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 U.S. 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 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.

  • 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”).

  • The Company shall have received any consent, approval, waiver, clearance or authorization from any Governmental Body or Mortgage Program Sponsor that may be required to consummate the Transactions, including those required by any Mortgage Program Sponsor, and all terminations or expirations or waiting periods imposed by any Governmental Body or Mortgage Program Sponsor necessary for the consummation of the Transactions shall have occurred.

  • Except as set forth in the Disclosure Schedule, within the last five (5) years, no Seller (solely with respect to the conduct of the Affordable Housing Business) has received any written notice from any Governmental Authority, SRO or Mortgage Program Sponsor regarding any actual, alleged, or potential material violation of, or material failure to comply with, any Law, Order or Guideline.

  • Except as set forth in the Disclosure Schedule, within the last five (5) years, no Company has received any written notice from any Governmental Authority, SRO or Mortgage Program Sponsor regarding any actual, alleged, or potential material violation of, or material failure to comply with, any Law, Order or Guideline.

  • Prior to the Closing, the GPF Parties shall have received a contribution to cover actual losses, if known, or estimated losses, if not known, related to loans in the GPF Parties’ Servicing Portfolio, in such amount as is agreed to by the Parties, or pre-funded such amount with the applicable Mortgage Program Sponsor (“GPF Actual Losses Contribution”).

  • Each Mortgage Program Sponsor Transfer Agreement shall have been executed by the applicable Mortgage Program Sponsor, other than the HUD Transfer Agreement, which may be executed after the Closing.

  • CGL shall have received any consent, approval, waiver, clearance or authorization from any Governmental Body or Mortgage Program Sponsor that may be required to consummate the Transactions, including those required by any Mortgage Program Sponsor, and all terminations or expirations or waiting periods imposed by any Governmental Body or Mortgage Program Sponsor necessary for the consummation of the Transactions shall have occurred.

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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Program Staff means an employee or individual who by contract with the program provides a service and has the applicable competencies, qualifications, or certification required to provide the service.

  • 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.

  • CREFC® Servicer Watch List/Portfolio Review Guidelines As of each Determination Date a report, including and identifying each Performing Serviced Loan satisfying the “CREFC® Portfolio Review Guidelines” approved from time to time by the CREFC® in the “CREFC® Servicer Watch List” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form (including other portfolio review guidelines) for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.