FHLMC Acknowledgment Agreement definition

FHLMC Acknowledgment Agreement. The acknowledgment agreement by and among the entity formerly known as the Federal Home Loan Mortgage Corporation, or any successor thereto, Seller and MSR IX LLC, in form and substance reasonably acceptable to MSR IX LLC, dated on or before the Sale Date, pursuant to which the entity formerly known as the Federal Home Loan Mortgage Corporation, or any successor thereto, consents to the sale of the excess servicing spread and other arrangements specified therein.

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FHLMC Acknowledgment Agreement. The acknowledgment agreement by and among the entity formerly known as the Federal Home Loan Mortgage Corporation, or any successor thereto, Seller and Purchaser, in form and substance reasonably acceptable to Purchaser, dated on or before the Sale Date, pursuant to which the entity formerly known as the Federal Home Loan Mortgage Corporation, or any successor thereto, consents to the sale of the excess servicing spread and other arrangements specified therein.

FHLMC Acknowledgment Agreement means the form acknowledgment agreement employed by FHLMC in respect of assignments of FHLMC Servicing Rights.

Examples of FHLMC Acknowledgment Agreement in a sentence

• Seller will have obtained the FHLMC Acknowledgment Agreement and all other necessary approvals, agreements and consents, if any, of the Agency with respect to the Transaction Documents on or prior to the Closing Date.

• Pledge Agreement: A collateral pledge agreement, to be entered into on or before the Closing Date, between Seller and the Agency, pursuant to which Seller pledges collateral to Agency to secure its obligations to the Agency under the Servicing Agreement, the FHLMC Acknowledgment Agreement and other agreements, if required by the Agency.

• Owner Consent: All agreements, including the FHLMC Acknowledgment Agreement and the FNMA Acknowledgment Agreement, if applicable, pursuant to which an Owner approves or consents to the sale of the Future Excess Servicing Spread from Seller to Purchaser.

• Seller will have obtained the FHLMC Acknowledgment Agreement and all other necessary approvals, agreements and consents, if any, of the Agency with respect to the Transaction Documents on or prior to the Sale Date.

• Pledge Agreement: A collateral pledge agreement, to be entered into on or before the Closing Date, between Seller and an Agency, pursuant to which Seller pledges collateral to such Agency to secure its obligations to the applicable Agency under the Servicing Agreement, the FHLMC Acknowledgment Agreement, FNMA Acknowledgment Agreement or GNMA Acknowledgment Agreement, if applicable, and other agreements, if required by the applicable Agency.

• A collateral pledge agreement, to be entered into on or before the Closing Date, between Seller and the Agency, pursuant to which Seller pledges collateral to Agency to secure its obligations to the Agency under the Servicing Agreement, the FHLMC Acknowledgment Agreement and other agreements, if required by the Agency.

More Definitions of FHLMC Acknowledgment Agreement

FHLMC Acknowledgment Agreement an agreement pursuant to which FHLMC acknowledges the Lien of the Collateral Agent, on behalf of the Secured Parties, on Non-Recourse Servicing Rights relating to Mortgage Loans sold to or securitized through FHLMC, in form and substance as is customarily provided by FHLMC in agreements of its kind on its date of execution (or any successor agreement thereto) and acceptable to the Administrative Agent.