Examples of Fanxxx Xxe in a sentence
The Company is an approved seller/servicer of conventional residential mortgage loans for Fanxxx Xxe xx Frexxxx Xxc, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans.
The minimum coverage under any such bond and insurance policy shall be acceptable to Fanxxx Xxe or Frexxxx Xxc.
The Mortgage Loans may be subserviced by the Subservicer on behalf of the Company provided that the Subservicer is a Fanxxx Xxe-xxproved lender or a Frexxxx Xxc seller/servicer in good standing, and no event has occurred, including but not limited to a change in insurance coverage, which would make it unable to comply with the eligibility requirements for lenders imposed by Fanxxx Xxe xx for seller/servicers imposed by Frexxxx Xxc, or which would require notification to Fanxxx Xxe xx Frexxxx Xxc.
The Mortgagor is one or more natural persons and/or trustees for an Illinois land trust or a trustee under a “living trust” and such “living trust” is in compliance with Fanxxx Xxe xxidelines for such trusts.
The Servicer is in good standing to service mortgage loans for either Fanxxx Xxe or Frexxxx Xxc.
The Servicer shall withdraw from the Custodial Account funds necessary for the proper operation, management and maintenance of the REO Property, including the cost of maintaining any hazard insurance pursuant to the Fanxxx Xxe Xxides.
Subject to the following paragraph, the Master Servicer will keep in full effect its existence, rights and franchises as a national banking association and shall ensure that it (or an Affiliate) maintains its qualification as an approved conventional seller/servicer for Fanxxx Xxe xx Frexxxx Xxc in good standing.
The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the mortgagee’s consolidated interest or by other title evidence acceptable to Fanxxx Xxe xx Frexxxx Xxc.
The Servicer is an approved seller/servicer of conventional residential mortgage loans for Fanxxx Xxe xx Frexxxx Xxc, with the facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans.
To the extent that any Mortgage Loan is assumable, the Servicer shall inquire diligently into the creditworthiness of the proposed transferee, and shall use the underwriting criteria for approving the credit of the proposed transferee which are used by the Servicer, its affiliates or Fanxxx Xxe xxth respect to underwriting mortgage loans of the same type as the Mortgage Loans.