Common use of Representations and Warranties Concerning Purchased Mortgage Loans Clause in Contracts

Representations and Warranties Concerning Purchased Mortgage Loans. By each delivery of a Confirmation, Seller shall be deemed, as of the Purchase Date of the described sale of each Purchased Mortgage Loan (or, if another date is expressly provided in such representation or warranty, as of such other date), and as of each date thereafter that such Purchased Mortgage Loan remains subject to this Agreement, to represent and warrant that each Purchased Mortgage Loan then sold to Buyer is an Eligible Mortgage Loan.

Appears in 4 contracts

Samples: Master Repurchase Agreement, Master Repurchase Agreement (Ryland Group Inc), Master Repurchase Agreement (Pulte Homes Inc/Mi/)

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Representations and Warranties Concerning Purchased Mortgage Loans. By each delivery of a Confirmation, Seller shall be deemed, as of the Purchase Date of the described sale of each Purchased Mortgage Loan (or, if another date is expressly provided in such representation or warranty, as of such other date), and as of each date thereafter that such Purchased Mortgage Loan remains subject to this Agreement, to represent and warrant that each Purchased Mortgage Loan then sold to Buyer Administrative Agent (as agent and representative of Buyers) is an Eligible Mortgage Loan.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.)

Representations and Warranties Concerning Purchased Mortgage Loans. By each delivery of a Confirmation, Seller shall be deemed, as of the Purchase Date of the described sale of each Purchased Mortgage Loan (or, if another date is expressly provided in such representation or warranty, as of such other date), and as of each date day thereafter that such Purchased Mortgage Loan remains continues to be subject to this Agreementan outstanding Transaction, to represent and warrant that each such Purchased Mortgage Loan then sold to Buyer is an Eligible Mortgage Loan.Loan and to make the representations and warranties regarding it that are set forth in Exhibit B.

Appears in 2 contracts

Samples: Master Repurchase Agreement (AmeriHome, Inc.), Master Repurchase Agreement (Guild Holdings Co)

Representations and Warranties Concerning Purchased Mortgage Loans. By each delivery of a Confirmation, Seller shall be deemed, as of the Purchase Date of the described sale of each Purchased Mortgage Loan (or, if another date is expressly provided in such representation or warranty, as of such other date), and as of each date thereafter that such Purchased Mortgage Loan remains subject to this Agreement, to represent and warrant that each Purchased Mortgage Loan then sold to Buyer Administrative Agent (as agent and representative of Buyers) is an Eligible Mortgage Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (Lennar Corp /New/)

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Representations and Warranties Concerning Purchased Mortgage Loans. By each delivery of a Confirmation, Seller shall be deemed, as of the Purchase Date of the described sale of each Purchased Mortgage Loan (or, if another date is expressly provided in such representation or warranty, as of such other date), and as of each date thereafter that such Purchased Mortgage Loan remains subject to this Agreement, to represent and warrant that each Purchased Mortgage Loan then sold to Buyer is an Eligible Mortgage Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (Altisource Asset Management Corp)

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