Mortgage Servicing Right definition

Mortgage Servicing Right means, with respect to any Person, the right of such Person to receive cash flows in its capacity as servicer of any Receivable or pool of Receivables, and any interests in such right including, but not limited to, participation certificates or excess fee strips, together with any assets related thereto that are of the type transferred in connection with securitization transactions involving assets such as, or similar to, Mortgage Servicing Rights, and any collections or proceeds thereof, including all contracts and contract rights, security interests, financing statements or other documentation in respect of such Mortgage Servicing Rights, all general intangibles under or arising out of or relating to such Mortgage Servicing Rights and any guarantees, indemnities, warranties or other obligations in respect of such Mortgage Servicing Rights. For purposes of determining the amount of a Mortgage Servicing Right at any time, such amount shall be determined in accordance with GAAP, consistently applied, as of the most recent practicable date.
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Mortgage Servicing Right means the right to perform one or more of the actions listed in §B(31)(a)-(e) of this regulation in connection with one or more mortgage loans.
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Mortgage Servicing Right means the right to perform one or more of the functions listed in §B(26)(a)-(e) of this regulation.
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Examples of Mortgage Servicing Right in a sentence

  • It is unclear, however, why these claims on vintage loans should affect the cost of new originations.Chart 7Sensitivity of OPUCs to Alternative Assumptions about Mortgage Servicing Right MultiplesDollars per $100 loan5 Mortgage Servicing Rights ValuesThe baseline OPUC calculation assumes constant servicing multiples throughout the sample of 5x for base servicing and 4x for excess servicing flows.

  • Anything that extends the duration of the loan increases 615 the value of the Mortgage Servicing Right (MSR).

  • A] Mortgage Servicing Right (MSR) is the contractual right to service a mortgage loan; according to accounting standards, entities owning MSRs must perform a valuation analysis and appropriately recognize the value of the MSR portfolio on the company balance sheet.” Id. at 28.

  • If Purchaser assigns a Mortgage Servicing Right to any Person, it shall either obtain an agreement from such Person to assume Purchaser’s obligations under and otherwise comply with the requirements applicable to Purchaser set forth in Sections 7.12(b) (but with respect to clauses (ii) and (iii), only for so long as the applicable obligations under the NMS and HUD Settlement remain outstanding), 7.15 and 7.17, and shall ensure such Person’s compliance therewith.

  • The increase was primarily driven by an increase in portfolio originations (Commercial, Residential Real Estate & Home Equity), continued Mortgage Servicing Right (MSR) production, an increase in servicing deposits (related to production), and small increase in investment securities.• Improving economic conditions including stable interest rates, slower prepayment speeds & lower average costs of servicing saw the Fair Market Value of our MSR portfolio increase significantly in 2Q2021 (not incl.

  • Once approved, this will go to some lengths to strengthen this role within the Knysna Municipality.

  • The extent of reimbursement varies depending on whether the insurance or guaranty applicable to a particular loan is full or limited in scope. Mortgage Servicing Right (“MSR”) Asset Income Statement ImpactsMSR assets are capitalized at fair value at time of loan sale/securitization.

  • If the servicer chooses to hedge the value of an MSR asset (see discussion later in Mortgage Servicing Right Volatility), the servicer will incur hedging expenses associated with the instruments utilized in the servicer’s hedging strategy.3 B.

  • Each of these five parameters is an indirect function of PORV position.

  • Fannie Mae Freddie Mac Ginnie Mae Private Investor Or held for Portfolio Mortgage Loan Loan Originator Held or sold to Mortgage Servicer Mortgage Servicing Right Borrower A 4.75% mortgage is originated.


More Definitions of Mortgage Servicing Right

Mortgage Servicing Right means the right to perform one or more of the functions listed in §B(26)(a)-(e) of this regulation.
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Related to Mortgage Servicing Right

  • 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.

  • 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.

  • Mortgage Sale Agreement means the mortgage sale agreement dated 3 June 2005 as amended and restated on 4 October 2007, 20 May 2008 and as further amended and restated on 25 June 2014 made between Santander UK plc (1) Abbey Covered Bonds LLP (the "LLP") (2) and Deutsche Trustee Company Limited (the "Security Trustee") (3) (as the same may be or have been amended, varied or supplemented from time to time with the consent of those parties).

  • Residential mortgage loan means any loan primarily for

  • 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 Loan Sale Agreement The mortgage loan sale and assignment agreement dated as of November 1, 2003, for the sale of the Mortgage Loans by the Seller to the Depositor.

  • Countrywide Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Countrywide is the applicable Seller.

  • Mortgage Loan Seller Each of CREFI, GACC and JPMCB, and their respective successors in interest.

  • Servicing Rights means rights of any Person, to administer, service or subservice, the Purchased Assets or to possess related Servicing Records.

  • REO Mortgage Loan Any Mortgage Loan which is not a Liquidated Loan and as to which the indebtedness evidenced by the related Mortgage Note is discharged and the related Mortgaged Property is held as part of the Trust Estate.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

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

  • Countrywide Servicing Countrywide Home Loans Servicing LP, a Texas limited partnership and its successors and assigns.

  • MERS Mortgage Loan Any Mortgage Loan registered with MERS on the MERS System.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.