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

  • 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.

  • 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.

  • 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.

  • 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.

  • In the event of a conflict or inconsistency between this MBS Agreement and the Agreement, the term or terms of this MBS Agreement will control, unless otherwise provided in this MBS Agreement.

  • When you ask us to activate the MBS, and each time you use or allow others to use the MBS, you confirm your agreement to abide and be bound by the terms and conditions of the MBS and this MBS Agreement as in effect at that time.

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


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, ▇▇▇▇▇▇ Mae or ▇▇▇▇▇▇▇ Mac pursuant to which GNMA, ▇▇▇▇▇▇ Mae or ▇▇▇▇▇▇▇ Mac, respectively, has agreed to guarantee the timely payment of the specific MBS Certificates.
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Related to MBS Agreement

  • SPS Agreement means the Agreement on the Application of Sanitary and Phytosanitary Measures which is a part of the WTO Agreement; Subheading means the first six digits in the tariff classification number under the HS; Territory means:

  • ▇▇▇▇▇▇ Agreement means that certain Contingent Stock Agreement, effective as of January 1, 1996, by The ▇▇▇▇▇ Company in favor of and for the benefit of the Holders (named in Schedule I thereto) and the Representatives (therein defined), as amended.

  • 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 in Annex 1C to the WTO Agreement;

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;