No Outstanding Charges. There are no defaults in complying with the terms of the Mortgage as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Date, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Date. Neither WMC Mortgage Corp. nor any Affiliate has advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 7 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He5), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Abs Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-Wmc5)
No Outstanding Charges. There are no defaults in complying with the terms of the Mortgage as of securing the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing DateLoan, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as payable. Except for (A) payments in the nature of escrow payments and (B) interest accruing from the date of the Cut-off DateMortgage Note or date of disbursement of the Mortgage proceeds, and whichever is greater to the knowledge of WMC Mortgage Corp. and its Affiliates as day which precedes by one month the Due Date of the Closing Date. Neither WMC Mortgage Corp. nor any Affiliate first installment of principal and interest, including, without limitation, taxes and insurance payments, Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 4 contracts
Samples: Master Repurchase Agreement (ECC Capital CORP), Master Repurchase Agreement (ECC Capital CORP), Master Repurchase Agreement (New Century Financial Corp)
No Outstanding Charges. There Other than delinquencies in payment of principal or interest in respect of the 30+ Delinquent Mortgage Loans, 60+ Delinquent Mortgage Loans and Defaulted Mortgage Loans, there are no defaults in complying with the terms of the Mortgage as of securing the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Date, and all Loan. All taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of payable. No Borrower nor the Cut-off Date, and to Qualified Originator from which any Borrower acquired the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Date. Neither WMC Mortgage Corp. nor any Affiliate Loan has advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the proceeds of the Mortgage Loan proceedsLoan, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;interest thereunder.
Appears in 3 contracts
Samples: Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp)
No Outstanding Charges. There are no defaults in complying with the terms of the Mortgage as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing DateMortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as payable. Except for (A) payments in the nature of escrow payments and (B) interest accruing from the date of the Cut-off DateMortgage Note or date of disbursement of the Mortgage proceeds, and whichever is greater to the knowledge of WMC Mortgage Corp. and its Affiliates as day which precedes by one month the Due Date of the Closing Date. Neither WMC Mortgage Corp. nor any Affiliate first installment of principal and interest, including, without limitation, taxes and insurance payments, the Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 3 contracts
Samples: Master Repurchase Agreement (Starnet Financial Inc), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Pooling and Servicing Agreement (DLJ Mortgage Acceptance Corp)
No Outstanding Charges. There Except as set forth on the Mortgage Loan Schedule, to the Seller's knowledge as of the Servicing Transfer Date there are no defaults in complying with the terms of the Mortgage as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing DateMortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as payable. As of the Cut-off Date, and to closing date for the knowledge of WMC Mortgage Corp. and its Affiliates as of securitization (the "Securitization Closing Date. Neither WMC Mortgage Corp. nor any Affiliate "), the Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 2 contracts
Samples: Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2007-2), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He7)
No Outstanding Charges. There Except with respect to Accredited Mortgage Loans representing approximately 0.74% of the Accredited Mortgage Loans (by Cut-off Date Pool Principal Balance), as of the Cut-off Date, and to Accredited's knowledge as of the Securitization Closing Date, there are no defaults in complying with the terms of the Mortgage as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing DateMortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Datepayable. Neither WMC Mortgage Corp. nor any Affiliate Accredited has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He4), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He4)
No Outstanding Charges. There Except as set forth on the Mortgage Loan Schedule delivered to the Purchaser by the Company on the Servicing Transfer Date, to the Company's knowledge as of the Servicing Transfer Date there are no defaults in complying with the terms of the Mortgage as of securing the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing DateLoan, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as payable. As of the Cut-off closing date for the Securitization Transaction (the "Securitization Closing Date"), except for (A) payments in the nature of escrow payments and (B) interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier to the knowledge of WMC Mortgage Corp. and its Affiliates as day which precedes by one month the Due Date of the Closing Date. Neither WMC Mortgage Corp. nor any Affiliate first installment of principal and/or interest, including, without limitation, taxes and insurance payments, the Company has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 2 contracts
Samples: Assignment and Recognition Agreement (Morgan Stanley ABS Capital I Inc. IXIS Real Estate Capital Trust 2007-He1), Assignment and Recognition Agreement (Natixis Real Estate Capital Trust 2007-He2)
No Outstanding Charges. There Except with respect to Accredited Mortgage Loans representing approximately 0.539% of the aggregate principal balance of Accredited Mortgage Loans as of the Cut-off Date, as of the Cut-off Date, and to Accredited's knowledge as of the Securitization Closing Date, there are no defaults in complying with the terms of the Mortgage as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing DateMortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Datepayable. Neither WMC Mortgage Corp. nor any Affiliate Accredited has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He9), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He9)
No Outstanding Charges. There Other than with regard to any Eligible Delinquent Loan, there are no defaults in complying with the terms of the Mortgage, and, other than with respect to Junior Mortgage as of the Cut-off DateLoans, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Date, and all taxes, ground rents, water charges, sewer rents, governmental assessments, insurance premiums, water, sewer and municipal charges, insurance premiums or leasehold payments or ground rents which previously became due and owing have been paidpaid or are not delinquent, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Datedelinquent. Neither WMC Mortgage Corp. nor any Affiliate No Seller Party has advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Underlying Asset (other than Junior Mortgage LoanLoans), except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan Underlying Asset proceeds, whichever is earlierlater, to the day which precedes by one month the Due Date of the first installment of principal and interest;.
