Common use of Mortgagor Selection Clause in Contracts

Mortgagor Selection. The Mortgagor was not encouraged or required to select a Mortgage Loan product offered by the Seller which is a higher cost product designed for less creditworthy mortgagors, unless at the time of the Mortgage Loan’s origination, such Mortgagor did not qualify taking into account such facts as, without limitation, the Mortgage Loan’s requirements and the Mortgagor’s credit history, income, assets and liabilities and debt-to-income ratios for a lower-cost similar credit product then offered by the Seller. This representation and warranty is a Deemed Material and Adverse Representation;

Mortgagor Selection. The Mortgagor was not encouraged or required to select a Mortgage Loan product offered by the Seller which is a higher cost product designed for less creditworthy mortgagors, unless at the time of the Mortgage Loan’s 's origination, such Mortgagor did not qualify taking into account such facts as, without limitation, the Mortgage Loan’s 's requirements and the Mortgagor’s 's credit history, income, assets and liabilities and debt-to-income ratios for a lower-cost similar credit product then offered by the Seller. This representation and warranty is a Deemed Material and Adverse Representation;