Common use of Origination and Acquisition of Mortgage Loans Clause in Contracts

Origination and Acquisition of Mortgage Loans. The Mortgage Loans were originated by the Seller or a Qualified Originator, and the origination and collection practices used by the Seller or Qualified Originator, as applicable, with respect to the Mortgage Loans have been, in all material respects legal and in compliance with all laws with respect to unfair and deceptive lending practices and Predatory Lending Practices, proper, prudent and customary in the residential mortgage loan origination and servicing business, and in accordance with FHA, VA, RHS, Xxxxxx Mae, Xxxxxx Xxx and Xxxxxxx Mac standards as applicable, and in accordance with the Underwriting Guidelines. All Mortgage Loans are in conformity with the Underwriting Guidelines and, with respect to Agency Mortgage Loans, are eligible for sale to Xxxxxx Mae, Xxxxxx Xxx or Xxxxxxx Mac or for guaranty by the VA or the RHS or for insurance by the FHA, and satisfy all applicable requirements for delivery to the appropriate Agency. Each of the Agency Mortgage Loans complies with the representations and warranties listed in Schedule 1 hereto.

Origination and Acquisition of Mortgage Loans. The Mortgage Loans were originated by the Seller or a Qualified Originator, and the origination and collection practices used by the Seller or Qualified Originator, as applicable, with respect to the Mortgage Loans have been, in all material respects legal and in compliance with all laws with respect to unfair and deceptive lending practices and Predatory Lending Practices, proper, prudent and customary in the residential mortgage loan origination and servicing business, and in accordance with FHA, VA, RHS, Xxxxxx MaeGxxxxx Mxx, Xxxxxx Xxx Fxxxxx Mxx and Xxxxxxx Fxxxxxx Mac standards as applicable, and in accordance with the Underwriting Guidelines. All Mortgage Loans are in conformity with the Underwriting Guidelines and, with respect to Agency Mortgage Loans, are eligible for sale to Xxxxxx Gxxxxx Mae, Xxxxxx Xxx Fxxxxx Mxx or Xxxxxxx Fxxxxxx Mac or for guaranty by the VA or the RHS or for insurance by the FHA, and satisfy all applicable requirements for delivery to the appropriate Agency. Each of the Agency Mortgage Loans complies with the representations and warranties listed in Schedule 1 hereto.