Covered Mortgage Loans definition

Covered Mortgage Loans. Those Mortgage Loans covered by the Pool Policy.

Examples of Covered Mortgage Loans in a sentence

• The Master Servicer shall take whatever action is appropriate to maximize the amounts payable under the Mortgage Insurance Policy and to service the Covered Mortgage Loans in the manner required by the Mortgage Insurance Policy.

• The Master Servicer shall take whatever action is appropriate to maximize the amounts payable under each Mortgage Insurance Policy and to service the Covered Mortgage Loans in the manner required by the applicable Mortgage Insurance Policy.

• The Servicer shall prepare and file on a timely basis with the Pool Insurer, all claims which may be made under the Pool Policy with respect to the Covered Mortgage Loans.

• The Master Servicer shall enforce the obligations of the Servicer to prepare and file on a timely basis with the Pool Insurer, all claims which may be made under the Pool Policy with respect to the Covered Mortgage Loans.

• The Borrower is an approved seller, servicer, seller/servicer or issuer, as applicable, of mortgage loans for each Agency, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Covered Mortgage Loans.

• So – as a last check of our derivation – we can analyze, whether our derived result violates this goal.

• The Servicer shall, on behalf of the Trust, prepare and file on a timely basis with the Insurer, with a copy to the Securities Administrator, all claims which may be made under the PMI Policy with respect to the related Covered Mortgage Loans.

• The Servicer shall take whatever action is appropriate to maximize the amounts payable under the PMI Policy and to service the Covered Mortgage Loans in the manner required by the PMI Policy.

• The Master Servicer shall take whatever action is appropriate to maximize the amounts payable under the Mortgage Insurance Policies and to service the Covered Mortgage Loans in the manner required by the Mortgage Insurance Policies.

• The Borrower is an approved seller, servicer, seller/servicer or issuer, as applicable, of mortgage loans for Xxxxxx Mae, Xxxxxxx Mac and Xxxxxx Mae (except, in each case, to the extent the Borrower has accomplished (a) a Voluntary Partial Cancellation, or (b) a Voluntary Cancellation with respect to Xxxxxx Xxx), with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Covered Mortgage Loans.