Loan Servicing Rights definition

Loan Servicing Rights means and includes all of each Obligor's rights under any of its Loan Servicing Agreements, including the rights to service Serviced Mortgages and to be compensated, directly or indirectly, for doing so.
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Loan Servicing Rights means and includes all of each Obligor's
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Loan Servicing Rights. Section 1.2 “NCS” Preamble “Notice” Section 8.2 “Pooling and Servicing Agreements” Section 1.2 “Pre-Operational Period Termination Payment” Section 4.1 “Purchase Price” Section 1.4 “Purchaser” Preamble “Required Consents” Section 2.3
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Examples of Loan Servicing Rights in a sentence

  • Negotiation of the transactional documents relating to the Sale of the Loan Servicing Rights Agreement; 4.

  • Motion to Set the Bidding Procedures with Respect to the Motion to Sell Loan Servicing Rights Agreement; 2.

  • The purchase and sale of the Servicing Rights and the servicing of the Mortgage Loans as contemplated herein shall be governed by that certain Mortgage Loan Servicing Rights Purchase and Servicing Agreement dated as of [DATE], between Countrywide and the Seller (as amended herein and otherwise, the “Agreement”).

  • This Mortgage Loan Servicing Rights Purchase and Servicing Agreement is dated and effective as of December 1, 2006 (the “Agreement”), among HSBC Bank USA, N.A., having an address at 000 Xxxxx Xxxxxx, Xxx Xxxx, XX 00000 (the “Seller”), and Countrywide Home Loans, Inc., having an address at 0000 Xxxx Xxxxxxx, Xxxxxxxxx, Xxxxxxxxxx 00000 (“Countrywide”) and Countrywide Home Loans Servicing LP, having an address at 0000 Xxxxxxxxx Xxxxx, Xxxxx, Xxxxx 00000 (the “Servicer”).

  • The shareholders' equity reflected on the balance sheet of Nutmeg immediately following the sale of the Loan Servicing Rights (unaudited) shall be equal to or greater than the shareholders' equity reflected on the March 31, 2000 balance sheet (unaudited) of Nutmeg, exclusive of any increase in shareholders' equity attributable to the exercise of any options by Nutmeg option holders in the intervening period.

  • Mortgage Loan Servicing Rights: Servicing rights represent both purchased rights and the allocated value of servicing rights retained on loans sold.

  • Loan Servicing Rights - The fair value of residential and consumer loan servicing rights is determined based on the estimated discounted net cash flows to be received less the estimated costs of servicing.

  • Nutmeg shall have performed in all material respects all covenants and agreements required to be performed by it under this Agreement, including, but not limited to, the sale of the Loan Servicing Rights in accordance with Section 5.1(a) hereof, at or prior to the Closing Date.

  • During the period from the date of this Agreement and continuing until the Effective Time, except as expressly contemplated or permitted by this Agreement, including Section 1.4(b) hereof respecting the sale of the Loan Servicing Rights, the Bank Merger Agreement or the Option Agreement or with the prior written consent of NewMil, Nutmeg shall carry on its businesses in the ordinary course consistent with past practices and consistent with prudent banking practices.

  • The FHA Loan Purchase Price for the Seller to sell the Servicing Rights for each Existing FHA Loan shall be the product of (a) the percentage set forth on Exhibit A hereto and identified as the Servicing Rights Purchase Price Percentage for such Loan (the "FHA Loan Servicing Rights Purchase Price Percentage") and (b) the aggregate outstanding principal balance of such Existing FHA Loan as of the Cut-Off Date.


More Definitions of Loan Servicing Rights

Loan Servicing Rights has the meaning assigned to such term in the Recitals.
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Loan Servicing Rights means the right to receive future cash flows from servicing loans.
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Related to Loan Servicing Rights

  • Servicing Rights means rights of any Person, to administer, service or subservice, the Purchased Assets or to possess related Servicing Records.

  • Loan Servicer means the entity that from time to time is designated by Lender to collect payments and deposits and receive Notices under the Note, the Security Instrument, this Loan Agreement and any other Loan Document, and otherwise to service the Loan evidenced by the Note for the benefit of Lender.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • Master Servicing Agreement means the master servicing agreement entered into on 20 May 2013 between the Guarantor, the Issuer and the Master Servicer.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Securitization Servicing Agreement means the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement.

  • Mortgage Loan Seller Each of CREFI, GACC and JPMCB, and their respective successors in interest.

  • Sub-Servicing Agreement The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

  • Collateral Servicing Fee shall have the meaning set forth in Section 3.01.

  • Substitute Servicing Agreement means a servicing agreement that contains servicing provisions which are the same as or more favorable to the Non-Lead Noteholders, in substance, to those in the Servicing Agreement (including, without limitation, all applicable provisions relating to delivery of information and reports necessary for any Non-Lead Securitization to comply with any applicable reporting requirements under the Securities Exchange Act of 1934, as amended) and all references herein to the “Servicing Agreement” shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization Note is in a Securitization, then a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to such subsequent servicing agreement.