MBS Agreement definition

MBS Agreement means the agreement by and between the Servicer and GNMA authorizing the Servicer to issue GNMA Securities.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3
MBS Agreement means the commitment to guarantee GNMA Certificates from GNMA to the Servicer in accordance with the GNMA Guide.
Sample 1Sample 2Sample 3

Examples of MBS Agreement in a sentence

  • 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.

  • 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.

  • 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.

  • Any added MBS services and features will be governed by this MBS Agreement and the Agreement, and by any terms and conditions provided to you at the time the new MBS service or feature is added or at the time of enrollment for the feature or service, if applicable.

  • No termination of the MBS or any part thereof will affect your liability or obligations under this MBS Agreement or the Agreement accruing prior to the date of termination or any provisions of this MBS Agreement or the Agreement which, by their nature or by express provision, are intended to survive termination.

  • In addition, if (i) either of the MBS Agreement or the Servicing Agreement is terminated by PennyMac Loan Services without cause as provided in each such agreement or (ii) the Management Agreement is terminated by PNMAC Capital Management, LLC without cause as provided in such agreement, the MSR Owner shall have the right to terminate this Agreement without cause upon notice to the Servicer.

  • By using the MBS, you accept and agree to all of the terms, conditions and notices contained in this MBS Agreement and the Agreement and accept responsibility for your use of the MBS in accordance with the terms of this MBS Agreement and the Agreement.


More Definitions of MBS Agreement

MBS Agreement means the Amended and Restated Mortgage Banking Services Agreement, dated as of September 12, 2016, by and between PennyMac Loan Services and PennyMac Corp.
Sample 1Sample 2
MBS Agreement means the Commitment to Guarantee Mortgage-Backed Securities (Form HUD 11704) from GNMA to the Servicer.
Sample 1Sample 2
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.
Sample 1
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.
Sample 1
MBS Agreement. The Second Amended and Restated Mortgage Banking Services Agreement, between the Servicer and PennyMac Corp., dated as of June 30, 2020, as such agreement may be amended from time to time.
Sample 1
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.
Sample 1

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;

  • TRIPS Agreement means the Agreement on Trade-Related Aspects of Intellectual Property Rights, contained in Annex 1C to the WTO Agreement;

  • NIMS Agreement Any agreement pursuant to which the NIM Securities are issued. NIMS Insurer: One or more insurers issuing financial guaranty insurance policies in connection with the issuance of NIM Securities.

  • Transaction Agreement has the meaning set forth in the recitals.

  • Payment Agreement means a written agreement which provides

  • Joint Agreement means a type of Fund Use Agreement between the Consortium and the Fund Council that sets forth an umbrella set of terms and conditions that govern principally the submission and approval of CRP proposals and the transfer and use of funds from the CGIAR Fund for implementation of CRPs.

  • 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 C attached hereto.