Agency Mortgage Loans definition

Agency Mortgage Loans means ▇▇▇▇▇▇ ▇▇▇ Mortgage Loans, ▇▇▇▇▇▇▇ Mac Mortgage Loans, and ▇▇▇▇▇▇ ▇▇▇ Mortgage Loans.

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Agency Mortgage Loans means ▇▇▇▇▇▇ ▇▇▇ Mortgage Loans, ▇▇▇▇▇▇▇ Mac Mortgage Loans, and ▇▇▇▇▇▇ ▇▇▇ Mortgage Loans. For the avoidance of doubt, the term “Agency Mortgage Loans” does not include Agency Scratch and Dent Mortgage Loans. “Agency Program” means the ▇▇▇▇▇▇▇ Mac Program, the ▇▇▇▇▇▇ Mae Program or the ▇▇▇▇▇▇ ▇▇▇ Program, as applicable. “Agency Scratch and Dent Mortgage Loan” means a first lien Mortgage Loan originated by Seller and intended to be originated in accordance with the criteria of ▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ Mac or ▇▇▇▇▇▇ Mae, as applicable, except such Mortgage Loan is not eligible for sale to or pooling with the Agency. “Agent” has the meaning set forth in the preamble. “Aggregate EPF Purchase Price” means as of any date of determination, an amount equal to the aggregate Outstanding Purchase Price (as defined in the Mortgage Loan Participation Purchase and Sale Agreement) for all Participation Certificates (as defined in the Mortgage Loan Participation Purchase and Sale Agreement) then owned by Purchaser under the Mortgage Loan Participation Purchase and Sale Agreement.24 13 The definition of “Affiliate” was amended by Amendment No. 1, dated as of September 24, 2021. 24 The definition of “Aggregate EPF Purchase Price” was amended by Amendment No. 1, dated as of September 24, 2021. 35 The definition of “Aggregate MRA Purchase Price” was amended by Amendment No. 1, dated as of September 24, 2021.

Examples of Agency Mortgage Loans in a sentence

Except with respect to Agency Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a “buydown” provision.
Servicer may only make any claims against an Agency, arising out of or relating to this Agreement or the Agency Mortgage Loans, through Owner.
All Agency Mortgage Loans are in conformity with the Underwriting Guidelines and are eligible for sale to ▇▇▇▇▇▇ Mae or ▇▇▇▇▇▇▇ Mac or for guaranty by ▇▇▇▇▇▇ Mae, the VA or the RHS or for insurance by the FHA, and satisfy all applicable requirements for delivery to the appropriate Agency.
To the extent any Transaction consists of an Agency Mortgage Loan, the applicable Seller Party shall maintain its status with each Agency as set forth in Section 13.a(24) (the “Agency Approvals”) and each Seller Party, as applicable, shall service all such Agency Mortgage Loans which in accordance with the applicable Agency Guide.
Each of the Agency Mortgage Loans complies with the representations and warranties listed in Schedule 1 hereto.
The Buyer shall have the obligation, subject to the terms and conditions of the Repurchase Documents, to enter into Transactions up to the Committed Amount solely with respect to Agency Mortgage Loans, and shall have no obligation to enter into Transactions with respect to the Uncommitted Amount or with respect to Prime Jumbo Mortgage Loans or Non-QM Mortgage Loans, which Transactions shall be entered into in the sole discretion of Buyer.
All Mortgage Loans are in conformity with the Underwriting Guidelines and, with respect to Agency Mortgage Loans, are eligible for sale to ▇▇▇▇▇▇ Mae, ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac or for guaranty by the VA or the RHS or for insurance by the FHA, and satisfy all applicable requirements for delivery to the appropriate Agency.
Except with respect to Agency Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by the applicable Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a “buydown” provision.
Except with respect to Agency Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a "buydown" provision.
Except with respect to Agency Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which monthly payments are paid or partially paid with funds deposited in any separate account established by Sellers, the Mortgagor or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a “buydown” provisions.

More Definitions of Agency Mortgage Loans

Agency Mortgage Loans does not include Agency Scratch and Dent Mortgage Loans. “Agency Program” means the ▇▇▇▇▇▇▇ Mac Program, the ▇▇▇▇▇▇ Mae Program, or the ▇▇▇▇▇▇ ▇▇▇ Program, as applicable. “Agency Scratch and Dent Mortgage Loan” means a first lien Mortgage Loan originated by Seller and intended to be originated in accordance with the criteria of ▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ Mac or ▇▇▇▇▇▇ Mae, as applicable, except such Mortgage Loan is not eligible for sale to or pooling with the Agency. “Agent” means Barclays Bank PLC and its successors in interest, as administrative agent for Purchaser and any additional purchasers that may become a party hereto. “Aggregate EPF Purchase Price” means, as of any date of determination, an amount equal to the aggregate Outstanding Purchase Price for all Participation Certificates then owned by Purchaser and subject to the terms of this Agreement.23 “Aggregate MRA Purchase Price” means as of any date of determination, an amount equal to the aggregate Outstanding Purchase Price (as defined in the Master Repurchase Agreement) for all Purchased Assets (as defined in the Master Repurchase Agreement) then subject to Transactions under the Master Repurchase Agreement.34 “Anticipated Delivery Date” means, with respect to a Security, the date specified in the related Form HUD 11705 (Schedule of Subscribers), ▇▇▇▇▇▇ ▇▇▇ Form 2014 (Delivery Schedule) or ▇▇▇▇▇▇▇ Mac Form 939 (Settlement and Information Multiple Registration Form), as applicable, on which it is anticipated that Delivery of the Security by the Applicable Agency will be made, which date shall occur no more than thirty (30) days following the related Purchase Date. “Applicable Agency” means ▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇ ▇▇▇, or ▇▇▇▇▇▇▇ Mac, as applicable. “Applicable Margin” has the meaning assigned thereto in the Pricing Side Letter. “Appraised Value” means the value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property. “Approvals” means with respect to Seller, the approvals obtained from the Applicable Agency or HUD in designation of Seller as a ▇▇▇▇▇▇ Mae-approved issuer, an FHA- 23 The definition of “Aggregate EPF Purchase Price” was amended by Amendment No. 1, dated as of September 24, 2021. 34 The definition of “Aggregate MRA Purchase Price” was amended by Amendment No. 1, dated as of September 24, 2021.

Agency Mortgage Loans and Nonagency Mortgage Loans are herein referred to as "Mortgage Loans".

Agency Mortgage Loans. Any Mortgage Loan sold to and/or pooled by any Agency to secure or otherwise support any mortgage pass-through security, collateralized mortgage obligation, REMIC or other security issued or guaranteed by such Agency.

Agency Mortgage Loans. Mortgage loans which (i) are eligible to be sold to Federal National Mortgage Association or Federal Home Loan Mortgage Corporation or (ii) qualify to be guaranteed by Government National Mortgage Association.” 1.6 Section 1 of the Guaranty Agreement is hereby amended by inserting the following at the end of such section as new clause (h):