Appears in 2 contracts
Samples: Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.)
No Outstanding Charges. There Except in the case of a Defaulted Loan, there are no defaults in complying with the terms of the Mortgage as of securing the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing DateLoan, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Datepayable. Neither WMC the Borrower nor the originator from which the Borrower acquired the Mortgage Corp. nor any Affiliate Loan has advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the proceeds of the Mortgage Loan proceedsLoan, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;interest thereunder.
Appears in 1 contract
Samples: Master Loan and Security Agreement (Aames Financial Corp/De)
No Outstanding Charges. There Except with respect to Mortgage Loans representing approximately 0.41% of the Mortgage Loans (by Cut-off Date Pool Principal Balance), each of which are 30 or more days (but less than 60 days) delinquent, there are no defaults in complying with the terms of the Mortgage as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Date, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Date. Neither WMC Mortgage Corp. nor any Affiliate has advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-Wmc3)
No Outstanding Charges. There Except with respect to Accredited Mortgage Loans representing approximately 4.48% of the aggregate principal balance of Accredited Mortgage Loans as of the Cut-off Date, as of the Cut-off Date, and to Accredited's knowledge as of the Securitization Closing Date, there are no defaults in complying with the terms of the Mortgage as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing DateMortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Datepayable. Neither WMC Mortgage Corp. nor any Affiliate Accredited has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 1 contract
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Home Equity Loan Trust 2005-2)
No Outstanding Charges. There As of the applicable Servicing Transfer Date with respect to each Mortgage Loan, there are no defaults in complying with the terms of the Mortgage as of the Cut-off DateMortgage, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Dateapplicable Servicing Transfer Date with respect to each Mortgage Loan, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Dateapplicable Servicing Transfer Date with respect to each Mortgage Loan, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Dateapplicable Servicing Transfer Date with respect to each Mortgage Loan. Neither WMC Mortgage Corp. nor any Affiliate has advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 1 contract
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He6)
No Outstanding Charges. There are no defaults in complying with the terms of the Mortgage as of securing the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing DateLoan, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as payable. Except for (A) payments in the nature of escrow payments and (B) interest accruing from the date of the Cut-off DateMortgage Note or date of disbursement of the Mortgage Loan proceeds, and whichever is greater to the knowledge of WMC Mortgage Corp. and its Affiliates as day which precedes by one month the Due Date of the Closing Date. Neither WMC Mortgage Corp. nor any Affiliate first installment of principal and interest, including, without limitation, taxes and insurance payments, neither Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 1 contract
No Outstanding Charges. There are no defaults in complying with the terms of the Mortgage as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing DateMortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as payable. Except for (A) payments in the nature of escrow payments and (B) interest accruing from the date of the Cut-off DateMortgage Note or date of disbursement of the Mortgage proceeds, and whichever is greater to the knowledge of WMC Mortgage Corp. and its Affiliates as day which precedes by one month the Due Date of the Closing Date. Neither WMC Mortgage Corp. nor any Affiliate first installment of principal and interest, including, without limitation, taxes and insurance payments, the Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party part, other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
No Outstanding Charges. There Except with respect to Accredited Mortgage Loans representing approximately 0.47% of the aggregate principal balance of Accredited Mortgage Loans as of the Cut-off Date, as of the Cut-off Date, and to Accredited's knowledge as of the Securitization Closing Date, there are no defaults in complying with the terms of the Mortgage as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing DateMortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Datepayable. Neither WMC Mortgage Corp. nor any Affiliate Accredited has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 1 contract
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He1)
No Outstanding Charges. There Except with respect to Accredited Mortgage Loans representing approximately 0.51% of the aggregate principal balance of Accredited Mortgage Loans as of the Cut-off Date, as of the Cut-off Date, and to Accredited's knowledge as of the Securitization Closing Date, there are no defaults in complying with the terms of the Mortgage as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing DateMortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Datepayable. Neither WMC Mortgage Corp. nor any Affiliate Accredited has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 1 contract
