Common use of No Economic Interest Clause in Contracts

No Economic Interest. Neither Seller nor any affiliate thereof will acquire any economic interest in or obligation with respect to any Mortgage Loan except for record title to the Mortgage relating to the Mortgage Loan and the right and obligation to repurchase the Mortgage Loan hereunder.

Appears in 8 contracts

Samples: Master Repurchase Agreement (Mr. Cooper Group Inc.), Master Repurchase Agreement (Walter Investment Management Corp), Master Repurchase Agreement (Nationstar Mortgage Holdings Inc.)

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No Economic Interest. Neither Seller nor any affiliate thereof will acquire any economic interest in or obligation with respect to any Purchased Asset that is a Mortgage Loan except for record title to the Mortgage relating to the Mortgage Loan such Purchased Asset and the right and obligation to repurchase the Mortgage Loan hereunder.

Appears in 5 contracts

Samples: Master Repurchase Agreement, Master Repurchase Agreement (DITECH HOLDING Corp), Master Repurchase Agreement (DITECH HOLDING Corp)

No Economic Interest. Neither Seller nor any affiliate Affiliate thereof will acquire any economic interest in or obligation with respect to any Purchased Mortgage Loan except for record title to the Mortgage relating to the such Purchased Mortgage Loan and the right and obligation to repurchase the Mortgage Loan hereunderhereunder and the right to receive amounts pursuant to Section 16.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Home Point Capital Inc.), Master Repurchase Agreement (UWM Holdings Corp), Master Repurchase Agreement (Home Point Capital Inc.)

No Economic Interest. Neither Seller nor any affiliate Affiliate thereof will acquire any economic interest in or obligation with respect to any Purchased Mortgage Loan except for record title to the Mortgage relating to the such Purchased Mortgage Loan and the right and obligation to repurchase the Mortgage Loan hereunderhereunder and the right to receive amounts pursuant to Section 17.

Appears in 2 contracts

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

No Economic Interest. Neither Seller nor any affiliate thereof will acquire any economic interest in or obligation with respect to any Mortgage Loan Purchased Asset except for record title to the Mortgage relating to the Mortgage Loan Purchased Asset and the right and obligation to repurchase the Mortgage Loan hereunderhereunder and the right to receive amounts pursuant to Section 16.

Appears in 2 contracts

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

No Economic Interest. Neither Seller nor any affiliate thereof will acquire any economic interest in or obligation with respect to any Mortgage Loan Purchased Asset except for record title to the Mortgage relating to the Mortgage Loan and such Purchased Asset, the right and obligation to repurchase the Mortgage Loan hereunderhereunder and the right to receive amounts pursuant to Section 16.

Appears in 1 contract

Samples: Master Repurchase Agreement (Home Loan Servicing Solutions, Ltd.)

No Economic Interest. Neither Seller nor any affiliate Affiliate thereof will acquire any economic interest in or obligation with respect to any Purchased Mortgage Loan except for record title to the Mortgage relating to the such Purchased Mortgage Loan and the right and obligation to repurchase the Mortgage Loan hereunderhereunder and the right to receive amounts pursuant to Section 1617.

Appears in 1 contract

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

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No Economic Interest. Neither Seller None of Seller, Guarantor nor any affiliate thereof of their respective Affiliates will acquire any economic interest in or obligation with respect to any Mortgage Loan except for record title to the Mortgage relating to the Mortgage Loan and the right and obligation to repurchase the Mortgage Loan hereunder.

Appears in 1 contract

Samples: Master Repurchase Agreement (Five Oaks Investment Corp.)

No Economic Interest. Neither Seller nor any affiliate thereof will acquire any economic interest in or obligation with respect to any Mortgage Loan the Purchased Asset except for record title to the Mortgage relating to the Mortgage Loan such Purchased Asset and the right and obligation to repurchase the Mortgage Loan hereunderhereunder and the right to receive amounts pursuant to Section 16.

Appears in 1 contract

Samples: Master Repurchase Agreement (Velocity Financial, LLC)

No Economic Interest. Neither Seller nor any affiliate Affiliate thereof will acquire any economic interest in or obligation with respect to any Mortgage Loan except for record title to the Mortgage relating to the Mortgage Loan and the right and obligation to repurchase the Mortgage Loan hereunder.

Appears in 1 contract

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

No Economic Interest. Neither Seller nor any affiliate Affiliate thereof will acquire any economic interest in or obligation with respect to any Purchased Mortgage Loan except for record title to the Mortgage relating to the such Purchased Mortgage Loan and the right and obligation to repurchase the Mortgage Loan hereunder.hereunder and the right to receive amounts pursuant to Section 17. (e)

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

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