Examples of Fxxxxx Mae Guide in a sentence
Except as indicated for pledged asset loans, if a Mortgage Loan has an LTV greater than 80%, the Mortgage Loan has mortgage insurance in accordance with the terms of the Fxxxxx Mae Guide or the Fxxxxxx Mac Guide and is insured as to payment defaults by a Primary Mortgage Insurance Policy issued by a Qualified Insurer.
In addition, with respect to any Mortgage Loan serviced for a Fxxxxx Mxx pool, the Servicer shall transmit full credit reporting data to each of such credit repositories in accordance with Fxxxxx Mae Guide Announcement 95-19 (November 11, 1995), a copy of which is attached hereto as Exhibit G, reporting each of the following statuses, each month with respect to a Mortgage Loan in a Fxxxxx Mxx pool: New origination, current, delinquent (30-60-90-days, etc), foreclosed or charged off.
In the event of any conflict, inconsistency or discrepancy between any of the servicing provisions of this Agreement and any of the servicing provisions of the Fxxxxx Mae Guide, the provisions of this Agreement shall control and be binding upon the Owner and the Servicer.
The Servicer shall use its reasonable efforts, consistent with the procedures that the Servicer would use in servicing loans for its own account and the requirements of the Fxxxxx Mae Guide, to foreclose upon or otherwise comparably convert the ownership of properties securing such of the Mortgage Loans as come into and continue in default and as to which no satisfactory arrangements can be made for collection of delinquent payments pursuant to Section 4.01.
The Servicer shall, either itself or through an agent selected by the Servicer, and in accordance with the Fxxxxx Mae Guide, manage, conserve, protect and operate each REO Property in the same manner that it manages, conserves, protects and operates other foreclosed property for its own account, and in the same manner that similar property in the same locality as the REO Property is managed.