Origination/Doing Business. The Conduit Mortgage Loan was originated by a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act, a savings and loan association, a savings bank, a commercial bank, credit union, insurance company or other similar institution which is supervised and examined by a federal or state authority. All parties who have had any interest in the Conduit Mortgage Loan, whether as a mortgagee, assignee, pledgee or otherwise are (or during the period in which they held and disposed of such interest, were) (a) in compliance with any and all applicable licensing requirements of the laws of the state where the Mortgaged Property is located, and (b) either (i) organized under the laws of such state, or (ii) qualified to do business in such state, or (iii) a federal savings and loan association, a savings bank or a national bank having a principal office in such state, or (c) not doing business in such state;
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Samples: Representations and Warranties Agreement (GSR 2007-Oa2), Pooling and Servicing Agreement (GSAMP Trust 2005-He6)
Origination/Doing Business. The Conduit Mortgage Loan was originated by a savings and loan association, a savings bank, a commercial bank, a credit union, an insurance company, or similar institution that is supervised and examined by a federal or state authority or by a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act, a savings and loan association, a savings bank, a commercial bank, credit union, insurance company or other similar institution which is supervised and examined by a federal or state authority. All parties who which have had any interest in the Conduit Mortgage Loan, whether as a mortgagee, assigneePurchaser, pledgee or otherwise otherwise, are (or or, during the period in which they held and disposed of such interest, were) (a1) in compliance with any and all applicable licensing requirements of the laws of the state where wherein the Mortgaged Property is located, and (b2) either (iA) organized under the laws of such state, or (iiB) qualified to do business in such state, or (iiiC) a federal savings and loan association, a savings bank associations or a national bank banks having a principal office offices in such state, or (cD) not doing business in such state;
Appears in 1 contract
Samples: Sale and Servicing Agreement (FBR Securitization, Inc.)
Origination/Doing Business. The Conduit Mortgage Loan was originated by a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act, a savings and loan association, a savings bank, a commercial bank, credit union, insurance company or other similar institution which is supervised and examined by a federal or state authority. All parties who have had any interest in the Conduit Mortgage Loan, whether as a mortgagee, assignee, pledgee or otherwise are (or during the period in which they held and disposed of such interest, were) (a) in compliance with any and all applicable licensing requirements of the laws of the state where the Mortgaged Property is located, and (b) either (i) organized under the laws of such state, or (ii) qualified to do business in such state, or (iii) a federal savings and loan association, a savings bank or a national bank having a principal office in such state, or (c) not doing business in such state;
Appears in 1 contract
Samples: Representations and Warranties Agreement (GSR Mortgage Loan Trust 2007-5f)