Mortgage Agency definition

Mortgage Agency means the Federal National Mortgage Corporation, the Federal Home Loan Mortgage Corporation, the Federal Housing Administration, the Veterans Administration, Government National Mortgage Association and any insurer, investor or other regulatory agency, government sponsored enterprise or similar organization or authority.

Mortgage Agency shall have the meaning set forth in Section 4.5(c).

Mortgage Agency has the meaning set forth in Section 3.02(w)(1).

Examples of Mortgage Agency in a sentence

• SSDF concerns were compounded by that fact that the CPA altered SAF – SSDF relationship and made it more difficult for SAF to continue to supply the SSDF.

• CBC Mortgage Agency requires the original, final collateral documents, with the exception of mortgages (deeds) that are pending being recorded in the appropriate jurisdiction (for which a certified true copy must be provided).The original collateral package is reviewed by CBC Mortgage Agency prior to the mortgage loan being approved for purchase.

• To accomplishthis, CBC Mortgage Agency strives to build long-term loyalty with our business partners by dedicating ourselves to their success.

• CBC Mortgage Agency will not accept hazard insurance policies that limit or exclude from coverage (in whole or in part) windstorm damages, hurricane damages, hail damages, or any other perils that normally are included under an extended coverage endorsement.

• Correspondents can access the status of their loans through CBC Mortgage Agency’s client site, http://chenoafund.org.Loans uploaded to the client site are reviewed by CBC Mortgage Agency’s due diligence team concurrently with its partner investors, to whom loans are ultimately sold.Once due diligence reviews are completed by CBC Mortgage Agency and the investor,correspondents will be notified via email.

• If a borrower chooses to purchase a different property than was selected at the time of lock, the lock will need to be canceled and a new lock request submitted for the new property.8.3 | DeliveryThe mortgage loan must be delivered to CBC Mortgage Agency in purchasable condition on or before the lock expiration date.

• It is believed to be reliable, but CBC Mortgage Agency does not warrant its completeness,timeliness, or accuracy.

• CBC Mortgage Agency focuses on the development of market-leading, secondary mortgage loan products delivered with an ease of process and outstanding customer service.

• Collateral conditions for corrected or additional original documents should be sent to CBC Mortgage Agency, and a copy of the document should be uploaded to the Client Site.For each loan purchased by CBC Mortgage Agency, all final closing documents must be delivered by no later than eighty-five (85) days (sixty [60] days for FHA MIC) after the purchase of such mortgage loan.

• This section of the Correspondent Lending Guide is intended to provide our clients with an overview of CBC Mortgage Agency (CBCMA) or any trade name under which it may conduct business (collectively, “CBC Mortgage Agency”).CBC Mortgage Agency is a subsection of Cedar Band Corporation, a federal corporationcreated by the U.S. government through the Bureau of Indian Affairs for the Cedar Band of Paiutes of the Paiute Indian Tribe of Utah.