of the Guide Sample Clauses

of the Guide. The reports of the Asset Monitor prepared and delivered pursuant to subsections (a) and (b) below, shall each be referred to as the “Asset Monitor Report”. The reports of the Asset Monitor prepared and delivered in accordance with the Guide shall each be referred to as the “Specified Auditing Procedures Report”. In addition to the services to be performed pursuant to Section 7.3 of the Guide:

of the Guide. In fulfilling that function, Designated Custodian will refer as necessary to Sections 16.4, 16.8 and 16.9 of the Guide and to Chapter 3 of the Handbook and will (among other things):

of the Guide. The Mortgage is not eligible for delivery under this Attachment if any direct verification indicates the Borrower has been late on their housing payment in the past 12 months. • The Seller must verify any debt that is not shown on the credit report. • If the credit report indicates recent inquiries, the Seller must confirm that the Borrower has not obtained any additional credit that is not contained in the credit report. When a Borrower’s previous credit history indicates a bankruptcy, foreclosure or deed-in-lieu of foreclosure, the Seller must obtain a credit report or other credit documentation evidencing the Borrower has re-established an acceptable credit reputation for at least 4 years. Two years may be acceptable after the discharge of a Chapter 13 bankruptcy, regardless of circumstances. A 2-year re-establishment of credit may be acceptable if the previous action related to a Chapter 7 or Chapter 11 bankruptcy, a foreclosure or deed-in-lieu of foreclosure that resulted in extenuating circumstances as evidenced by the documentation in the Mortgage file. The Borrower’s re-established credit must evidence all of the following: • The credit report and other credit documents show all of the Borrower’s credit is current • A minimum of four payment references. At least one of the payment references must be a Tradeline credit and one a housing-related Tradeline • Three of the four payment references must have been active in the last 24 months • No more than two installment debts or revolving debts were past due in the last 24 months • No installment or revolving debt payments were 60 days or more past due since the discharge of the bankruptcy or completion of the foreclosure or deed-in-lieu of foreclosure • No housing payments were past due since the discharge of the bankruptcy or completion of the foreclosure or deed in lieu of foreclosure • No new public records for bankruptcy, foreclosure, deed in lieu of foreclosure, unpaid judgments, collections, garnishments, liens, etc.