Examples of Mortgage Purchase in a sentence
If there is a repurchase demand on the first Mortgage Loan under the Mortgage Purchase Agreement or this Guide, the Agency may also demand refund of all Smart Start monies in that transaction.
The Participating Lender is responsible for originating, processing, underwriting, closing, post-closing and Interim Servicing all NJHMFA Mortgage Loans in accordance with all Applicable Laws, the Mortgage Purchase Agreement, this Guide, the applicable Term Sheets and guidelines.
The Mortgage Purchase Agreement (or the Agreement) sets forth the requirements for maintaining status as an approved Participating Lender.
The representations, warranties, and covenants contained in this Section shall be true and correct when made, and by accepting payment for each Mortgage Loan on its respective Purchase Date, the Participating Lender shall be deemed to affirm that these representations, warranties, and covenants remain true and correct as of that Purchase Date and continuing thereafter until the parties have no further obligations under the Mortgage Purchase Agreement for that Mortgage Loan’s purchase.
Have executed and returned to the Agency a Mortgage Purchase Agreement for the calendar year.
As a reminder all Notes must be properly endorsed to the Agency as follows: Note: “Without Recourse” shall not affect the Participating Lender’s repurchase obligations as set forth in this Participating Lender’s Guide and provided in the Mortgage Purchase Agreement.
NJHMFA Homeward Bound Program Mortgage Loans are underwritten, closed and funded according to NJHMFA’s standard procedures as outlined in this Participating Lender’s Guide and the Mortgage Purchase Agreement.
Mortgage Purchase Statement or Rental/Lease Agreement SRP/APS Electric Bill displaying parent name and address Southwest Gas Bill displaying parent name and home address Water Bill displaying parent name and home address*District guidelines for Proof of Residency have been established and will be adhered to for all students.
Maintain compliance with NJHMFA’s enabling laws and administrative rules promulgated thereunder and all policies, procedures, and Term Sheets as stated in this Participating Lender’s Guide, and any amendments thereto, any subsequent notifications or policy or program changes, and compliance with terms and conditions contained in the Mortgage Purchase Agreement.
This fund has been established under the Single Family Insured Mortgage Bond Resolution adopted in September 1976, the Single Family Mortgage Purchase Bond Resolution adopted in June 1978, the Home Mortgage Purchase Bond Resolution adopted in July 1983, the Single Family Housing Bond Resolution adopted in September 1990, and the Mortgage Revenue Bond (Mortgage Backed Securities Program) indenture adopted in December 2009 under the federal New Issue Bond Program (NIBP).