Common use of No Buydown Provisions; No Graduated Payments or Contingent Interests Clause in Contracts

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by either Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 2 contracts

Samples: Master Repurchase Agreement (MortgageIT Holdings, Inc.), Master Repurchase Agreement (First NLC Financial Services Inc)

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No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by either Sellera Trust Subsidiary, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Altisource Residential Corp), Master Repurchase Agreement (Altisource Residential Corp)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loansas otherwise disclosed and approved by Buyer in its sole discretion, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments monthly payments are paid or partially paid with funds deposited in any separate account established by either Seller, the MortgagorTrust, the related mortgagor, or anyone on behalf of the Mortgagormortgagor, or paid by any source other than the Mortgagor mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by either each Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Master Repurchase Agreement (New York Mortgage Trust Inc)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage LoansSpecial Products, the no Mortgage Loan does not contain contains provisions pursuant to which Monthly Payments are (a) paid or partially paid with funds deposited in any separate account established by either Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or (b) paid by any source other than the Mortgagor nor does it contain or (c) contains any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Financial Services, Inc.)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Eligible Mortgage Loans and Other Conforming Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments monthly payments are paid or partially paid with funds deposited in any separate account established by either SellerSeller Parties, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

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

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loansas otherwise disclosed and approved by Buyer in its sole discretion, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments monthly payments are paid or partially paid with funds deposited in any separate account established by either Seller, the MortgagorTrust, the mortgagor, or anyone on behalf of the Mortgagormortgagor, or paid by any source other than the Mortgagor mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with LEGAL02/43092007v4 funds deposited in any separate account established by either Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments monthly payments are paid or partially paid with funds deposited in any separate account established by either SellerSellers, the Mortgagor, Mortgagor or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision” provisions. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Master Repurchase Agreement (Fieldstone Investment Corp)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage LoansUnless otherwise permitted by an Agency, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by either Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Master Repurchase Agreement (Home Point Capital Inc.)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments monthly payments are paid or partially paid with funds deposited in any separate account established by either SellerSellers, the Mortgagor, Mortgagor or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provisionprovisions. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Master Repurchase Agreement (Fieldstone Investment Corp)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage LoansUnless otherwise permitted by the applicable Agency, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by either Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Master Repurchase Agreement (AmeriHome, Inc.)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by either the applicable Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Master Repurchase Agreement (Fieldstone Investment Corp)

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No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage LoansSpecial Products, the no Mortgage Loan does not contain contains provisions pursuant to which Monthly Payments are (a) paid or partially paid with funds deposited in any separate account established by either SellerSellers, the Mortgagor, or anyone on behalf of the Mortgagor, or (b) paid by any source other than the Mortgagor nor does it contain or (c) contains any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with LEGAL02/41326134v4 funds deposited in any separate account established by either Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loans, the The Mortgage Loan does not contain provisions pursuant to which Monthly Payments monthly payments on the Mortgage Loan are paid or partially paid with funds deposited in any separate account established by either Seller, the Mortgagor, or LEGAL02/42117271v5 anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by either Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.. LEGAL02/36809997v5

Appears in 1 contract

Samples: Master Repurchase Agreement (Walter Investment Management Corp)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loans, the No Underlying Mortgage Loan does not contain contains provisions pursuant to which Monthly Payments are (a) paid or partially paid with funds deposited in any separate account established by either SellerGuarantor, the Mortgagor, or anyone on behalf of the Mortgagor, or (b) paid by any source other than the Mortgagor nor does it contain or (c) contains any other similar provisions which may constitute a "buydown" provision. The Underlying Mortgage Loan is not a graduated payment mortgage loan and the Underlying Mortgage Loan does not have a shared appreciation or other contingent interest feature.;

Appears in 1 contract

Samples: Master Repurchase Agreement (UWM Holdings Corp)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loans, the The Mortgage Loan does not contain provisions pursuant to which Monthly Payments monthly payments on the Mortgage Loan are paid or partially paid with funds deposited in any separate account established by either Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may Annex I-Sch.I-11 constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Securities Transfer Agreement (loanDepot, Inc.)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by either SellerSellers, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

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