Sub-Servicing Agreements Between Servicer and Sub-Servicers. The Servicer may enter into Sub-Servicing Agreements for any servicing and administration of Home Equity Loans with any institution that is in compliance with the laws of each state necessary to enable it to perform its obligations under such Sub-Servicing Agreement and (x) has (i) been designated an approved seller-servicer by FHLMC or FNMA for second mortgage loans and (ii) has equity of at least $5,000,000, as determined in accordance with generally accepted accounting principles or (y) is a
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Contimortgage Home Equity Loan Trust 1997-1), Pooling and Servicing Agreement (Contimortgage Home Equity Loan Trust 1997-2)
Sub-Servicing Agreements Between Servicer and Sub-Servicers. The Servicer may enter into Sub-Servicing Agreements for any servicing and administration of Home Equity Mortgage Loans with any institution that is in compliance with the laws of each state necessary to enable it to perform its obligations under such Sub-Servicing Agreement and (x) has (i) been designated an approved seller-servicer by FHLMC or FNMA for second mortgage loans and (ii) has equity of at least $5,000,000, as determined in accordance with generally accepted accounting principles or (y) is a
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
Sub-Servicing Agreements Between Servicer and Sub-Servicers. The Servicer may enter into Sub-Servicing Agreements for any servicing and administration of Home Equity Loans with any institution that is in compliance with the laws of each state necessary to enable it to perform its obligations under such Sub-Servicing Agreement and (x) has (i) been designated an approved seller-servicer by FHLMC or FNMA FannieMae for second mortgage loans and (ii) has equity of at least $5,000,000, as determined in accordance with generally accepted accounting principles or (y) is a
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Contimortgage Home Equity Loan Trust 1997-3)
Sub-Servicing Agreements Between Servicer and Sub-Servicers. The Servicer may enter into Sub-Servicing Agreements for any servicing and administration of Home Equity Loans with any institution that is acceptable to the Certificate Insurer and that is in compliance with the laws of each state necessary to enable it to perform its obligations under such Sub-Sub- Servicing Agreement and (x) has (i) been designated an approved seller-servicer by FHLMC or FNMA for second mortgage loans and (ii) has equity of at least $5,000,000, as determined in accordance with generally accepted accounting principles or (y) is a
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Contisecurities Asset Funding Corp)
