Common use of Repurchase of Loans by Seller Clause in Contracts

Repurchase of Loans by Seller. Upon the occurrence of any of the following events, Seller agrees to immediately repurchase the related Loan or Property, at the RepurchasePrice: A. Seller fails to provide all of the final documentation required by ArcHome and/or fails to satisfy all other requirements of this Agreement within 120 days from the ERD (expected return date, as same may differ from recording office to recording office). As well, ArcHome will first assess a $125.00 per loan fee for missing final documents aged greater than 90 days from the ERD (expected return date). B. With regard to FHA or VA Loans, Seller fails to submit for FHA Mortgage Insurance Certificate ('MIC'), or VA Loan Guaranty Certificate ('LGC') within sixty (60) days following the Note Date; with regard to USDA Loans, Seller fails to submit for USDA guaranty within thirty (30) days following the Note Date. C. With regard to FHA, VA or USDA Loans, in the reasonable judgment of ArcHome, the related MIC, LGC or guaranty cannot be obtained, or any required private mortgage insurance or guaranty, lapses, is rescinded, or claim thereon is denied or not paid unless directly and solely caused by the negligence of ArcHome. D. ArcHome repurchases any Loan previously conveyed, transferred, or assigned by ArcHome to any third party due to defects which existed prior to, or arose as a result of an occurrence on or before the Purchase Date, or third party investor refuses to purchase a Loan due to defects which existed prior to or arose as a result of an occurrence on or before the Purchase Date. E. The Loan File or Credit File contains any Fraudulent Document or inaccuracies regardless of whether or not such Loan is delinquent. For any Loan incapable of being repurchased due to inclusion in a GNMA pool, Seller agrees to comply with the procedures set forth in the ArcHome Seller’s Guide.

Repurchase of Loans by Seller. Upon the occurrence of any of the following events, Seller Xxxxxx agrees to immediately repurchase the related Loan or Property, at the RepurchasePrice: A. (A) Seller fails to provide all of the final documentation required by ArcHome Xxx and/or fails to satisfy all other requirements of this Agreement within 120 days from the ERD (expected return date, as same may differ from recording office to recording office). As well, ArcHome Xxx will first assess a $125.00 per loan fee for missing final documents aged greater than 90 60 days from the ERD (expected return date). B. (B) With regard to FHA or VA Loans, Seller fails to submit for FHA Mortgage Insurance Certificate ('MIC'), or VA Loan Guaranty Certificate ('LGC') within sixty (60) days following the Note Date; with regard to USDA Loans, Seller fails to submit for USDA guaranty within thirty (30) days following the Note Date. C. (C) With regard to FHA, VA or USDA Loans, in the reasonable judgment of ArcHomeArc, the related MIC, LGC or guaranty cannot be obtained, or any required private mortgage insurance or guaranty, lapses, is rescinded, or claim thereon is denied or not paid unless directly and solely caused by the negligence of ArcHomeArc. D. ArcHome (D) Arc repurchases any Loan previously conveyed, transferred, or assigned by ArcHome Xxx to any third party due to defects which existed prior to, or arose as a result of an occurrence on or before the Purchase Date, or third party investor refuses to purchase a Loan due to defects which existed prior to or arose as a result of an occurrence on or before the Purchase Date. E. (E) The Loan File or Credit File contains any Fraudulent Document or inaccuracies regardless of whether or not such Loan is delinquent. For any Loan incapable of being repurchased due to inclusion in a GNMA pool, Seller Xxxxxx agrees to comply with the procedures set forth in the ArcHome Seller’s applicable Arc Guide.

Repurchase of Loans by Seller. Upon the occurrence of any of the following events, Seller agrees to immediately repurchase the related Loan or Property, at the RepurchasePrice: A. Seller fails to provide all of the final documentation required by ArcHome Arc and/or fails to satisfy all other requirements of this Agreement within 120 days from the ERD (expected return date, as same may differ from recording office to recording office). As well, ArcHome Arc will first assess a $125.00 per loan fee for missing final documents aged greater than 90 days from the ERD (expected return date). B. With regard to FHA or VA Loans, Seller fails to submit for FHA Mortgage Insurance Certificate ('MIC'), or VA Loan Guaranty Certificate ('LGC') within sixty (60) days following the Note Date; with regard to USDA Loans, Seller fails to submit for USDA guaranty within thirty (30) days following the Note Date. C. With regard to FHA, VA or USDA Loans, in the reasonable judgment of ArcHomeArc, the related MIC, LGC or guaranty cannot be obtained, or any required private mortgage insurance or guaranty, lapses, is rescinded, or claim thereon is denied or not paid unless directly and solely caused by the negligence of ArcHomeArc. D. ArcHome Arc repurchases any Loan previously conveyed, transferred, or assigned by ArcHome Arc to any third party due to defects which existed prior to, or arose as a result of an occurrence on or before the Purchase Date, or third party investor refuses to purchase a Loan due to defects which existed prior to or arose as a result of an occurrence on or before the Purchase Date. E. The Loan File or Credit File contains any Fraudulent Document or inaccuracies regardless of whether or not such Loan is delinquent. For any Loan incapable of being repurchased due to inclusion in a GNMA pool, Seller agrees to comply with the procedures set forth in the ArcHome Arc Seller’s Guide.

