Common use of Foreclosure Time Lines Clause in Contracts

Foreclosure Time Lines. 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 ▇▇▇▇▇▇ ▇▇▇ or 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. 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 Fannie Mae or Freddie Mac f▇▇▇▇▇▇ ▇▇▇ or Freddie Mac foreclosure ure 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. 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 ▇▇▇▇▇▇ ▇▇▇ or 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. 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 Fannie Mae or Freddie Mac fo▇▇▇▇▇▇ ▇u▇▇ or 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.