Common use of Meet the Bank’s Standards Clause in Contracts

Meet the Bank’s Standards. The PFI must have and maintain as one of its principal business purposes the origination or purchase of mortgages of the type that the PFI will sell to the Bank under this Contract. In addition, the PFI, must, at all times, have the capacity to originate or purchase mortgages that meet the MPF Program standards and the standards generally imposed by other GSEs and private institutional mortgage investors. The PFI must, at all times, satisfy the applicable requirements for PFIs to originate or sell mortgages set forth in the Guides and, if issued, comply with the MPF Program Requirements.

Meet the Bank’s Standards. The PFI must have and maintain as one of its principal business purposes purposes, the origination or purchase servicing of mortgages of the type that the PFI will sell to the Bank service under this Contract. In addition, the PFI, in the Bank's judgment, must, at all times, have the capacity to originate or purchase service mortgages that meet for the MPF Program Bank in a manner satisfying the Bank's servicing standards and the standards generally imposed by other GSEs and private institutional mortgage investors. The Finally, the PFI must, at all times, satisfy the applicable requirements for PFIs to originate or sell servicers of mortgages set forth in the Guides and, if issued, comply with in the MPF Program Requirements.

Meet the Bank’s Standards. The PFI must have and maintain as one of its principal business purposes purposes, the origination or purchase servicing of mortgages of the type that the PFI will sell to the Bank service under this Contract. In addition, the PFI, in the Bank’s judgment, must, at all times, have the capacity to originate or purchase service mortgages that meet for the MPF Program Bank in a manner satisfying the Bank’s servicing standards and the standards generally imposed by other GSEs and private institutional mortgage investors. The Finally, the PFI must, at all times, satisfy the applicable requirements for PFIs to originate or sell servicers of mortgages set forth in the Guides and, if issued, comply with in the MPF Program Requirements.