Residential Servicing Agreement definition

Residential Servicing Agreement means a residential servicing agreement to be entered into between the Owners and the City for the provision of orderly servicing of the Lands, including the installation and construction by the Owners of certain municipal improvements required as a condition of the Subdivision Authority Approval.
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Residential Servicing Agreement means the Assignment, Assumption and Recognition Agreement, attached as Exhibit B hereto, to be entered into by the Seller, the Purchaser and Temple-Inland Mortgage Corporation, as servicer, providing for Temple-Inland Mortgage Corporation to service the Mortgage Loans for the Purchaser as specified by the Residential Servicing Agreement.
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Residential Servicing Agreement and "Servicer" set forth in the Purchase Agreement are deleted in their entirety and replaced with the following:
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Examples of Residential Servicing Agreement in a sentence

  • On or prior to each Closing Date, the Seller shall deliver and release to the Purchaser or its designee the Mortgage Loan Documents with respect to each Mortgage Loan sold to the Purchaser on such Closing Date, and set forth on the Mortgage Loan Schedule, except as otherwise provided in the Residential Servicing Agreement.

  • Other capitalized terms used in this Agreement and not defined herein shall have the respective meanings set forth in the Residential Servicing Agreement attached as Exhibit B hereto.

  • The Purchaser shall retain the Servicer as independent contract servicer of the Mortgage Loans pursuant to and in accordance with the terms and conditions contained in the Residential Servicing Agreement.

  • Subject to any applicable requirements of the Residential Servicing Agreement, the Servicer shall be required to remit all amounts required to be remitted to the Purchaser hereunder to said assignee commencing with the first Remittance Date falling after receipt of said copy of the related Assignment and Assumption Agreement provided that the Servicer receives said copy no later than three (3) Business Days immediately prior to the first day of the month of the related Remittance Date.

  • The Servicer shall conduct such servicing in accordance with the terms of the Residential Servicing Agreement.

  • The Seller shall be entitled to servicing compensation with respect to those transferred Mortgage Loans which have gone into Non-accrual Status on the same basis as the Servicer under the Residential Servicing Agreement.

  • Pursuant to the Residential Servicing Agreement, the Servicer shall service the Mortgage Loans on behalf of the Purchaser and shall be entitled to the Servicing Fee and any Ancillary Income with respect to each Mortgage Loan from the Closing Date with respect to the sale and purchase thereof until the termination of the Residential Servicing Agreement with respect to such Mortgage Loan as set forth in the Residential Servicing Agreement.

  • The Servicing Files relating to any Mortgage Loans purchased by Purchaser hereunder or pursuant to a duly executed Commitment Letter shall be retained by the Servicer in accordance with the terms of the Residential Servicing Agreement and, as provided therein, shall be appropriately identified in the computer system and/or books and records of the Servicer, as appropriate, to clearly reflect the sale of the related Mortgage Loan to the Purchaser.

  • The Purchaser shall, with respect to any Mortgage Loan purchased hereunder or pursuant to a duly executed Commitment Letter, be entitled to (1) all principal due after the applicable Cut-off Date, (2) all other recoveries of principal collected on or after the applicable Cut-off Date and (3) all payments of interest on the Mortgage Loans (net of applicable Servicing Fees as provided in the Residential Servicing Agreement) collected on or after such Cut-off Date.

  • Subject to any applicable requirements of the Residential Servicing Agreement, this Agreement may be assigned, pledged or hypothecated by the Purchaser without the prior consent of the Seller.


More Definitions of Residential Servicing Agreement

Residential Servicing Agreement means as the context requires, either (i) the Assignment, Assumption and Recognition Agreement, attached as Exhibit B to the Agreement, entered into on October 3, 1997 by the Seller, the Purchaser and Temple-Inland Mortgage Corporation, as servicer, providing for Temple-Inland Mortgage Corporation to service certain Mortgage Loans for the Purchaser as specified by the Assignment, Assumption and Recognition Agreement or (ii) the agreement, attached as Annex A to the Second Amendment, to be entered into by the Purchaser and the Seller to service Mortgage Loans as specified by such agreement.
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Related to Residential Servicing Agreement

  • 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.

