TRANSFER OF UNDIVIDED INTEREST. When the Lender sells and conveys to us a participation interest in one or more mortgages, this is a transfer of an undivided interest in each mortgage. The sale and conveyance of the participation interest will have the same force and effect as:
Appears in 4 contracts
Samples: Selling and Servicing (Nationstar Mortgage Holdings Inc.), Walter Investment Management Corp, Selling and Servicing Contract (E Loan Inc)