Examples of Acquired Mortgage in a sentence
If there is an unremedied breach of any representation and/or warranty in relation to any Acquired Mortgage Loan or the Loan Security, the relevant Originator will be obliged to re-acquire such Acquired Mortgage Loan and the Loan Security from the Issuer for an aggregate amount equal to (i) the principal amount outstanding under the Acquired Mortgage Loan on the date of payment of the repurchase price and (ii) the interest accrued thereon but unpaid to (but excluding) such date.
The PFI has not, and in the case of any Acquired Mortgage, no prior servicer or holder of any interest in such Mortgage has, made or knowingly received from others, any direct or indirect advance of funds in connection with the loan transaction on behalf of the Borrower except as provided in the Guides.
The PFI and, in the case of any Acquired Mortgage, every prior holder and servicer of the Mortgage has complied with all Applicable Laws in connection with the Mortgage.
The PFI has, and in the case of any Acquired Mortgage, every prior holder of any interest in such Mortgage or prior servicer has, full power and authority to originate, purchase, sell and service the Mortgage, and each has duly authorized the origination or purchase and sale and servicing of the Mortgage.
With respect to any repurchased Acquired Mortgage Loans, the parties may agree that a Substitute Loan is sold to the Issuer on the terms and conditions of the Transfer and Servicing Agreement.
The PFI has not, and in the case of any Acquired Mortgage, no prior holder of any interest in such Mortgage or prior servicer has, granted to any Person other than the Bank any interest in the Mortgage or the right to fund or hold the Mortgage, or any interest therein except as authorized in this Contract.
The origination and collection practices relating to the Mortgage used by the PFI, and in the case of any Acquired Mortgage, all prior servicers and holders of such Mortgage, have been legal, proper, prudent and customary in origination and servicing of residential first mortgage loans.
When customers receive pre- sales service from a traditional retailer and then leave the store to purchase at a lower price through the Internet channel, the Internet channel is free-riding on the efforts of the traditional channel.
The effective suppression of RFI depends on the INR and its temporal and spectral characteristics.
All of the other authorities have higher levels of investment balances than debt.