  • Interim Servicing Agreement The agreement to be entered into by the Purchaser and the Interim Servicer, providing for the Interim Servicer to service the Mortgage Loans as specified by the Interim Servicing Agreement.

  • Master Servicing Agreement means the master servicing agreement entered into on 20 May 2013 between the Guarantor, the Issuer and the Master Servicer.

  • Primary Servicing Agreement means the agreement between the applicable Primary Servicer and the Master Servicer, under which such applicable Primary Servicer services the Mortgage Loans set forth on the schedule attached thereto.

  • National City Servicing Agreement Solely with respect to the National City Mortgage Loans, the Master Seller’s Warranties and Servicing Agreement, dated as of October 1, 2001, between the Transferor and National City, as the same may be amended from time to time, and any assignments and conveyances related to the National City Mortgage Loans.

  • Subservicing Agreement The written contract between the Master Servicer and any Subservicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02, generally in the form of the servicer contract referred to or contained in the Program Guide or in such other form as has been approved by the Master Servicer and the Depositor.

  • Sub-Servicing Agreement The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

  • Basic Servicing Agreement has the meaning set forth in the Recitals.

  • Non-Lead Servicing Agreement means the pooling and servicing agreement, trust and servicing agreement or other similar agreement to be entered into in connection with a Non-Lead Securitization Note.

  • Securitization Servicing Agreement means the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement.

  • Servicing Agreement means such subsequent Servicing Agreement; provided, however, that until a replacement Servicing Agreement has been entered into (and such written confirmation has been obtained), the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage Loan; provided, further, however, that until a replacement Servicing Agreement is in place, the actual servicing of the Mortgage Loan may be performed by any Qualified Servicer appointed by the Note A-1 Holder and does not have to be performed by the service providers set forth under the Servicing Agreement that was previously in effect.

  • Subservicing Agreements As defined in Section 3.02(a).

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Servicing Agreements Each of the Servicing Agreements executed with respect to a portion of the Mortgage Loans by one of the Servicers, which agreements are attached hereto, collectively, as Exhibit L.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Back-Up Servicing Agreement means that certain Back-Up Servicing Agreement to be entered into by and among the Company, the Administrative Agent and the Back-Up Servicer, as such agreement may be amended, restated, supplemented or otherwise modified from time to time.

  • 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.

  • Non-Lead Servicing Agreements means the PSA with respect to each Non-Lead Note (other than the Non-Lead Note that is included in the Lead Securitization).

  • Substitute Servicing Agreement means a servicing agreement that contains servicing provisions which are the same as or more favorable to the Non-Lead Noteholders, in substance, to those in the Servicing Agreement (including, without limitation, all applicable provisions relating to delivery of information and reports necessary for any Non-Lead Securitization to comply with any applicable reporting requirements under the Securities Exchange Act of 1934, as amended) and all references herein to the “Servicing Agreement” shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization Note is in a Securitization, then a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to such subsequent servicing agreement.

  • Sale and Servicing Agreement means the Sale and Servicing Agreement, dated as of the Closing Date, between the Seller, the Issuer, the Servicer and the Indenture Trustee, as the same may be amended, modified or supplemented from time to time.

  • Transfer and Servicing Agreement means the Amended and Restated Transfer and Servicing Agreement dated as of May 1, 2007 among the Transferor, the Servicer, and the Indenture Trustee, as the same may be amended, modified or supplemented.

  • Mortgage Loan Purchase Agreement The agreement between the Seller and the Depositor, regarding the transfer of the Mortgage Loans by the Seller to or at the direction of the Depositor, substantially in the form of Exhibit D annexed hereto.

  • Other Servicing Agreements The Servicing Agreements other than the WFHM Servicing Agreement.