Common use of No Buydowns Clause in Contracts

No Buydowns. No Mortgage Loan contains provisions pursuant to which Monthly payments are (a) paid or partially paid with funds deposited in any separate account established by the Company, the Mortgagor or anyone on behalf of the Mortgagor, (b) paid by any source other than the Mortgagor or (c) contains any other similar provisions which may constitute a "buydown" provision;

Appears in 8 contracts

Samples: Banc of America Funding 2006-2 Trust, Banc of America Funding 2006-3 Trust, Sale and Servicing Agreement (ABFC 2006-Opt3 Trust)

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No Buydowns. No Mortgage Loan contains provisions pursuant to which Monthly payments Payments are (a) paid or partially paid with funds deposited in any separate account established by the Company, the Mortgagor or anyone on behalf of the Mortgagor, (b) paid by any source other than the Mortgagor or (c) contains any other similar provisions which may constitute a "buydown" provision;

Appears in 6 contracts

Samples: Flow Servicing Agreement (GSAA Home Equity 2005-12), Trust Agreement (GSAA Home Equity Trust 2005-3), Trust Agreement (GSAA Home Equity Trust 2005-3)

No Buydowns. No Mortgage Loan contains provisions pursuant to which Monthly payments are (a) paid or partially paid with funds deposited in any separate account established by the Company, the Mortgagor or anyone on behalf of the Mortgagor, (b) paid by any source other than the Mortgagor or (c) contains any other similar provisions which may constitute a "buydown" provision;

Appears in 5 contracts

Samples: Warranties and Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-10), Assignment, Assumption and Recognition Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-26), Warranties and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar5)

No Buydowns. No Mortgage Loan contains provisions pursuant to which Monthly payments Payments are (a) paid or partially paid with funds deposited in any separate account established by the Company, the Mortgagor or anyone on behalf of the Mortgagor, (b) paid by any source other than the Mortgagor or (c) contains any other similar provisions which may constitute a "buydown" provision;” and inserting in its place: “(mm) Buydown Mortgage Loans. With respect to each Mortgage Loan that is a Buydown Mortgage Loan:

Appears in 2 contracts

Samples: Warranties and Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-10), Warranties and Servicing Agreement (Structured Asset Securities Corp. 2005-14)

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No Buydowns. No Mortgage Loan contains provisions pursuant to which Scheduled Monthly payments Payments are (a) paid or partially paid with funds deposited in any separate account established by the Company, the Mortgagor or anyone on behalf of the Mortgagor, (b) paid by any source other than the Mortgagor or (c) contains any other similar provisions which may constitute a "buydown" provision;

Appears in 1 contract

Samples: Sale and Servicing Agreement (FBR Securitization, Inc.)

No Buydowns. No Mortgage Loan contains provisions is currently subject to any provision pursuant to which Monthly payments Payments are (ai) paid or partially paid with funds deposited in any separate account established by the CompanySeller, the Mortgagor Mortgagor, or anyone on behalf of the Mortgagor, (bii) paid by any source other than the Mortgagor or (ciii) contains any other similar provisions which may constitute a "buydown" provision;.

Appears in 1 contract

Samples: Master Mortgage Loan Purchase Agreement (Mego Mortgage Corp)

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