Mae Mortgage Loans definition

Mae Mortgage Loans. With respect to each Mortgage Loan which the Xxxxxr indicates is a Fannie Mae eligible mortgage loan, the representations set forth on Exhxxxx X xxx true and correct.

Examples of Mae Mortgage Loans in a sentence

• Subject to the foregoing, the Administrative Agent (on behalf of the Secured Parties) and each Credit Party expressly acknowledge and agree that notwithstanding anything contained herein, with regard to the mortgage servicing rights and mortgage servicing income for all Xxxxxx Mae Mortgage Loans, the following provisions shall apply and all other provisions contained herein shall be subject to and subordinate to these.

• Given such manual inspections, this technique works best when the desired behavior can be expressed concisely and there exists a constructive technique for mapping (abstracting) the implementation to this concise behavioral description.

• On each transfer date, as reflected in a purchase advice in such form as mutually agreed upon by the parties (each, a “Purchase Advice”), Transferor hereby conveys to Transferee all right, title and interest, including, without limitation, all collateral and credit files and documents, all accounts and funds, and the related mortgage servicing rights, in and to the Xxxxxx Mae Mortgage Loan(s) identified in such Purchase Advice.

• Seller, Purchaser and Xxxxxx Mae shall enter into a mutually acceptable tri-party agreement for the purpose of obtaining Xxxxxx Mae’s agreement that Purchaser shall not assume any obligations with respect to origination or selling representations and warranties or any servicing actions or inactions prior to the Sale and Transfer Date related to the Xxxxxx Mae Mortgage Loans.

• OR “LENDER” means any person or entity that is authorized to do business in the District of Columbia, that is approved to be an originator of FHA Mortgage Loans, Fannie Mae Mortgage Loans or FHLMC Mortgage Loans, accepted by the Issuer to originate Mortgage Loans under the Program on an ongoing basis and that continues to be authorized to do business in the District of Columbia and that continues to be approved as an originator of such Mortgage Loans.

• Subject to the foregoing, the Administrative Agent (on behalf of the Secured Parties) and each Credit Party expressly acknowledge and agree that notwithstanding anything contained herein, with regard to the mortgage servicing rights and mortgage servicing income for all Gxxxxx Mae Mortgage Loans, the following provisions shall apply and all other provisions contained herein shall be subject to and subordinate to these.

• Upon the Purchaser becoming aware of Contested Litigation through service of process or notification by any Original Seller Block Person, the Original Seller’s Servicer or the Seller, the Purchaser shall thereafter cause the Successor Servicer to comply with the requirements of Exhibit G attached hereto (“Standard Servicing Instructions for Contested Litigation Loans”) with respect to the Fannie Mae Mortgage Loans affected by such Contested Litigation.

• To the extent the percentage of New Mortgage Loans are Xxxxxx Mae Mortgage Loans exceeds 2% (by unpaid principal balance of New Mortgage Loans) for any prior quarter and the MSR Owner does not have its approval(s) from Xxxxxx Xxx to own the servicing rights related to Xxxxxx Mae Mortgage Loans, the MSR Owner and the Subservicer shall amend this Agreement to reflect new economics terms taking into consideration of such refinancing trends and developments.

• If a Document Custodian that does not currently hold Fannie Mae Mortgage Loans desires to certify and/or hold Mortgage Loans for Fannie Mae, the Document Custodian must comply with the application and approval process described above and must be approved by Fannie Mae before it certifies and/or holds new Mortgage Loans.

• Further, the Document Custodian’s system must clearly identify the Mortgage Loans as Fannie Mae Mortgage Loans and track them by Servicer.