Special Feature Code Sample Clauses

Special Feature Code. For all Mortgages originated under these terms and conditions, Lender is required to enter Special Feature Code “480” on the Loan Schedule (Form 1068) or Schedule of Mortgages (Form 2005). ATTACHMENT A MyCommunityMortgage Pilot Eligibility Matrix Product Option Loan Type Purpose Occupancy Other Property Owned Non-Occupant Co-borrower Units/Type Maximum LTV Maximum CLTV Borrower Income Subordinate Financing MI Coverage Community 97 Fixed-Rate Mortgage, 7/1 or 10/1 ARMS (no ARMS where EEM guidelines used) PMM or No Cash-Out Refinance (Existing UPB of first mortgage rounded to the nearest $100) Owner-Occupied None Not Allowed 97 %** 105 % If borrower income exceeds area median income limitations, verify property is in a FannieNeighbors location through Xxxxxx Mae’s geocoding service through xxxxxxxxxx.xxx Must meet Community Seconds guidelines For SMC-Eligible = 35% For SMC-lneligible = 35% for LTVs of over 90-100% 30% for LTVs of over 85-90% 25% for LTVs of over 80-85% Community 100 One Unit* 100 % Community 100 Plus Community 2-Family 2 Units 95 % * Includes condos, PUDs, manufactured housing. Coops allowed for Community 97 only. Provided, however, where EEM guidelines used, no manufactured housing and no coops allowed. ** 90% for coops August 2002 Xxxxxx Mae
Sample 1
AutoNDA by SimpleDocs
Special Feature Code. For all Mortgages originated under these terms and conditions, Lender is required to enter Special Feature Code “481” on the Loan Schedule (Form 1068) or Schedule of Mortgages (Form 2005). For Cash deliveries, the Loan Schedule must be transmitted electronically through the MORNET Cash Delivery System”. For MBS deliveries, the Schedule of Mortgages must be submitted through the MORNET MBS Pool Submission System®. Attachment A MyCommunityMortgage Pilot Community Solutions 97, Community Solutions 100, and Community Solutions 2-Family Products Eligibility Matrix Product Option Loan Type Purpose Occupancy Other Property Owned Non-Occupant Co- borrower Units Maximum LTV Maximum CLTV Borrower Income Subordinate Financing Community Solutions 97 Fixed-Rate Mortgage, 7/1 or 10/1 ARMS PMM or No Cash-Out Refinance (Existing UPB of first mortgage rounded to the nearest $100) One Unit 97% (90% for cooperatives) If borrower income exceeds area median income limitations, verify property is in a FannieNeighbors location through Xxxxxx Mae’s geocoding service through xxxxxxxxxx.xxx Must meet Community Seconds guidelines Community Solutions 100 Owner-Occupied None Not Allowed 100% 105% Community Solutions 2-Family 2 Units 95% March 2003 Xxxxxx Mae
Sample 1
Special Feature Code. For all Mortgages originated under these terms and conditions, Lender is required to enter Special Feature Code “480” on the Loan Schedule (Form 1068) or Schedule of Mortgages (Form 2005). Attachment A MyCommunityMortgage Pilot Eligibility Matrix Product Option Loan Type Purpose Occupancy Other Property Owned Non-Occupant Co-borrower Units/Type Maximum LTV ** Maximum CLTV Borrower Income Subordinate Financing MI Coverage Community 97 Fixed-Rate Mortgage, 7/1 or 10/1 ARMS (no ARMS where EEM guidelines used) PMM or No Cash- Out Refinance (Existing UPB of first mortgage rounded to the nearest $100) One Unit* 97% If borrower income exceeds area median income limitations, verify property is in a FannieNeighbors location through Xxxxxx Mae’s