Recourse Servicing Contracts. Acquire or enter into Servicing Contracts under which Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans.
Appears in 12 contracts
Samples: Credit and Security Agreement (First NLC Financial Services Inc), Credit and Security Agreement (American Home Mortgage Holdings Inc), Warehousing Credit and Security Agreement (Commercial Capital Bancorp Inc)
Recourse Servicing Contracts. Acquire or enter into Servicing Contracts under which Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans.. SPECIAL REPRESENTATIONS, WARRANTIES AND COVENANTS CONCERNING COLLATERAL
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (MortgageIT Holdings, Inc.)
