Gxxxxx Mae definition
Examples of Gxxxxx Mae in a sentence
The Gxxxxx Mae Program, the Fxxxxx Mxx Program and/or the Fxxxxxx Mac Program, as the context may require.
The Gxxxxx Mae Mortgage-Backed Securities Programs, as described in the Gxxxxx Mxx Guide.
Seller shall cause a copy of the final completed Schedule of Subscribers and Gxxxxx Mae Guaranty Agreement, Fxxxxxx Mac Delivery Authorization and Fxxxxx Mae Delivery Schedule to be delivered to the Buyer upon its request.
The Gxxxxx Mae Mortgage-Backed Securities Guide, as such Guide may hereafter from time to time be amended.
In any event, Seller or its delegate shall subservice such Purchased Mortgage Loans with the degree of care and in accordance with the subservicing standards generally prevailing in the industry, including those required by Fxxxxx Mxx, Fxxxxxx Mac and Gxxxxx Mae.
PLS shall maintain a fidelity bond and be covered by insurance of the kinds and in the amounts customarily maintained by such similarly situated entities in the same jurisdiction and industry as PLS, in amounts acceptable to Gxxxxx Mae except to the extent that the failure to do so could not reasonably be expected to result in a material Adverse Effect.
This Agreement may be executed in two (2) or more counterparts and via facsimile transmission, each of which shall be deemed an original, but all of which together shall constitute one in the same instrument.
Although Fxxxxx Mae, Fxxxxxx Mac, or Gxxxxx Mae may guarantee payments on the RMBS the Account owns directly, those guarantees do not protect the Account from declines in market value caused by changes in interest rates.
With respect to any Pooled Mortgage and collections received with respect thereto, PLS shall reimburse itself for any unreimbursed MBS Advances only as provided by the Gxxxxx Mae Contract.
Other than with respect to a Gxxxxx Mae Modified Loan, Seller has not waived the performance by the Mortgagor of any action, if the Mortgagor’s failure to perform such action would cause the Mortgage Loan to be in default, nor has Seller waived any default resulting from any action or inaction by the Mortgagor.