Mortgage Program Sponsor definition

Mortgage Program Sponsor means each of Xxxxxx Xxx, Xxxxxx Xxx, Xxxxxxx Mac and HUD.
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Mortgage Program Sponsor means each of Federal National Mortgage Association, Government National Mortgage Association, Federal Home Loan Mortgage Corporation, U.S. Veterans Administration, U.S. Federal Housing Agency, Federal Agricultural Mortgage Corporation, each applicable state or municipal housing authority or department, and any other government-sponsored enterprise or Person that sponsors or operates one or more programs for the purchasing, selling, insuring, credit enhancing or other market facilitating of commercial mortgages.
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Examples of Mortgage Program Sponsor in a sentence

  • Each Purchased Loan and Loan Commitment complies or will comply with all applicable guidelines, procedures, rules, regulations and other requirements of the applicable Mortgage Program Sponsor in all material respects.

  • There exists a binding Contract providing for the purchase of each Purchased Loan (and each mortgage loan subject to a Loan Commitment) by an Investor or Mortgage Program Sponsor, or (with respect to Loan Commitments) there are conditions to the funding of the mortgage loan subject to such Loan Commitment that such a Contract exist, and, except for mortgage loans subject to a Loan Commitment where no such Contract exists, each such Contract is in full force and effect.

  • No Investor or Mortgage Program Sponsor has, to the Knowledge of Sellers, threatened not to purchase any Purchased Loan in accordance with such Contracts.

  • Except as set forth in Schedule 5.2(f), no GMACCH Company is required to obtain any material Permit from any Governmental Entity or Mortgage Program Sponsor in connection with the execution and delivery of any Transaction Document, the consummation of the transactions contemplated thereby or the performance by Parent, Seller or the Company of its respective obligations thereunder.

  • The Disclosure Schedule sets forth all of the reviews and audits conducted by any Governmental Authority, SRO or Mortgage Program Sponsor with respect to the Sellers in 2004, 2005 and 2006, with respect to the Affordable Housing Business.

  • CGL shall pay the transfer fee in respect of the Mortgage Program Sponsor Transfer Agreements.

  • Except as set forth on Schedule 5.2(q), no investigation by any Governmental Entity or Mortgage Program Sponsor with respect to any FinanceCo Company is pending or, to the knowledge of the Company, threatened, nor has any Governmental Entity or Mortgage Program Sponsor indicated to any FinanceCo Company an intention to conduct the same, other than examinations undertaken in the ordinary course of business.

  • Prior to Closing, CGL shall have received a contribution of $2,534,081.00 to cover the actual and estimated losses (as agreed to by the Parties) related to loans in CGL’s Servicing Portfolio, or pre-funded such amount with the applicable Mortgage Program Sponsor (“CGL Actual Losses Contribution”).

  • Table 6.1: Register of proposed physical investments in the emerging destinations.

  • Each of the Parties shall make available to the other Parties such information relative to its business, assets and property as the other may reasonably request in order to prepare filings or submissions as required by any Mortgage Program Sponsor.

Related to Mortgage Program Sponsor

  • Flood Program means the National Flood Insurance Program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, the National Flood Insurance Reform Act of 1994 and the Flood Insurance Reform Act of 2004, in each case as amended from time to time, and any successor statutes.

  • Nontraditional mortgage product means any mortgage product other than a 30-year fixed rate mortgage.

  • Cooperative education program means a written voluntary agreement between and among districts to provide certain educational programs for pupils in certain groups of districts. The written agreement shall be approved by all affected districts at least annually and shall specify the educational programs to be provided and the estimated number of pupils from each district who will participate in the educational programs.

  • Uniform Single Attestation Program for Mortgage Bankers The Uniform Single Attestation Program for Mortgage Bankers, as published by the Mortgage Bankers Association of America and effective with respect to fiscal periods ending on or after December 15, 1995.

  • Non-Administrator Coordinated Home Care Program means a Coordinated Home Care Program which does not have an agreement with the Claim Administrator or a Blue Cross Plan but has been certified as a home health agency in accordance with the guidelines established by Medicare.

  • Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

  • Nursing home administrator or "administrator" means any individual who is charged with the general administration of a nursing home, whether or not such an individual has an ownership interest in such home and whether or not the functions and duties are shared with one or more other individuals.

  • Residential mortgage loan means any loan primarily for

  • Commercial Mortgage Loan means a loan secured by a Lien on improved real estate used for commercial purposes.

  • Participating Hospice Care Program Provider means a Hospice Care Program Provider that either: (i) has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield to provide services to participants in this benefits program, or; (ii) a Hospice Care Program Provider which has been designated by a Blue Cross and/or Blue Shield Plan as a Participating Provider Option program.

  • Loan Program means the State Treasurer’s Interest-Free Loan Program for Colorado School Districts authorized pursuant to the Loan Program Statutes.

  • Initial Mortgage Loan A Mortgage Loan conveyed to the Trust Fund on the Closing Date pursuant to this Agreement as identified on the Mortgage Loan Schedule delivered to the Trustee on the Closing Date.

  • Individualized Education Program (IEP means a written statement for a child with a disability that is developed, reviewed, and revised in accordance with Sections 300.320 through 300.324 of 34 CFR.

  • WOSB Program Repository means a secure, Web-based application that collects, stores, and disseminates documents to the contracting community and SBA, which verify the eligibility of a business concern for a contract to be awarded under the WOSB Program.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Alternative education program means a school or separate class group designed to best serve students’ educational needs and interests and assist students in achieving the academic standards of the district and the state.

  • Program Staff means a person employed by the local program who is knowledgeable in a particular subject matter. For the purposes of the complaint process, program staff may not be involved in a specific complaint prior to the receipt of the complaint or the request for a review of the complaint.

  • Postsecondary educational institution means a degree- or certificate-granting public or private college or university, junior college, or community college that is located in this state. The term includes the governing body of the postsecondary educational institution.

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Streamlined Documentation Mortgage Loan Any Mortgage Loan originated pursuant to the Seller's Streamlined Loan Documentation Program then in effect.

  • Program Administrator means the person retained by the Wisconsin PACE Commission as provided in subsection (5)(b).

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • GreenPoint Servicing Agreement Solely with respect to the GreenPoint Mortgage Loans, the Master Loan Purchase and Servicing Agreement, dated as of March 1, 2003, between the Transferor, as purchaser, and GreenPoint, as seller and as servicer, and as the same may be amended further from time to time, and any assignments and conveyances related to the GreenPoint Mortgage Loans.

  • GNMA means the Government National Mortgage Association.

  • Regulatory Flood Protection Elevation means the “Base Flood Elevation” plus the “Freeboard”. In “Special Flood Hazard Areas” where Base Flood Elevations (BFEs) have been determined, this elevation shall be the BFE plus two (2) feet of freeboard. In “Special Flood Hazard Areas” where no BFE has been established, this elevation shall be at least two (2) feet above the highest adjacent grade.