Servicing and Administration of Mortgage Loans. 50 4.1. Servicer and Sub-Servicers.....................................................................50 4.2. Collection of Certain Mortgage Loan Payments...................................................51 4.3. Sub-Servicing Agreements Between Servicer and Sub-Servicers....................................52 4.4. Successor Sub-Servicers........................................................................52 4.5.
Servicing and Administration of Mortgage Loans. Section 8.01 Master Servicer and Sub-Servicers. Acting directly or through one or more Sub-Servicers as provided in Section 8.03, the Master Servicer shall service and administer the Mortgage Loans as described below and with reasonable care, and using that degree of skill and attention that the Master Servicer exercises with respect to comparable mortgage loans that it services for itself or others (the "Servicing Standard"), and shall have full power and authority, acting alone, to do or cause to be done any and all things in connection with such servicing and administration which it may deem necessary or desirable. In performing such servicing functions the Master Servicer shall (i) take into account the non-conforming credit quality of the Mortgagors under the Mortgage Loans, (ii) follow the policies and procedures that it would apply to similar loans held for its own account, unless such policies and procedures are not generally in accordance with standard industry practices, in which case the Master Servicer shall service the loans generally in accordance with standard industry practices applicable to servicing similar loans, and (iii) comply with all applicable laws and follow collection practices with respect to the related Mortgage Loans that are in all material respects legal, proper and prudent. Each of CSC and Fairbanks currently uses the FNMA Guide and the BFC Investor Guide as its servicing manual. To the extent the Master Servicer enters into a Sub-Servicing Agreement with any additional servicer pursuant to Section 8.03 of this Agreement, the Master Servicer shall provide the Certificate Insurer with a copy of the servicing manual or procedures for each additional Sub-Servicer within thirty days from the date of such Sub-Servicing Agreement. Subject to Section 8.03 hereof, the Master Servicer may, and is hereby authorized to, perform any of its servicing responsibilities with respect to all or certain of the Mortgage Loans through a Sub-Servicer as it may from time to time designate, but no such designation of a Sub-Servicer shall serve to release the Master Servicer from any of its obligations under this Agreement. Subject to the related Sub-Servicing Agreement, such Sub-Servicer shall have all the rights and powers of the Master Servicer with respect to such Mortgage Loans under this Agreement. Without limiting the generality of the foregoing, but subject to Sections 8.13 and 8.14, the Master Servicer in its own name or in the name of a S...
Servicing and Administration of Mortgage Loans. 86 Section 8.01
Servicing and Administration of Mortgage Loans. 83 Section 8.01 Servicer and Subservicers.............................................................83 Section 8.02 Collection of Certain Mortgage Loan Payments..........................................84 Section 8.03
Servicing and Administration of Mortgage Loans. Section 8.01 Master Servicer and Sub-Servicers..............82 Section 8.02
Servicing and Administration of Mortgage Loans. 63 8.1. Servicer and Sub-Servicers. . . . . . . . . . . . . . . . . . 63 8.2. Collection of Certain Mortgage Loan Payments. . . . . . . . . 64 8.3. Sub-Servicing Agreements Between Servicer and Sub-Servicers . 64 8.4. Successor Sub-Servicers . . . . . . . . . . . . . . . . . . . 65 8.5.
Servicing and Administration of Mortgage Loans. 23 Section 4.1. Master Servicer and Sub-Servicers .......................... 23 Section 4.2. Modifications .............................................. 25 Section 4.3. Servicer Report ............................................ 27 Section 4.4.
Servicing and Administration of Mortgage Loans. 39 Section 4.1. Master Servicer and Sub-Servicers. . . . . . . . . . . . . . . . . . . . . . . . . 39 Section 4.2. Collection of Certain Mortgage Loan Payments . . . . . . . . . . . . . . . . . . . 42
Servicing and Administration of Mortgage Loans. 11 Section 4.1. General Servicing Procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Section 4.2 [Reserved]. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Section 4.3 Subservicing Agreements Between Servicer and Subservicers . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Section 4.4
Servicing and Administration of Mortgage Loans
