Participating Servicer definition

Participating Servicer means one of the Servicers that is a party to the Judgment other than Bank of America, N.A.;

Participating Servicer means one of the Servicers other than Wells Fargo & Company and Wells Fargo Bank, N.A.;

Participating Servicer means one of the Servicers that is a party to the Judgment other than J.P. Morgan Chase Bank, N.A.;

Examples of Participating Servicer in a sentence

• A Participating Servicer that contributed Mortgage Loans to a pool on which the Bidder is placing a bid.

• Paragraph 1.h. is amended to read as follows: In the event a Participating Servicer who owns the first lien mortgage contacts Servicer regarding a second lien mortgage that Servicer owns, Servicer will modify the second lien consistent with the treatment waterfall described below, as modified by Exhibit I, within a reasonable time to facilitate the modification of the first lien mortgage.

• First, a Participating Servicer is required to gather information and, if appropriate, offer the homeowner a Trial Period Plan (“TPP”).8 The TPP consists of a three-month period in which the homeowner makes mortgage payments based on a formula that uses the initial financial information provided.

• The information obtained through the interview process indicated that Servicer did not receive requests prompted by a Participating Servicer to modify Servicer’s owned second lien mortgage consistent with the treatment waterfall described in paragraph 2.c.i of Exhibit D, as modified by Exhibit I, to facilitate the Participating Servicer’s modification of a first lien mortgage owned by the Participating Servicer.

• There can be no assurance that any Participating Servicer will deliver a minimum number of Mortgage Loans to HUD or that a minimum number of Mortgage Loans will be delivered to the Purchaser.The SFLS 2015–1 Mortgage Loans areassigned to HUD pursuant to section 204(a)(1)(A) of the National Housing Act as amended under Title VI of the Departments of Veterans Affairs and Housing and Urban Development and Independent Agencies Appropriations Act, 1999.

• It will be the decision of each Participating Servicer to approve their grantee.

• First, a Participating Servicer is required to gather information and, if appropriate, offer the homeowner a Trial Period Plan (“TPP”).8 The 6 Certain classes of loans, namely those held by Federal National Mortgage Association (“Fannie Mae”), Federal Home Loan Mortgage Corporation (“Freddie Mac”) or companies that accepted money under the TARP program, are subject to mandatory inclusion in HAMP.

• The tool is available to participating servicers on the secure servicer area (using the Participating Servicer Login) of the HAMP Web site www.HMPadmin.com.

• Modification Trial Period A homeowner in a modification trial period may use HOAF to make trial period payments if the Participating Servicer approves.

• Forbearance A homeowner currently in a forbearance payment arrangement may be approved for HOAF assistance if the Participating Servicer approves.

More Definitions of Participating Servicer

Participating Servicer means one of the Servicers other than CitiMortgage, Inc.;

Participating Servicer means one of the Servicers other than J.P. Morgan Chase Bank, N.A.;

Participating Servicer means, for the purpose of Consumer Relief, one of the following entities: (i) SunTrust Banks, Inc.; (ii) J.P. Morgan Chase Bank, N.A.; (iii) Ocwen Financial Corporation; (iv) Ocwen Loan Servicing, LLC; (v) Green Tree Servicing LLC, successor by assignment to Residential Capital, LLC and GMAC Mortgage, LLC; (vi) Bank of America, N.A.; (viii) CitiMortgage, Inc.; or (viii) Wells Fargo & Company and Wells Fargo Bank, N.A.;

Participating Servicer means one of the Servicers that is a party to the Judgment other than Wells Fargo & Company and Wells Fargo Bank, N.A.;