geocoding service through xxxxxxxxxx.xxx Must meet Community Seconds guidelines 35% Community 100 100% Community 100 Plus Owner- Occupied None Not Allowed 95% 105% Community 2-Family 2 Units * Includes condos, PUDs, manufactured housing. Provided, however, where EEM guidelines used, no manufactured housing allowed. ** Minimum LTV must exceed 90%. March 2003 Xxxxxx Xxx MyCommunityMortgage™; Community 97 Terms and Conditions The following terms and conditions apply to certain Mortgages (described below), which are eligible for purchase for cash or MBS under Xxxxxx Mae’s MyCommunityMortgage™ pilot (“MyCommunityMortgage”) for the Community 97™ option. The term “Lender” refers to the Xxxxxx Xxx seller/servicer to which these terms and conditions are being issued. Except as provided herein, all other requirements of the Selling Guide (as updated) must be followed.
Sample 1
Special Feature Code. For all Mortgages originated under these terms and conditions, Lender is required to enter Special Feature Code “481” on the Loan Schedule (Form 1068) or Schedule of Mortgages (Form 2005). ForCash deliveries, the Loan Schedule must be transmitted electronically through the MORNET Cash Delivery System”. For MBS deliveries, the Schedule of Mortgages must be submitted through the MORNET MBS Pool Submission System®. ATTACHMENT A MyCommunityMortgage Pilot Community Solutions 97, Community Solutions 100, and Community Solutions 2-Family Products Eligibility Matrix Product Option Loan Type Purpose Occupancy Other Property Owned Non-Occupant Co-borrower Units Maximum LTV Maximum CLTV Borrower Income Subordinate Financing MI Coverage Temporary Interest Rate Buydown Community Solutions 97 Fixed-Rate Mortgage, 7/1 or 10/1 ARMS PMM or No Cash Out Refinance (Existing UPB of first mortgage rounded to the nearest $100) Owner-Occupied None Not Allowed One Unit 97% (90% for cooperatives) 105 % If borrower income exceeds area median income limitations, verify property is in a FannieNeighbors location through Xxxxxx Mae’s geocoding service through xxxxxxxxxx.xxx Must meet Community Seconds guidelines For SMC-Eligible = 35% for all LTVs For non-SMC=35% for LTVs of over 90-100% 30% for LTVs of over 85-90% 25% for LTVs of over 80-85% 1/2% over three years Community Solutions 100 100 % Community Solutions 2-Family 2 Units 95 % [LETTERHEAD OF FANNIEMAE] December 5, 2002 Xx. Xxxxxxx X. Leddy Executive Vice President (Crescent Mortgage) Crescent Bank and Trust Company South Terraces, Suite 285 000 Xxxxxxxxx Xxxxxx Xxxxx Xxxxxxx, XX 00000 Subject Master Agreement No: MA02373.2 Master Agreement Amendment No.: Amendment 21 Lender No.: 00000-000-0 Dear Xx. Xxxxx: By execution of this Letter Agreement, Xxxxxx Mae (“Xxxxxx Xxx”) and Crescent Bank and Trust Company (the “Lender”) agree to amend the above-referenced Master Agreement and Contract (if applicable). The amended terms and conditions are set forth in the amended pages to the Master Agreement and (if applicable) the Contract attached to this Letter Agreement. The attachments should be inserted into the Lender’s Master Agreement binder as described below. Capitalized terms used but not defined in this Letter Agreement shall have the meanings set forth in the Master Agreement. For your convenience, we have summarized the amended terms and conditions below. However, the summary set forth below is for reference purposes only. The Len...
Sample 1

