FHFA SCP List definition

FHFA SCP List means the Suspended Counterparty List maintained by the FHFA which is currently published at xxxxx://xxx.xxxx.xxx/SupervisionRegulation/LegalDocuments/suspendedcounterpartyprogram.
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Examples of FHFA SCP List in a sentence

  • The Seller/Servicer currently maintains sufficient procedures and will at all times maintain sufficient procedures to ensure that it does not employ or contract with individuals or entities whose names appear on the FHFA SCP List for any purpose directly related to the origination, underwriting or Servicing of a Mortgage to be sold to or sold to and currently held by Freddie Mac in accordance with 2.24.

  • Freddie Mac will not purchase any Mortgage nor allow or approve any Transfer of Ownership under Chapters 41 or 41SBL, or approve any other Servicing-related transaction, in which any Borrower, Borrower Principal or property management company is a Named Party on the FHFA SCP List, subject to any conditions and/or exclusions set forth in each Named Party’s final suspension order.

  • Fannie Mae will not purchase any Mortgage Loan with a Borrower, Key Principal, Principal, or Guarantor that is on either the U.S. Treasury Department OFAC or FHFA SCP List.

  • Seller/Servicers are responsible for reviewing the FHFA SCP List and related final suspension orders, which can be found on the FHFA’s web site at http://www.fhfa.gov/SupervisionRegulation/LegalDocuments/Pages/SuspendedCounterpartyProgr am.aspx.

  • The Federal Housing Finance Agency (FHFA) maintains a Suspended Counterparty Program List (“FHFA SCP List”) and requires Freddie Mac to refrain from and/or cease conducting business with individuals and entities listed on FHFA SCP List (“Named Parties”), subject to any conditions or exclusions set forth in each Named Party’s final suspension order.

Related to FHFA SCP List

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