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 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 an Affiliate a Subsidiary 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 (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 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 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 Originator in, to and under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is an Affiliate of the Seller Borrower has been sold, transferred, conveyed and assigned to the Seller Borrower pursuant to a legal sale and such Qualified Originator retains no interest in such Mortgage Loan, and if so requested by the BuyerLender, such sale is covered by an opinion of counsel to that effect in form and substance acceptable to the BuyerLender.
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 or seller which is an Affiliate of the Seller has been sold, transferred, conveyed and assigned to the Seller applicable Borrower pursuant to a legal sale and such Qualified Originator retains no interest in such Mortgage 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 5 contracts
Samples: Warehouse Loan and Security Agreement (Aames Financial Corp/De), Warehouse Loan and Security Agreement (Aames Financial Corp/De), Warehouse Loan and Security Agreement (Aames 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 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 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 an Affiliate of the Seller 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 BuyerPurchaser, such sale is covered by an opinion of counsel to that effect in form and substance acceptable to the BuyerPurchaser.
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 toand under any Mortgage funded in the name of or acquired by such Qualified Originator or seller which is an Affiliate of the Seller Borrower has been sold, transferred, conveyed and assigned to the Seller Borrower pursuant to a legal sale and such Qualified Originator retains no interest in such Mortgage Loan, and if so requested by the BuyerLender, such sale is covered by an opinion of counsel to that effect in form and substance acceptable to the BuyerLender.
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 an Affiliate of the Seller Borrower has been sold, transferred, conveyed and assigned to the Seller Borrower pursuant to a legal sale and such Qualified Originator retains no interest in such Mortgage 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 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 an Affiliate of the Seller Borrower has been sold, transferred, conveyed and assigned to the Seller Borrower pursuant to a legal sale and such Qualified Originator retains no interest in such Mortgage 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 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 an Affiliate of the Seller 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 BuyerPurchaser, such sale is covered by an opinion of counsel to that effect in form and substance acceptable to the BuyerPurchaser.
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 Contract or Mortgage Loan funded in the name of or acquired by such Qualified Originator or seller which is an Affiliate of the Seller Borrower has been sold, transferred, conveyed and assigned to the Seller 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 BuyerLender, such sale is covered by an opinion of counsel to that effect in form and substance acceptable to the BuyerLender.
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 or seller which is 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 BuyerBuyer 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 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 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 1 contract
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 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 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 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.. (t)
Appears in 1 contract
Samples: Master Repurchase Agreement
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 an Affiliate of the Seller Borrower has been sold, transferred, conveyed and assigned to the Seller Borrower pursuant to a legal sale and such Qualified Originator retains no interest in such Mortgage Loan, and if so requested by the BuyerLender, such sale is covered by an opinion of counsel to that effect in form and substance acceptable to the BuyerLender.
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 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)