Related to Special Feature Code

  • Incorporation of Software Code I agree that I will not incorporate into any Company software or otherwise deliver to Company any software code licensed under the GNU General Public License or Lesser General Public License or any other license that, by its terms, requires or conditions the use or distribution of such code on the disclosure, licensing, or distribution of any source code owned or licensed by Company except in strict compliance with Company’s policies regarding the use of such software.

  • Other Error Correction Principles For the avoidance of doubt, a gain in one fund may not be used to offset dilution in another fund resulting from the same (or unrelated)

  • Service Level Standards The parties agree to negotiate in good faith certain service level standards that, once agreed upon, will be incorporated into this Agreement subsequent to the effective date of the Agreement.

  • Software Warranty NETGEAR warrants to the end-user that each item of Software, as delivered or updated by NETGEAR and properly installed and operated on the Hardware or other equipment it is originally licensed for, will function substantially as described in its then-current user documentation during its respective warranty period. If any item of Software fails to so perform during its warranty period, as the sole remedy NETGEAR or NETGEAR's supplier will at its discretion provide a suitable fix, patch or workaround for the problem which may be included in a future revision of the Software. For specific Software which is distributed by NETGEAR as a licensee of third parties, additional warranty terms offered by such third parties to end-users may apply.

  • NAV Error Policy Definitions

  • Window Coverings No curtains, draperies, blinds, shutters, shades, awnings, screens or other coverings, window ventilators, hangings, decorations or similar equipment shall be attached to, hung or placed in, or used in or with any window of the Building without the prior written consent of Landlord, and Landlord shall have the right to control all lighting within the Premises that may be visible from the exterior of the Building.

  • Public Liability and Property Damage Insurance LESSEE will carry and maintain in effect, at its own expense, with Approved Insurers, public liability insurance (including, without limitation, contractual liability, and passenger legal liability), and property damage insurance with respect to the Aircraft, in amounts per occurrence of not less than the Minimum Liability Coverage, or such greater amounts as LESSEE may carry from time to time on other similar aircraft in its fleet. LESSEE shall not discriminate against the Aircraft in providing such insurance. Each and any policy of insurance carried in accordance with this Subsection (A), and each and any policy obtained in substitution or replacement for any of such policies, (i) shall designate each Indemnitee as additional insureds as their interests may appear (but without imposing upon any obligation imposed upon the insured, including, without limitation, the liability to pay any premiums for any such policies, but the Indemnitees shall have the right to pay such premiums if it shall so elect), and (ii) shall expressly provide that, in respect of the interests of the Indemnitees in such policies, the insurance shall not be invalidated by any action or inaction of the LESSEE or any other Person (other than the Indemnitees, each for their respective interests), and shall insure, regardless of any breach or violation by LESSEE or any other Person (other than the Indemnitees, each for their respective interests) of any warranty, declaration or condition contained in such policies, (iii) shall provide that if such insurance is canceled for any reason whatsoever, or is adversely changed in any way with respect to the interests of the Indemnitees, or if such insurance is allowed to lapse for nonpayment of premium, such cancellation, change or lapse shall not be effective as to the Indemnitees for thirty (30) days (seven (7) days in the case of any war risks and allied perils coverage or such lesser time which may be standard in the insurance industry and ten (10) days in the event of nonpayment of premium), in each instance, after receipt by each of the Indemnitees of written notice by such insurer or insurers sent to the Indemnitees of such prospective cancellation, change or lapse, (iv) shall include coverage for any country in which the Aircraft is located, (v) shall provide that, as against the Indemnitees, the insurer shall waive any rights of set-off, counterclaim or any other deduction, whether by attachment or otherwise, and waives any rights it may have to be subrogated to any right of any insured against the Indemnitees, with respect to the Aircraft, (vi) shall provide war risk and allied perils coverage pursuant to the AVN52 extended coverage endorsement or its equivalent, and (vii) shall insure (to the extent of the risks covered by the policies) the indemnity provisions of Section 14. Each liability policy shall be primary without right of contribution from any other insurance which may be carried by any Indemnitee, and shall expressly provide that all of the provisions thereof (except the limits of liability) shall operate in the same manner as if there were a separate policy covering each insured. No liability policy shall permit any deductible or self-insurance provision except for baggage as is customary in the industry and such other deductibles only with the consent of the LESSOR, which consent shall not be unreasonably withheld or delayed, which from time to time LESSEE can demonstrate are standard in comprehensive liability insurance and, in particular, public liability risks (including, inter alia, contractual liability and passenger liability coverage) for U.S. Air Carriers in the then current United States insurance market.

