True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator which is a Subsidiary of Seller has been sold, transferred, conveyed and assigned to Seller pursuant to a legal sale and such Qualified Originator retains no interest in such Loan.
Appears in 13 contracts
Samples: Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.)
True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary an Affiliate of the Seller has been sold, transferred, conveyed and assigned to the Seller pursuant to a legal sale and such Qualified Originator retains no interest in such Loan, and if so requested by the Buyer, such sale is covered by an opinion of counsel to that effect in form and substance acceptable to the Buyer.
Appears in 13 contracts
Samples: Master Repurchase Agreement (Home Point Capital Inc.), Master Repurchase Agreement (Home Point Capital Inc.), Master Repurchase Agreement (Home Point Capital Inc.)
True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary an Affiliate of Seller has been sold, transferred, conveyed and assigned to Seller pursuant to a legal sale and such Qualified Originator retains no interest in such Loan, and if so requested by Buyer, such sale is covered by an opinion of counsel to that effect in form and substance acceptable to Buyer.
Appears in 8 contracts
Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (Walter Investment Management Corp), Master Repurchase Agreement (Walter Investment Management Corp)
True Sales. Any and all interest of a Qualified the applicable Approved Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator which is a Subsidiary of Seller Purchased Loan has been sold, transferred, conveyed and assigned directly to such Seller pursuant to a legal sale and such Qualified the applicable Approved Originator retains no interest in such Purchased Loan.
Appears in 6 contracts
Samples: Master Repurchase Agreement (Angel Oak Mortgage REIT, Inc.), Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (Angel Oak Mortgage REIT, Inc.)
True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary an Affiliate of Seller the Borrower has been sold, transferred, conveyed and assigned to Seller the Borrower pursuant to a legal sale and such Qualified Originator retains no interest in such Mortgage Loan, and if so requested by the Lender, is covered by an opinion of counsel to that effect in form and substance acceptable to the Lender.
Appears in 6 contracts
Samples: Master Loan and Security Agreement (Aames Investment Corp), Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (MortgageIT Holdings, Inc.)
True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator which is a Subsidiary of Seller has been sold, transferred, conveyed and assigned to Seller the applicable Borrower pursuant to a legal sale and such Qualified Originator retains no interest in such Mortgage Loan.
Appears in 5 contracts
Samples: Warehouse Loan and Security Agreement (Aames Financial Corp/De), Warehouse Loan and Security Agreement (Aames Investment Corp), Warehouse Loan and Security Agreement (Aames Financial Corp/De)
True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary an Affiliate of the Seller has been sold, transferred, conveyed and assigned to the Seller pursuant to a legal sale and such Qualified Originator retains no interest in such Loan.
Appears in 3 contracts
Samples: Master Repurchase Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC), Master Repurchase Agreement (Spirit Finance Corp), Master Repurchase Agreement (Spirit Finance Corp)
True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary Affiliate of Seller the Borrower has been sold, transferred, conveyed and assigned to Seller the Borrower pursuant to a legal sale and such Qualified Originator retains no interest in such Mortgage Loan.
Appears in 1 contract
Samples: Master Loan and Security Agreement (New Century Financial Corp)
True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary an Affiliate of the Seller has been sold, transferred, conveyed and assigned to the Seller pursuant to a legal sale and such Qualified Originator retains no interest in such Loan, and if so requested by the Buyer, such sale is covered by an opinion of counsel to that effect in form and substance reasonably acceptable to the Buyer.
Appears in 1 contract
Samples: Master Repurchase Agreement (American Home Mortgage Investment Corp)
True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary an Affiliate of Seller the Borrower has been sold, transferred, conveyed and assigned to Seller the Borrower pursuant to a legal sale and such Qualified Originator retains no interest in such Mortgage Loan.
Appears in 1 contract
Samples: Master Loan and Security Agreement (New Century Financial Corp)
True Sales. Any and all interest of a Qualified Originator in, to and under any Contract or Mortgage Loan funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary an Affiliate of Seller the Borrower has been sold, transferred, conveyed and assigned to Seller the Borrower pursuant to a legal sale and such Qualified Originator retains no interest in such Contract or Mortgage Loan, and if so requested by the Lender, is covered by an opinion of counsel to that effect in form and substance acceptable to the Lender.
Appears in 1 contract
Samples: Master Loan and Security Agreement (Fleetwood Enterprises Inc/De/)
True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator which is a Subsidiary of Seller has been sold, transferred, conveyed and assigned to Seller pursuant to a legal sale and such Qualified Originator retains no interest in such Loan.. US_ACTIVE\126495096\V-12
Appears in 1 contract
Samples: Master Repurchase Agreement (Rocket Companies, Inc.)
True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary an Affiliate of Seller has been sold, transferred, conveyed and assigned to Seller pursuant to a legal sale and such Qualified Originator retains no interest in such Loan.
Appears in 1 contract
True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary an Affiliate of Seller the Purchaser has been sold, transferred, conveyed and assigned to the Seller pursuant to a legal sale and such Qualified Originator retains no legal or equitable interest in such Mortgage Loan, and if so requested by the Purchaser, is covered by an opinion of counsel to that effect in form and substance acceptable to the Purchaser.
Appears in 1 contract
Samples: Asset Purchase Agreement (American Business Financial Services Inc /De/)
True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary an Affiliate of Seller the Purchaser has been sold, transferred, conveyed and assigned to the Seller pursuant to a legal sale and such Qualified Originator retains no interest in such Mortgage Loan, and if so requested by the Purchaser, is covered by an opinion of counsel to that effect in form and substance acceptable to the Purchaser.
Appears in 1 contract
Samples: Asset Purchase Agreement (American Business Financial Services Inc /De/)
True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary an Affiliate of Seller has been sold, transferred, conveyed and assigned to Seller pursuant to a legal sale and such Qualified Originator retains no interest in such Loan., and if so requested by Buyer, such sale is covered by an opinion of counsel to that effect in form and substance acceptable to Buyer. (t)
Appears in 1 contract
Samples: Master Repurchase Agreement
True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage Loan funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary an Affiliate of Seller has been sold, transferred, conveyed and assigned to Seller pursuant to a legal sale and such Qualified Originator retains no interest in such Loan, and if so requested by Buyer, such sale is covered by an opinion of counsel to that effect in form and substance acceptable to Buyer.
Appears in 1 contract
True Sales. Any and all interest of a Qualified Originator in, to and toand under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary an Affiliate of Seller the Borrower has been sold, transferred, conveyed and assigned to Seller the Borrower pursuant to a legal sale and such Qualified Originator retains no interest in such Mortgage Loan, and if so requested by the Lender, is covered by an opinion of counsel to that effect in form and substance acceptable to the Lender.
Appears in 1 contract
Samples: Master Loan and Security Agreement (Aames Financial Corp/De)
True Sales. Any and all interest of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary an Affiliate of the Seller has been sold, transferred, conveyed and assigned to the Seller pursuant to a legal sale and such Qualified Originator retains no interest in such Loan, and if so requested by the Buyer with reasonable discretion, such sale is covered by an opinion of counsel to that effect in form and substance acceptable to the Buyer.
Appears in 1 contract
True Sales. Any and all interest interests of a Qualified Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is a Subsidiary an Affiliate of Seller the Borrower has been sold, transferred, conveyed and assigned to Seller the Borrower pursuant to a legal sale and such Qualified Originator retains no interest in such Mortgage Loan, and if so requested by the Lender, is covered by an opinion of counsel to that effect in form and substance acceptable to the Lender.
Appears in 1 contract
Samples: Master Loan and Security Agreement (New Century Financial Corp)
