Examples of Fxxxxx Mxx 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 Mxx Guide or the Fxxxxxx Mac Guide and is insured as to payment defaults by a Primary Mortgage Insurance Policy issued by a Qualified Insurer.
To the extent that original documents are not required for purposes of realization of Liquidation Proceeds or Insurance Proceeds, documents maintained by the Servicer may be in the form of microfilm or microfiche or such other reliable means of recreating original documents, including but not limited to, optical imagery techniques so long as the Servicer complies with the requirements of the Fxxxxx Mxx Guide.
The minimum coverage under any such Fidelity Bond and insurance policy shall be at least equal to the corresponding amounts required by Fxxxxx Mae in the Fxxxxx Mxx Guide or by Fxxxxxx Mac in the Fxxxxxx Mac Guide.
In connection with any such assumption or substitution of liability, the Servicer shall follow the underwriting practices and procedures of the Fxxxxx Mxx Guide.
It is understood and agreed that no other additional insurance need be required by the Servicer or the Mortgagor or maintained on property acquired in respect of the Mortgage Loans, other than pursuant to the Fxxxxx Mxx Guide or such applicable state or federal laws and regulations as shall at any time be in force and as shall require such additional insurance.
The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by FHA or VA, as applicable, Fxxxxx Mae in the Fxxxxx Mxx Guide or by Fxxxxxx Mac in the Fxxxxxx Mac Servicing Guide.
The minimum coverage under any such Fidelity Bond and insurance policy shall be at least equal to the corresponding amounts acceptable to Fxxxxx Mae in the Fxxxxx Mxx Guide or by Fxxxxxx Mac in the Fxxxxxx Mac Guide.
Errors and Omissions Insurance to be maintained by the Servicer in accordance with the Fxxxxx Mxx Guide or Fxxxxxx Mac Guide.
Additionally, the Seller shall cause the Originator, as servicer, to transmit full-file credit reporting data for each Mortgage Loan pursuant to Fxxxxx Mxx Guide Announcement 95-19 and that for each Mortgage Loan, the Seller shall cause the Originator, as servicer, to report one of the following statuses each month as follows: new origination, current, delinquent (30-, 60-, 90-days, etc.), foreclosed, or charged-off.
The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Fxxxxx Mae in the Fxxxxx Mxx Guide or by Fxxxxxx Mac in the Fxxxxxx Mac Servicing Guide.