Mortgage Pools. The Mortgage Loans in a given Mortgage Pool from time to time shall be listed on Schedule I to the related Participation Certificate (the "Mortgage Loan Schedule"). The Mortgage Originator shall be responsible for delivering a new Mortgage Loan Schedule upon each addition to or withdrawal from each Mortgage Pool. Mortgage Loans may be added to or withdrawn from any Mortgage Pool as described below:
Examples of Mortgage Pools in a sentence
AND WHEREAS pursuant to the MBS Program the Issuer has agreed to transfer to CMHC all of its right, title and interest in, or under the Mortgage Pools on which the MBS are based.
AND WHEREAS the Issuer has engaged the Title Custodian as the holder of nominal title to the Mortgage Pools pursuant to an agreement between the Issuer and the Title Custodian (the “Title Custodian Agreement”).
AND WHEREAS the parties have agreed to the process for the transfer of nominal title to the Mortgage Pools by the Title Custodian when required by CMHC.
Custodian acknowledge and agree that this Agreement shall apply to Mortgages in the Mortgage Pools upon the backing of which MBS are issued by the Issuer under the MBS Program.
More Definitions of Mortgage Pools
Mortgage Pools means all Mortgages and related loans described in a CMHC Form No. 2824 Schedule of Pooled Mortgages which are assembled by the Issuer and upon the backing of which securities are issued by the Issuer under the MBS Program and shall include all related loan security;