Repurchase of Loans by Seller. Upon the occurrence of any of the following events, Seller Xxxxxx agrees to immediately repurchase the related Loan or Property, at the RepurchasePriceRepurchase Price: A. (A) Seller fails to provide all of the final documentation required by ArcHome Xxx and/or fails to satisfy all other requirements of this Agreement within 120 days from the ERD (expected return date, as same may differ from recording office to recording office). As well, ArcHome Xxx will first assess a $125.00 per loan fee for missing final documents aged greater than 90 60 days from the ERD (expected return date). B. (B) With regard to FHA or VA Loans, Seller fails to submit for FHA Mortgage Insurance Certificate ('MIC'), or VA Loan Guaranty Certificate ('LGC') within sixty (60) days following the Note Date; with regard to USDA Loans, Seller fails to submit for USDA guaranty within thirty (30) days following the Note Date. C. (C) With regard to FHA, VA or USDA Loans, in the reasonable judgment of ArcHomeArc, the related MIC, LGC or guaranty cannot be obtained, or any required private mortgage insurance or guaranty, lapses, is rescinded, or claim thereon is denied or not paid unless directly and solely caused by the negligence of ArcHomeArc. D. ArcHome (D) Arc repurchases any Loan previously conveyed, transferred, or assigned by ArcHome Xxx to any third party due to defects which existed prior to, or arose as a result of an occurrence on or before the Purchase Date, or third party investor refuses to purchase a Loan due to defects which existed prior to or arose as a result of an occurrence on or before the Purchase Date. E. (E) The Loan File or Credit File contains any Fraudulent Document or inaccuracies regardless of whether or not such Loan is delinquent. For any Loan incapable of being repurchased due to inclusion in a GNMA pool, Seller Xxxxxx agrees to comply with the procedures set forth in the ArcHome Seller’s applicable Arc Guide.

Repurchase of Loans by Seller. Upon the occurrence of any of the following events, Seller agrees to immediately repurchase the related Loan or Property, at the RepurchasePrice: A. Seller fails to provide all of the final documentation required by ArcHome Arc Home and/or fails to satisfy all other requirements of this Agreement within 120 days from the ERD (expected return date, as same may differ from recording office to recording office). As well, ArcHome Arc Home will first assess a $125.00 per 12 loan fee for missing final documents aged greater than 90 days from the ERD (expected return date). B. With regard to FHA or VA Loans, Seller fails to submit for FHA Mortgage Insurance Certificate ('MIC'), or VA Loan Guaranty Certificate ('LGC') within sixty (60) days following the Note Date; with regard to USDA Loans, Seller fails to submit for USDA guaranty within thirty (30) days following the Note Date. C. With regard to FHA, VA or USDA Loans, in the reasonable judgment of ArcHomeArc Home, the related MIC, LGC or guaranty cannot be obtained, or any required private mortgage insurance or guaranty, lapses, is rescinded, or claim thereon is denied or not paid unless directly and solely caused by the negligence of ArcHomeArc Home. D. ArcHome Arc Home repurchases any Loan previously conveyed, transferred, or assigned by ArcHome Arc Home to any third party due to defects which existed prior to, or arose as a result of an occurrence on or before the Purchase Date, or third party investor refuses to purchase a Loan due to defects which existed prior to or arose as a result of an occurrence on or before the Purchase Date. E. The Loan File or Credit File contains any Fraudulent Document or inaccuracies regardless of whether or not such Loan is delinquent. For any Loan incapable of being repurchased due to inclusion in a GNMA pool, Seller agrees to comply with the procedures set forth in the ArcHome Arc Home Seller’s Guide.

Repurchase of Loans by Seller. Upon the occurrence of any of the following events, Seller agrees to immediately repurchase the related Loan or Property, at the RepurchasePriceRepurchase Price: A. Seller fails to provide all of the final documentation required by ArcHome Arc and/or fails to satisfy all other requirements of this Agreement within 120 days from the ERD (expected return date, as same may differ from recording office to recording office). As well, ArcHome Arc will first assess a $125.00 per loan fee for missing final documents aged greater than 90 days from the ERD (expected return date). B. With regard to FHA or VA Loans, Seller fails to submit for FHA Mortgage Insurance Certificate ('MIC'), or VA Loan Guaranty Certificate ('LGC') within sixty (60) days following the Note Date; with regard to USDA Loans, Seller fails to submit for USDA guaranty within thirty (30) days following the Note Date. C. With regard to FHA, VA or USDA Loans, in the reasonable judgment of ArcHomeArc, the related MIC, LGC or guaranty cannot be obtained, or any required private mortgage insurance or guaranty, lapses, is rescinded, or claim thereon is denied or not paid unless directly and solely caused by the negligence of ArcHomeArc. D. ArcHome Arc repurchases any Loan previously conveyed, transferred, or assigned by ArcHome Arc to any third party due to defects which existed prior to, or arose as a result of an occurrence on or before the Purchase Date, or third party investor refuses to purchase a Loan due to defects which existed prior to or arose as a result of an occurrence on or before the Purchase Date. E. The Loan File or Credit File contains any Fraudulent Document or inaccuracies regardless of whether or not such Loan is delinquent. For any Loan incapable of being repurchased due to inclusion in a GNMA pool, Seller agrees to comply with the procedures set forth in the ArcHome Arc Seller’s Guide.