Conforming Loan definition
Examples of Conforming Loan in a sentence
The representations and warranties set forth in Section 5.02 above are the sole and exclusive representations and warranties made by the Program Lender, its representatives, agents, officers, directors and other employees, with respect to this Agreement, any Pool Supplement, any Bank of America GATE Conforming Loan, any obligor, and the sale of any Bank of America GATE Conforming Loan to the Purchaser Trust hereunder or otherwise.
To the extent that any Alt-A Loan Hedge Report or Conforming Loan Hedge Report reflects a weighted average purchase price (expressed as a percentage of par) less than 100% of par, (A) the Servicer shall, with effect from such date and on an ongoing basis, prepare and provide to the Borrower and the Collateral Agent such report(s) on the close of business on each Business Day, and (B) the Collateral Agent shall accordingly adjust the Collateral Value of the Mortgage Loans identified in such report.
Program Lender shall be entitled at any time and from time to time, in its sole discretion, to sell a Seasoned Loan to a third party or to retain a Bank of America GATE Conforming Loan, in whole or in part, for its own account, in the event that FMC or its designee is unable to or fails to acquire such Seasoned Loan [**].
The representations and warranties set forth in Section 5.02 above are the sole and exclusive representations and warranties made by the Program Lender, its representatives, agents, officers, directors and other employees, with respect to this Agreement, any Pool Supplement, any CFS Conforming Loan, any obligor, and the sale of any CFS Conforming Loan to the Purchaser Trust hereunder or otherwise.
By their purchase of CFS Notes, FMC, and all Purchaser Trusts, shall assume no liability, responsibility or obligation with respect to any disbursements or reimbursements that are due and owing, or which are, or may be alleged to be due and owing, by Program Lender to any Participating Institution or to any CFS Conforming Loan borrower by reason of the CFS Conforming Loans originated by Program Lender included in the Pool evidenced by the CFS Notes.