Maintenance of Certain Servicing Insurance Policies. The Servicer shall during the term of its service as servicer maintain in force (i) a policy or policies of insurance covering errors and omissions in the performance of its obligations as servicer hereunder and (ii) a fidelity bond in respect of its officers, employees or agents. Each such policy or policies and bond shall be at least equal to the coverage that would be required by FNMA or FHLMC, whichever is greater, for Persons performing servicing for mortgage loans purchased by such entity.
Appears in 41 contracts
Samples: Servicing Agreement (Shellpoint Mortgage Acceptance LLC), Servicing Agreement (Opteum Mortgage Acceptance CORP), Servicing Agreement (Ab Mortgage Securities Corp)
Maintenance of Certain Servicing Insurance Policies. The Servicer shall during the term of its service as servicer maintain in force (i) a policy or policies of insurance covering errors and omissions in the performance of its obligations as servicer hereunder and (ii) a fidelity bond in respect of its officers, employees or agents. Each such policy or policies and bond shall be at least equal shall, together, comply with the requirements from time to the coverage that would be required by FNMA or FHLMC, whichever is greater, time of Xxxxxx Xxx for Persons persons performing servicing for mortgage loans purchased by such entityXxxxxx Mae.
Appears in 25 contracts
Samples: Pooling and Servicing Agreement (Renaissance Home Equity Loan Trust 2004-2), Custodial Agreement (Renaissance Mortgage Acceptance Corp), Pooling and Servicing Agreement (Renaissance Home Equity Loan Trust 2003-4)
Maintenance of Certain Servicing Insurance Policies. The Servicer shall during the term of its service as servicer maintain in force (i) a policy or policies of insurance covering errors and omissions in the performance of its obligations as servicer Servicer hereunder and (ii) a fidelity bond in respect of its officers, employees or agents. Each such policy or policies and bond shall be at least equal to the coverage that would be required by FNMA or FHLMC, whichever is greater, for Persons performing servicing for mortgage loans similar to the Loans purchased by such entity.
Appears in 14 contracts
Samples: Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Servicing Agreement (Credit Suisse First Boston Mor Ac Corp CSFB Abs Tr 2002 Hi23), Servicing Agreement (Deutsche Mortgage Securities Inc)
Maintenance of Certain Servicing Insurance Policies. The Servicer shall during the term of its service as servicer maintain in force (i) a policy or policies of insurance covering errors and omissions in the performance of its obligations as servicer hereunder and (ii) a fidelity bond in respect of its officers, employees or agents. Each such policy or policies and bond shall be at least equal shall, together, comply with the requirements from time to the coverage that would be required by FNMA or FHLMC, whichever is greater, time of Fannie Mae for Persons persons performing servicing for mortgage loans purchased by such entitypurcxxxxx bx Xannie Mae.
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