Servicing Performance. Prior to the purchase date, the Mortgage has been properly serviced in accordance with all applicable FHLB Guidelines, all applicable laws, the terms of the Mortgage, mortgage note and related Mortgage Documents. With respect to escrow deposits and Escrow Payments, all such payments are in the possession of the PFI and there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been made. All Escrow Payments have been collected in full compliance with all applicable laws. An escrow of funds has been established in an amount sufficient to pay for every item which remains unpaid and which has been assessed but is not yet due and payable. No escrow deposits or Escrow Payments or other charges or payments due the PFI have been capitalized under the Mortgage or the mortgage note included in the Mortgage.
Servicing Performance. Prior to the Acquisition Date, the Mortgage Loan has been properly serviced in accordance with all applicable laws, the terms of the Mortgage, Mortgage Note and related documents. With respect to escrow deposits and escrow payments, all such payments are in the possession of Seller and there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been made. All escrow payments have been collected in full compliance with all applicable laws, the Agreement and any applicable Takeout Commitment. An escrow of funds has been established in an amount sufficient to pay for every item which remains unpaid and which has been assessed but is not yet due and payable. No escrow deposits or escrow payments or other charges or payments due Seller have been capitalized under the Mortgage or the Mortgage Note. All mortgage payment and mortgage interest rate adjustments and notices thereof have been made in strict compliance with all applicable laws and the terms of the related Mortgage Note and any applicable riders or modifications to the Mortgage Note. Any interest required to be paid pursuant to all applicable laws has been properly paid and credited. All taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments, ground rents relating to the Mortgage Loan have been paid to the extent such items are required to be paid pursuant to prudent mortgage banking standards and as herein provided.
Servicing Performance. 1. Average time from when Eligible Borrower submits all documentation required in the Documentation Requirements of Section “V.B.4” until a modification decision is mailed; and
Servicing Performance. Borrowers will, and will cause each Subsidiary and each servicer of Student Loans in which it or any Subsidiary has an ownership interest to maintain annual error rates applicable to its servicing of Student Loans lower than the DOE thresholds which would reduce the guarantee applicable to such Student Loans to an amount below ninety-eight percent (98%).
Servicing Performance. Has the guarantee applicable to any Student Loans owned or by either Borrower or any Subsidiary been reduced below 98%? Yes No ------ ----------------------------------------------------------------------------- ----- ----- ----- 4. SECTION 8.5
Servicing Performance. Has the guarantee applicable to any Student Loans owned or by either Borrower or any Subsidiary been reduced below 98%? Yes No
Servicing Performance. The Borrower will, and will cause each of its Subsidiaries to, not permit the percentage of student loans that are no longer entitled to the U.S. Government guarantees under applicable Department of Education thresholds at any date to exceed 2% of the aggregate student loan portfolio held by the Borrower and its Subsidiaries (including all Securitization Subsidiaries).
