Common use of Mortgage Credit Certificates Clause in Contracts

Mortgage Credit Certificates. Participant agrees to act as the agent of the Agency for the purpose of processing and reviewing applications for MCCs, either for Mortgage Loans to be originated by Participant and sold to the Servicer as provided in (a) above, or in connection with other first mortgage loans originated by Participant.

Mortgage Credit Certificates. Participant agrees to act as the agent of the Agency for the purpose of processing and reviewing applications for MCCsMCCs in accordance with the Administrator’s Guidelines, either for Mortgage Loans to be originated by Participant and sold to the Servicer as provided in (a) above, or in connection with other first mortgage loans originated by Participant.