Serviced Loans definition
Serviced Loans means all Mortgage Loans serviced or required to be serviced by the Seller under any Servicing Agreement, irrespective of whether the actual servicing is done by another Person (a subservicer) retained by the Seller for that purpose.
Serviced Loans shall have the meaning specified in the Servicer Acknowledgment.
Serviced Loans has the meaning set forth in Section 4.15(c).
Examples of Serviced Loans in a sentence
If the Servicer receives any request for such modification, waiver (other than waivers of late payment charges and default interest on Commercial Real Estate Loans that are not Specially Serviced Loans) or consent, the Servicer shall forward such request to the Special Servicer for analysis and processing and the Servicer shall have no further liability or duty with respect thereto.
The Special Servicer shall make the inspections, use its reasonable efforts to collect the statements and forward to the Servicer reports in respect of the related Mortgaged Properties or REO Properties with respect to Specially Serviced Loans in accordance with, and to the extent required by, Section 3.12.
More Definitions of Serviced Loans
Serviced Loans. All of the Commercial Real Estate Loans except the Non-Serviced Loans, which Non-Serviced Loans are serviced and administered pursuant to a servicing agreement other than this Agreement.
Serviced Loans means Mortgage Loans that a Mortgage Company Subsidiary is Servicing under Servicing Agreements.
Serviced Loans shall have the meaning specified in the definition of Servicing Agreement.
Serviced Loans means each of those loans secured by a mortgage lien on a multi-family residential property, health care facility, senior citizen facility or other property, with respect to which any Borrower provides servicing or subservicing (but only if such subservicing is technically styled as subservicing but is performed under a contract directly between a Borrower and Fannie Mae, Freddie Mac, GNMA or the master services under a pri▇▇▇▇ mortgag▇ ▇▇▇▇ted security program) pursuant to a Servicing Contract.
Serviced Loans means all Purchased Loans other than Purchased Loans with respect to which the applicable Seller initiated any Litigation prior to the Closing Date.
Serviced Loans means all Mortgage Loans serviced or required to be serviced by the Seller under any Servicing Agreement, irrespective of whether the actual servicing is done by another Person (a subservicer) retained by the Seller for that purpose. “Servicer” means, initially the Seller, and upon termination of the Seller’s right to service the Purchased Loans pursuant to the provisions of Section 19.7, the Backup Servicer or such other Person (including the Agent) as the Agent may appoint as Servicer. “Servicing Agreement” means, with respect to any Person, the arrangement, whether or not in writing, pursuant to which that Person acts as servicer of Mortgage Loans, whether owned by that Person or by others. “Servicing Functions” means, with respect to the servicing of Mortgage Loans, the collection of payments for the reduction of principal and application of interest, collection of amounts held or to be held in escrow for payment of taxes, insurance and other escrow items and payment of such taxes and insurance from amounts so collected, foreclosure services, and all other actions required to conform with Accepted Servicing Practices. “Servicing Records” has the meaning given the term in Section 19.5 hereof. “Servicing Rights” means the rights and obligations to administer and service a Mortgage Loan, including, without limitation, the rights and obligations to: ensure the taxes and insurance are paid, provide foreclosure services, provide full escrow administration and perform any other obligations required by any owner of a Mortgage Loan, collect the payments for the reduction of principal and application of interest, and manage and remit collected payments.
Serviced Loans means each of those loans secured by a mortgage lien on a multi-family residential property, health care facility, senior citizen facility or other property, with respect to which the Borrower provides servicing or subservicing (but only if such subservicing is technically styled as subservicing but is performed under a contract directly between the Borrower and F▇▇▇▇▇ M▇▇, F▇▇▇▇▇▇ Mac or G▇▇▇▇▇ Mae) pursuant to a Servicing Contract.