  • Public Liability Insurance Tenant shall during the term hereof keep in full force and effect at its expense a policy or policies of public liability insurance with respect to the Premises and the business of Tenant, on terms and with companies approved in writing by Landlord, in which both Tenant and Landlord shall be covered by being named as insured parties under reasonable limits of liability not less than $1,000,000, or such greater coverage as Landlord may reasonably require, combined single limit coverage for injury or death. Such policy or policies shall provide that thirty (30) days' written notice must be given to Landlord prior to cancellation thereof. Tenant shall furnish evidence satisfactory to Landlord at the time this Lease is executed that such coverage is in full force and effect.

  • Listing and Maintenance Requirements; DTC Eligibility As of the Closing Date, the Common Stock is registered pursuant to Section 12(b) of the Exchange Act, and the Company has taken no action designed to, or which to its Knowledge is likely to have the effect of, terminating the registration of the Common Stock under the Exchange Act, nor has the Company received any notification that the Commission is contemplating terminating such registration. As of the Closing Date, the Company has not received notice from the Trading Market or any Eligible Market on which the Common Stock is or has been listed or quoted to the effect that the Company is not in compliance with the listing or maintenance requirements of such Trading Market or Eligible Market, as applicable. As of the Closing Date, the Company is in compliance with all such listing and maintenance requirements. The Common Stock is eligible for participation in the DTC book entry system and has shares on deposit at DTC for transfer electronically to third parties via DTC through its Deposit/Withdrawal at Custodian (“DWAC”) delivery system. The Company has not received notice from DTC to the effect that a suspension of, or restriction on, accepting additional deposits of the Common Stock, electronic trading or book-entry services by DTC with respect to the Common Stock is being imposed or is contemplated.

  • Insurance and Risk of Loss All risk of loss, damage to or destruction of the Collateral shall at all times be on Debtor. Debtor will procure forthwith and maintain at Debtor's expense insurance against all risks of loss or physical damage to the Collateral for the full insurable value thereof for the life of this Security Agreement plus breach of warranty insurance and such other insurance thereon in amounts and against such risks as Secured Party may specify, and shall promptly deliver each policy to Secured Party with a standard long-form mortgagee endorsement attached thereto showing loss payable to Secured Party; and providing Secured Party with not less than 30 days written notice of cancellation; each such policy shall be in form, terms and amount and with insurance carriers satisfactory to Secured Party; Secured Party's acceptance of policies in lesser amounts or risks shall not be a waiver of Debtor's foregoing obligations. As to Secured Party's interest in such policy, no act or omission of Debtor or any of its officers, agents, employees or representatives shall affect the obligations of the insurer to pay the full amount of any loss. Debtor hereby assigns to Secured Party any monies which may become payable under any such policy of insurance and irrevocably constitutes and appoints Secured Party as Debtor's attorney in fact (a) to hold each original insurance policy, (b) to make, settle and adjust claims under each policy of insurance, (c) to make claims for any monies which may become payable under such and other insurance on the Collateral including returned or unearned premiums, and (d) to endorse Debtor's name on any check, draft or other instrument received in payment of claims or returned or unearned premiums under each policy and to apply the funds to the payment of the indebtedness owing to Secured Party; provided, however, Secured Party is under no obligation to do any of the foregoing. Should Debtor fail to furnish such insurance policy to Secured Party, or to maintain such policy in full force, or to pay any premium in whole or in part relating thereto, then Secured Party, without waiving or releasing any default or obligation by Debtor, may (but shall be under no obligation to) obtain and maintain insurance and pay the premium therefor on behalf of Debtor and charge the premium to Debtor's indebtedness under this Security Agreement. The full amount of any such premium paid by Secured Party shall be payable by Debtor upon demand, and failure to pay same shall constitute an event of default under this Security Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.