MBS Agreement definition

MBS Agreement means the Second Amended and Restated Mortgage Banking Services Agreement, dated as of June 30, 2020, by and between PennyMac Loan Services and PennyMac Corp.
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MBS Agreement means the agreement by and between the Servicer and GNMA authorizing the Servicer to issue GNMA Securities.
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MBS Agreement means the commitment to guarantee GNMA Certificates from GNMA to the Servicer in accordance with the GNMA Guide.
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Examples of MBS Agreement in a sentence

  • Except as expressly amended and modified by this Amendment, the Existing MBS Agreement shall continue to be, and shall remain, in full force and effect in accordance with its terms.

  • Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Existing MBS Agreement.

  • The parties hereto agree that in the event there is any conflict between the terms of this Amendment, and the terms of the Existing MBS Agreement, the provisions of this Amendment shall control.

  • Each party represents that it is in compliance in all material respects with all the terms and provisions set forth in the Existing MBS Agreement on its part to be observed or performed.

  • Exhibit A of the Existing MBS Agreement is hereby amended by deleting it in its entirety and replacing it with the form attached hereto as Exhibit A.

  • If (i) either of the MBS Agreement or the MSR Recapture Agreement is terminated by PennyMac Loan Services without cause or (ii) the Management Agreement is terminated by PennyMac REIT Manager as provided in such agreement, the Owner shall have the right to terminate this Agreement without cause upon notice to the Servicer.

  • Please read this MBS Agreement, the Agreement, and all such additional agreements carefully before using the MBS, and keep a copy for your records.

  • By downloading the Mobile Application, you agree to the additional terms and conditions contained in the End User License Agreement Terms set forth in Section B of this MBS Agreement, and any other terms and conditions required by the Licensor of the Mobile Application.

  • This may include adding new or different terms to, or removing terms from, this MBS Agreement or the Agreement.

  • We will provide you with prior notice of amendments to this MBS Agreement when required by applicable law.


More Definitions of MBS Agreement

MBS Agreement means the Commitment to Guarantee Mortgage-Backed Securities (Form HUD 11704) from GNMA to the Servicer.
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MBS Agreement. The Third Amended and Restated Mortgage Banking Services Agreement, between the Servicer and PennyMac Corp., dated as of December 16, 2024, as such agreement may be amended from time to time.
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MBS Agreement means the Global Master Repurchase Agreement dated as of November 13, 1996 between Seller and Credit Suisse First Boston (Hong Kong) Limited, as amended, modified, restated or supplemented from time to time, relating to mortgage-backed securities; PROVIDED, HOWEVER that if such Global Master Repurchase Agreement is replaced by a Master Repurchase Agreement between Seller and Credit Suisse First Boston (Europe) Limited, such Master Repurchase Agreement, as amended, modified, restated or supplemented from time to time shall be the MBS Agreement.
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MBS Agreement means the agreement with GNMA, Xxxxxx Mae or Xxxxxxx Mac pursuant to which GNMA, Xxxxxx Mae or Xxxxxxx Mac, respectively, has agreed to guarantee the timely payment of the specific MBS Certificates.
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Related to MBS Agreement

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;

  • Lock-Up Agreement means the Lock-Up Agreement, dated as of the date hereof, by and among the Company and the directors and officers of the Company, in the form of Exhibit B attached hereto.

  • Netting Agreement means a netting agreement, master netting agreement or other similar document having the same effect as a netting agreement or master netting agreement and, as applicable, any collateral annex, security agreement or other similar document related to any master netting agreement or Permitted Contract.