HUD Compare Ratio. Section 17.22 of the Repurchase Agreement is amended and restated in its entirety as follows:
HUD Compare Ratio. The Seller’s HUD Compare Ratio, as of the month ended _____________, 20__, is ________ to 1.00.
HUD Compare Ratio. The Seller’s HUD Compare Ratio, as of the last Business Day of the period covered by this certificate, was to 1.00. Ratio (expressed as a percentage of): percentage of Seller’s Mortgage Loan originations under the FHA single family mortgage insurance program that were seriously delinquent or were claim terminated in the first two years after origination % to percentage of all Mortgage Loan originations under the FHA single family mortgage insurance program that were seriously delinquent or were claim terminated in the first two years after origination % Ratio (two year):
HUD Compare Ratio. The HUD Compare Ratio, measured as of the last Business Day of each calendar month, shall not be more than 150%.
HUD Compare Ratio. The Seller’s HUD Compare Ratio, as of the last Business Day of the period covered by this certificate, was to 1.00.
5. Describe and give details regarding (i) notices received by Seller requesting or demanding that Seller repurchase (or pay indemnity or other compensation in respect of) Mortgage Loans previously sold or otherwise disposed of by the Seller to any Investor or other Person pursuant to any express or implied repurchase or indemnity obligation as per Section 16.5, and (ii) actual repurchase and indemnity payments made by Seller to any Person. (attach schedule or explanation).
HUD Compare Ratio. As of the end of each month, the HUD Compare Ratio shall be no more than 1.50 to 1.00.”
2.12. Exhibit A to the Master Repurchase Agreement is hereby amended in its entirety to read as set forth in Exhibit A hereto.
2.13. Exhibit C to the Master Repurchase Agreement is hereby amended in its entirety to read as set forth in Exhibit C hereto.
2.14. A new Exhibit J to the Master Repurchase Agreement is hereby added to read as set forth in Exhibit J hereto.
2.15. A new Exhibit K to the Master Repurchase Agreement is hereby added to read as set forth in Exhibit K hereto.
2.16. Schedule AI to the Master Repurchase Agreement is hereby amended in its entirety to read as set forth in Schedule AI hereto.
2.17. Schedule 15.3 to the Master Repurchase Agreement is hereby amended in its entirety to read as set forth in Schedule 15.3 hereto.
HUD Compare Ratio. As of the end of each month, the HUD Compare Ratio shall be no more than 1.50 to 1.00.
HUD Compare Ratio. The Seller’s HUD Compare Ratio, as of the month ended _____________, 20__, is ________ to 1.00.
4. Describe and give details regarding (i) notices received by Seller requesting or demanding that Seller repurchase (or pay indemnity or other compensation in respect of) Mortgage Loans previously sold or otherwise disposed of by the Seller to any Approved Investor or other Person pursuant to any express or implied repurchase or indemnity obligation as provided pursuant to Section 16.5, and (ii) actual repurchase and indemnity payments made by Seller to any Person. Loan Repurchase Requests Reserve amount Reserve policy Loan Repurchases Reserve amount Reserve policy Loans Held for Investment Reserve amount LHFI reserve policy REO Reserve amount REO reserve policy U.S. Bank National Association Mortgage Banking Services U.S. Bancorp Center 800 Nicollet Mall Mail Station BC-MN-H03B Minneapolis, Minnesota 55402-7020 Attention: Xxxxx Xxxxxxx Re: Increase to Maximum Aggregate Commitment Ladies and Gentlemen: Reference is made to that certain Amended and Restated Master Repurchase Agreement dated September 16, 2016 (as amended, restated or otherwise modified from time to time, the “Repurchase Agreement”), among the Seller, the Agent and the Buyers from time to time party thereto. Capitalized terms used herein shall have the meanings set forth in the Repurchase Agreement. This letter constitutes a request by the Seller to increase the Maximum Aggregate Commitment by the amount of $__________ [complete in increments of $5,000,000 from $25,000,000 up to a total increase of $75,000,000] on ________, 20__ [complete with date not less than 2 Business Days after the date of this letter]. Such increase shall terminate on ______, 20__ [not less than 30 days after commencement date, or if less than 30 days, the Termination Date]. HOMEAMERICAN MORTGAGE CORPORATION By: Title: This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Master Repurchase Agreement identified below (as amended, the “Repurchase Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference ...
HUD Compare Ratio. Permit the Sellers’ HUD Compare Ratio to be greater than [***] at any time, determined for each period set forth in the definition thereof.
HUD Compare Ratio. The Seller’s HUD Compare Ratio, as of the month ended , 20 , is to 1.00.
