Common use of No Adverse Selection Clause in Contracts

No Adverse Selection. Seller used no selection procedures that identified the Loans as being less desirable or valuable than other comparable Loans owned by Seller.

Appears in 17 contracts

Samples: Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.)

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No Adverse Selection. Seller used no selection procedures that identified the Purchased Mortgage Loans offered to Buyer for purchase hereunder as being less desirable or valuable than other comparable Mortgage Loans owned by Seller.

Appears in 10 contracts

Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (AmeriHome, Inc.), Master Repurchase Agreement (loanDepot, Inc.)

No Adverse Selection. Seller used no selection procedures that identified the Loans Purchased Loans, when taken as a whole, as being less desirable or valuable than other comparable Loans owned by Seller.

Appears in 5 contracts

Samples: Master Repurchase Agreement (Velocity Financial, LLC), Master Repurchase Agreement (Pennymac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

No Adverse Selection. Seller used no selection procedures that identified the Loans Eligible Loans, when taken as a whole, as being less desirable or valuable than other comparable Loans owned by Seller.

Appears in 5 contracts

Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (Sirva Inc)

No Adverse Selection. The Seller used no selection procedures that identified the Loans as being less desirable or valuable than other comparable Loans owned by the Seller.

Appears in 3 contracts

Samples: Master Repurchase Agreement (New York Mortgage Trust Inc), Master Repurchase Agreement (Aames Investment Corp), Master Repurchase Agreement (American Home Mortgage Investment Corp)

No Adverse Selection. Seller Sellers used no selection procedures that identified the Loans Purchased Loans, when taken as a whole, as being less desirable or valuable than other comparable Loans owned by SellerSellers.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

No Adverse Selection. Seller used no selection procedures that identified the Loans any Purchased Loan or Related Loan as being less desirable or valuable than other comparable Loans owned by Seller.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Walter Investment Management Corp), Master Repurchase Agreement (Walter Investment Management Corp)

No Adverse Selection. Seller used no selection procedures that identified the Eligible Loans as being less desirable or valuable than other comparable Loans owned by Seller.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PHH Corp), Master Repurchase Agreement (PHH Corp)

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No Adverse Selection. Seller used no selection procedures that identified the Mortgage Loans offered to Buyer for purchase hereunder as being less desirable or valuable than other comparable Mortgage Loans owned by Seller.

Appears in 1 contract

Samples: Mortgage Loan Repurchase Agreement (Sirva Inc)

No Adverse Selection. Seller used no selection procedures that identified the Mortgage Loans offered for sale to Buyer hereunder as being less desirable or valuable than other comparable Mortgage Loans owned by Seller.

Appears in 1 contract

Samples: Master Repurchase Agreement (Nationstar Mortgage Holdings Inc.)

No Adverse Selection. The Seller used no selection procedures that identified the Purchased Assets that are Loans as being less desirable or valuable than other comparable Loans owned by the Seller.

Appears in 1 contract

Samples: Master Repurchase Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC)

No Adverse Selection. Seller used no selection procedures that identified the Loans offered for sale to Buyer hereunder as being less desirable or valuable than other comparable Loans owned by Seller. Seller shall not offer any Loans to Buyer hereunder that have already been offered to and rejected by another party.

Appears in 1 contract

Samples: Master Loan Sale Agreement

No Adverse Selection. The Seller used no selection procedures that identified the Mortgage Loans as being less desirable or valuable than other comparable Loans mortgage loans owned by the Seller.

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

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