Examples of Frexxxx Xxc 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 Mortgage Loans may be subserviced by the Subservicer on behalf of the Company provided that the Subservicer is a Fannie Mae-approved lender or a Freddie Mac seller/servicer in good sxxxxxxg, xnd no event has occurrxx, xxxluding but not limited to a change in insurance coverage, which would make it unable to comply with the eligibility requirements for lenders imposed by Fannie Mae or for seller/servicers imposed by Freddie Mac, or which wxxxx xexxxre notification to Fannie Mae or Frexxxx Xxc.
The Servicer is in good standing to service mortgage loans for either Fanxxx Xxe or Frexxxx Xxc.
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.
At the time the Mortgage Loan was originated, the originator was a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act or a savings and loan association, a savings bank, a commercial bank or similar banking institution which is supervised and examined by a Federal or State authority or a Fanxxx Xxe xx Frexxxx Xxc approved mortgagee.
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 and Frexxxx Xxc.