Excluded Mortgages definition

Excluded Mortgages means (i) any Single Family Mortgages sold by GMACM to ▇▇▇▇▇▇ Mae subsequent to June 30, 2010 or delivered into ▇▇▇▇▇▇ ▇▇▇ MBS and having an issue date subsequent to June 30, 2010, (ii) any Single Family Mortgages that would otherwise be Covered Mortgages, that violate anti-predatory laws or statutes or related regulations or that otherwise violate other applicable federal, state, and/or local laws and regulations, (iii) any Single Family Mortgages that have non-curable defects in title to the secured property, such as that the lien of the mortgaged property was not as represented and warranted to ▇▇▇▇▇▇ Mae at the time of delivery, (iv) any Single Family Mortgages that have curable defects in title to the secured property, unless GMACM pays all necessary funds, or takes or causes to be taken any other actions, to cure such title defects, (v) any Single Family Mortgages in which title or ownership of the mortgage loan was defective, (vi) any Single Family Mortgages that would otherwise be Covered Mortgages and that are part of a group of [***] mortgage loans that had one or more perpetrators (whose acts or omissions were fraudulent) in common for the entire group of such mortgage loans (as used in this section, “perpetrator” shall mean an entity or individual involved in the origination, [***] Indicates that text has been omitted which is the subject of a confidential treatment request. This text has been separately filed with the Securities and Exchange Commission sale or servicing of a mortgage loan (including without limitation a borrower, mortgage broker, loan officer, appraiser, title or closing agent, etc.)), and (vii) any Single Family Mortgages that are not in compliance with ▇▇▇▇▇▇ ▇▇▇ Charter Act requirements (including, without limitation, ineligible loans on condotels or impermissible multifamily units, or the absence of required Charter Act credit enhancement) [***]
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Excluded Mortgages means Securitised Mortgages, mortgages under the “One Account”, “First Active”, “Virgin One” or “NatWest One” name or brand, any lifetime mortgages or any RBS CAMs (current account mortgages);
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Excluded Mortgages means the Mortgages set forth on Schedule 4.01(i).
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Examples of Excluded Mortgages in a sentence

  • There are no Excluded Assets other than (i) the Excluded Mortgages and the Excluded Accounts, (ii) cash and cash equivalents and the $50,000 due from officer's, reflected on the Closing Balance Sheet and (iii) minor items of tangible personal property listed on Schedule 2.2 and the vehicle driven by ▇▇▇▇ ▇▇▇▇▇▇▇▇▇.

  • Servicer does not challenge (in accordance with the terms hereof) an Excluded Mortgage Notice, or if ▇▇▇▇▇▇▇ Mac’s determination in the Excluded Mortgage Notice is upheld by the Arbitrator(s), Seller/Servicer shall repurchase and/or pay the make-whole amount(s) for such Excluded Mortgage(s) calculated in accordance with the repurchase provisions set forth in the Purchase Documents.

  • All of Seller's Mortgage Loans and Warehouse Loans (including loans which have closed but not funded), other than the Mortgage Loans and Warehouse Loans (i) reflected on the Closing Balance Sheet and (ii) funded prior to 1/1/97 even if not on the Closing Balance Sheet (collectively the "Excluded Mortgages").

  • This text has been separately filed with the Securities and Exchange Commission Mortgages and the Excluded Mortgages according to the applicable terms.

  • If Seller/Servicer does not submit such a written challenge (together with any applicable non-privileged supporting documentation) within such sixty (60) day period, any and all applicable Settlement Mortgages subject to such Excluded Mortgage Notice shall be conclusively deemed for all purposes to be Excluded Mortgages.

  • Buyer shall have purchased, pursuant to the agreement referred to in Section 16.13, all Excluded Mortgages offered for sale by Seller and that qualify for purchase by Buyer (using Buyer's ordinary standards for loan purchases) and any related liability of Seller to warehouse lenders in respect of such mortgages purchased by Buyer shall be assumed and paid by Buyer.

  • If Seller/Servicer does not give written notice of its intent to arbitrate within the applicable time period, any and all applicable Settlement Mortgages subject to the Excluded Mortgage Notice will be conclusively deemed for all purposes to continue to be characterized as Excluded Mortgages, and ▇▇▇▇▇▇▇ Mac shall be entitled to exercise any and all rights and remedies under the Purchase Documents in connection therewith.


More Definitions of Excluded Mortgages

Excluded Mortgages means: (1) all mortgage loans committed under a long-term standby purchase commitment structure as of the Effective Date or sold to ▇▇▇▇▇▇ ▇▇▇ as a Class 1, 2, 3 or 4 Mortgage Loan either before or after the Effective Date; (2) all reverse mortgages sold to ▇▇▇▇▇▇ Mae; and (3) all mortgage loans included as part of REMIC transaction FNW 2009-W1.
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Excluded Mortgages means (i) any Single Family Mortgages sold by GMACM to Fannie Mae subsequent to June 30, 2010 or delivered into Fannie Mae MBS and having an issue date subsequent to June 30, 2010, (ii) any Single Family Mortgages that would otherwise be Covered Mortgages, that violate anti-predatory laws or statutes or related regulations or that otherwise violate other applicable federal, state, and/or local laws and regulations, (iii) any Single Family Mortgages that have non-curable defects in title to the secured property, such as that the lien of the mortgaged property was not as represented and warranted to Fannie Mae at the time of delivery, (iv) any Single Family Mortgages that have curable defects in title to the secured property, unless GMACM pays all necessary funds, or takes or causes to be taken any other actions, to cure such title defects, (v) any Single Family Mortgages that would otherwise be Covered Mortgages and that are part of a group of [***] mortgage loans that had one or more perpetrators (whose acts or omissions were fraudulent) in common for the entire group of such mortgage loans (as used in this section, "perpetrator" shall mean an entity or individual involved in the origination, sale or servicing of a mortgage loan (including without limitation a borrower, mortgage broker, loan officer, appraiser, title or closing agent, etc.)), and (vii) any Single Family Mortgages that are not in
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