Common use of Foreclosure Time Lines Clause in Contracts

Foreclosure Time Lines. 1. For Mortgage Loans in foreclosure, the Servicer will meet or improve upon the foreclosure timeline measured in the aggregate on a rolling three month weighted average basis, by loan count across all states. The Servicer will use the more stringent of the Xxxxxx Xxx or Xxxxxxx Mac foreclosure time lines as may be amended from time to time, in each state, based on the standard with the shortest time lines. Servicer will not be penalized with a reduction in fees for unavoidable delays including bankruptcy filing, missing assignments and necessary collateral documents, contested actions, service of process delays, sheriff sale scheduling delays, court delays in entering judgment or scheduling hearing, and other circumstances agreed to by Owner, provided that Servicer has documented its system accordingly.

Foreclosure Time Lines. 1. For Mortgage Loans in foreclosure, the Servicer will meet or improve upon the foreclosure timeline measured in the aggregate on a rolling three month weighted average basis, by loan count across all states. The Servicer will use the more stringent of the Xxxxxx Xxx or Xxxxxxx Freddie Mac foreclosure time lines as may be amended from time to time, in each state, based on the standard with the shortest time lines. Servicer will not be penalized with a reduction in fees for unavoidable delays including bankruptcy filing, missing assignments and necessary collateral documents, contested actions, service of process delays, sheriff sale scheduling delays, court delays in entering judgment or scheduling hearing, and other circumstances agreed to by Owner, provided that Servicer has documented its system accordingly.

Foreclosure Time Lines. 1. For Mortgage Loans in foreclosure, the Servicer will meet or improve upon the foreclosure timeline measured in the aggregate on a rolling three month weighted average basis, by loan count across all states. The Servicer will use the more stringent of the Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac foreclosure fxxxxxxxure time lines as may be amended from time to time, in each state, based on the standard with the shortest time lines. Servicer will not be penalized with a reduction in fees for unavoidable delays including bankruptcy filing, missing assignments and necessary collateral documents, contested actions, service of process delays, sheriff sale scheduling delays, court delays in entering judgment or scheduling hearing, and other circumstances agreed to by Owner, provided that Servicer has documented its system accordingly.

Foreclosure Time Lines. 1. For Mortgage Loans in foreclosure, the Servicer Service Provider will meet or improve upon the foreclosure timeline measured in the aggregate on a rolling three month weighted average basis, by loan count across all states. The Servicer Service Provider will use the more stringent of the Xxxxxx Xxx or Xxxxxxx Mac foreclosure time lines as may be amended from time to time, in each state, based on the standard with the shortest time lines. Servicer Service Provider will not be penalized with a reduction in fees for unavoidable delays including bankruptcy filing, missing assignments and necessary collateral documents, contested actions, service of process delays, sheriff sale scheduling delays, court delays in entering judgment or scheduling hearing, and other circumstances agreed to by Owner, provided that Servicer Service Provider has documented its system accordingly.

Foreclosure Time Lines. 1. For Mortgage Loans in foreclosure, the Servicer will meet or improve upon the foreclosure timeline measured in the aggregate on a rolling three month weighted average basis, by loan count across all states. The Servicer will use the more stringent of the Xxxxxx Fannie Mae or Freddie Xxx or Xxxxxxx Mac foreclosure xxrxxxosurx time lines as may be amended from time to time, in each state, based on the standard with the shortest time lines. Servicer will not be penalized with a reduction in fees for unavoidable delays including bankruptcy filing, missing assignments and necessary collateral documents, contested actions, service of process delays, sheriff sale scheduling delays, court delays in entering judgment or scheduling hearing, and other circumstances agreed to by Owner, provided that Servicer has documented its system accordingly.

Foreclosure Time Lines. 1. For Mortgage Loans in foreclosure, the Servicer will meet or improve upon the foreclosure timeline measured in the aggregate on a rolling three month weighted average basis, by loan count across all states. The Servicer will use the more stringent of the Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac foreclosure foxxxxxxuxx time lines as may be amended from time to time, in each state, based on the standard with the shortest time lines. Servicer will not be penalized with a reduction in fees for unavoidable delays including bankruptcy filing, missing assignments and necessary collateral documents, contested actions, service of process delays, sheriff sale scheduling delays, court delays in entering judgment or scheduling hearing, and other circumstances agreed to by Owner, provided that Servicer has documented its system accordingly.