GreenPoint Servicing Agreement definition
Examples of GreenPoint Servicing Agreement in a sentence
Subject to the foregoing, the Master Servicer shall continue to make such advances through the date that the Servicer is required to do so under the GreenPoint Servicing Agreement.
The Master Servicer agrees to present, or to cause the Servicer (to the extent required under the GreenPoint Servicing Agreement) to present, on behalf of the Trustee and the Certificateholders, claims to the insurer under any Primary Mortgage Insurance Policies and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage Loans.
It is understood and agreed that such insurance shall be with insurers meeting the eligibility requirements set forth in the GreenPoint Servicing Agreement and that no earthquake or other additional insurance is to be required of any Mortgagor or to be maintained on property acquired in respect of a defaulted loan, other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance.
The Master Servicer shall reconcile the results of its Mortgage Loan monitoring with the actual remittances of the Servicer to the Protected Account pursuant to the GreenPoint Servicing Agreement.
The Master Servicer shall, to the extent provided in the GreenPoint Servicing Agreement, cause the Servicer to sell, any REO Property as expeditiously as possible and in accordance with the provisions of this Agreement and the GreenPoint Servicing Agreement, as applicable.