Common use of Mortgagor Selection Clause in Contracts

Mortgagor Selection. Nx Xxxxgagor was encouraged or required to select a Mortgage Loan product offered by WMC Mortgage Corp. 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 credit history and debt-to-income ratios for a lower-cost credit product then offered by WMC Mortgage Corp. or any Affiliate of WMC Mortgage Corp. with which WMC Mortgage Corp. has a referral relationship or mechanism in place. If, at the time of loan application, the Mortgagor may have qualified for a lower-cost credit product then offered by any mortgage lending Affiliate of WMC Mortgage Corp. with which WMC Mortgage Corp. has a referral relationship or mechanism in place, WMC Mortgage Corp. referred the related Mortgagor's application to such Affiliate for underwriting consideration;

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Wmc1), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Wmc1), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-Wmc6)

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Mortgagor Selection. Nx Xxxxgagor was encouraged No Mortgagor xxx xxcxxxaged or required to select a Mortgage Loan product offered by WMC Mortgage Corp. 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 credit history and debt-to-income ratios for a lower-cost credit product then offered by WMC Mortgage Corp. or any Affiliate of WMC Mortgage Corp. with which WMC Mortgage Corp. has a referral relationship or mechanism in place. If, at the time of loan application, the Mortgagor may have qualified for a lower-cost credit product then offered by any mortgage lending Affiliate of WMC Mortgage Corp. with which WMC Mortgage Corp. has a referral relationship or mechanism in place, WMC Mortgage Corp. referred the related Mortgagor's application to such Affiliate for underwriting consideration;

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He3), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He7), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He6)

Mortgagor Selection. Nx Xxxxgagor was encouraged No Mortgagor xxx xxcouraged or required to select a Mortgage Loan product offered by WMC Mortgage Corp. 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 credit history and debt-to-income ratios for a lower-cost credit product then offered by WMC Mortgage Corp. or any Affiliate of WMC Mortgage Corp. with which WMC Mortgage Corp. has a referral relationship or mechanism in place. If, at the time of loan application, the Mortgagor may have qualified for a lower-cost credit product then offered by any mortgage lending Affiliate of WMC Mortgage Corp. with which WMC Mortgage Corp. has a referral relationship or mechanism in place, WMC Mortgage Corp. referred the related Mortgagor's application to such Affiliate for underwriting consideration;

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-Wmc3), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-Wmc2)

Mortgagor Selection. Nx Xxxxgagor No Mortgagor was encouraged or required to select a Mortgage Loan product offered by WMC Mortgage Corp. 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 credit history and debt-to-income ratios for a lower-cost credit product then offered by WMC Mortgage Corp. or any Affiliate of WMC Mortgage Corp. with which WMC Mortgage Corp. has a referral relationship or mechanism in place. If, at the time of loan application, the Mortgagor may have qualified for a lower-cost credit product then offered by any mortgage lending Affiliate of WMC Mortgage Corp. with which WMC Mortgage Corp. has a referral relationship or mechanism in place, WMC Mortgage Corp. referred the related Mortgagor's application to such Affiliate for underwriting consideration;

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-Wmc4), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He5)

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Mortgagor Selection. Nx Xxxxgagor No Mortxxxxx was encouraged or required to select a Mortgage Loan product offered by WMC Mortgage Corp. 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 credit history and debt-to-income ratios for a lower-cost credit product then offered by WMC Mortgage Corp. or any Affiliate of WMC Mortgage Corp. with which WMC Mortgage Corp. has a referral relationship or mechanism in place. If, at the time of loan application, the Mortgagor may have qualified for a lower-cost credit product then offered by any mortgage lending Affiliate of WMC Mortgage Corp. with which WMC Mortgage Corp. has a referral relationship or mechanism in place, WMC Mortgage Corp. referred the related Mortgagor's application to such Affiliate for underwriting consideration;

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-He1), Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-He1)

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