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He2)
No Outstanding Charges. There Except with respect to Mortgage Loans representing approximately 0.40% of the Mortgage Loans (by Cut-off Date Pool Principal Balance), each of which are 30 or more days (but less than 60 days) delinquent, there are no defaults in complying with the terms of the Mortgage as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Date, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Date. Neither WMC Mortgage Corp. nor any Affiliate has advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-Wmc4)
No Outstanding Charges. There Except with respect to WMC Mortgage Loans representing approximately 0.42% of the aggregate principal balance of WMC Mortgage Loans as of the Cut-off Date, as of the applicable Servicing Transfer Date with respect to each Mortgage Loan, there are no defaults in complying with the terms of the Mortgage as of the Cut-off DateMortgage, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Dateapplicable Servicing Transfer Date with respect to each Mortgage Loan, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Dateapplicable Servicing Transfer Date with respect to each Mortgage Loan, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Dateapplicable Servicing Transfer Date with respect to each Mortgage Loan. Neither WMC Mortgage Corp. nor any Affiliate has advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 1 contract
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He7)
No Outstanding Charges. There Other than delinquencies in payment ---------------------- of principal or interest in respect of the 30+ Delinquent Mortgage Loans, 60+ Delinquent Mortgage Loans and Defaulted Mortgage Loans, there are no defaults in complying with the terms of the Mortgage as of securing the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Date, and all Loan. All taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Datepayable. Neither WMC the Borrower nor the Qualified Originator from which the Borrower acquired the Mortgage Corp. nor any Affiliate Loan has advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the proceeds of the Mortgage Loan proceedsLoan, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;interest thereunder.
Appears in 1 contract
Samples: Master Loan and Security Agreement (New Century Financial Corp)
No Outstanding Charges. There Except with respect to Accredited Mortgage Loans representing approximately 0.53% of the aggregate principal balance of Accredited Mortgage Loans as of the Cut-off Date, as of the Cut-off Date, and to Accredited's knowledge as of the Securitization Closing Date, there are no defaults in complying with the terms of the Mortgage as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing DateMortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Datepayable. Neither WMC Mortgage Corp. nor any Affiliate Accredited has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 1 contract
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He3)
No Outstanding Charges. There Except with respect to Mortgage Loans representing approximately 0.58% of the Mortgage Loans (by Cut-off Date Pool Principal Balance), each of which are 30 or more days (but less than 60 days) delinquent, there are no defaults in complying with the terms of the Mortgage as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Date, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Date. Neither WMC Mortgage Corp. nor any Affiliate has advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-Wmc1)
No Outstanding Charges. There Except with respect to Mortgage Loans representing approximately 0.32% of the Mortgage Loans (by Cut-off Date Pool Principal Balance), each of which are 30 or more days (but less than 60 days) delinquent, there are no defaults in complying with the terms of the Mortgage as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Date, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Date. Neither WMC Mortgage Corp. nor any Affiliate has advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-Wmc2)
No Outstanding Charges. There Other than delinquencies in payment of principal or interest in respect of the 30+ Delinquent Mortgage Loans, 60+ Delinquent Mortgage Loans and Defaulted Mortgage Loans, there are no defaults in complying with the terms of the Mortgage as of securing the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Date, and all Loan. All taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Datepayable. Neither WMC the Borrower nor the Qualified Originator from which the Borrower acquired the Mortgage Corp. nor any Affiliate Loan has advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the proceeds of the Mortgage Loan proceedsLoan, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;interest thereunder.
Appears in 1 contract
No Outstanding Charges. There Except with respect to Accredited Mortgage Loans representing approximately 0.78% of the aggregate principal balance of the Accredited Mortgage Loans as of the Cut-off Date, as of the Cut-off Date, and to Accredited's knowledge as of the Closing Date, there are no defaults in complying with the terms of the Mortgage as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing DateMortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp. and its Affiliates as of the Closing Datepayable. Neither WMC Mortgage Corp. nor any Affiliate Accredited has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
Appears in 1 contract
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He6)