicer shall mutually agree on a modification to the Foreclosure Sale Trigger in the event that one or more judicial rulings or state regulatory actions, decrees, interpretations or guidance occurs that impact more than [*** percent (***] ([***]%) of the total number of Subject Loans counted in the Subservicer’s active foreclosure inventory on the date of such occurrence.
Appears in 1 contract
