Examples of Weichert Mortgage Loan in a sentence
GSMC acquired certain mortgage loans (the "Weichert Mortgage Loans") set forth on the mortgage loan schedule attached hereto as Schedule VI (the "Weichert Mortgage Loan Schedule") from Mortgage Access Corp.
The Weichert Mortgage Loan was originated by a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act, a savings and loan association, a savings bank, a commercial bank, credit union, insurance company or other similar institution which is supervised and examined by a federal or state authority.
No payment under any Weichert Mortgage Loan has been 30 days delinquent at any time since the origination of the Weichert Mortgage Loan.
The Weichert Mortgage Loan is subject to a Prepayment Penalty as provided in the related Mortgage Note or rider.
The Loan-to-Value Ratio of each Weichert Mortgage Loan was less than 100% at the time of its origination or refinancing, as applicable.
Weichert, in its capacity as Interim Servicer for each Weichert Mortgage Loan, has fully furnished, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its borrower Credit Files to Equifax, Experian and Trans Union Credit Information Company (three of the credit repositories), on a monthly basis.
Upon execution of this Guaranty Supplement, the Partnership Guaranty shall be deemed to be amended as set forth above.
The Mortgage Note, the Mortgage, the Assignment of Mortgage and any other documents constituting the Mortgage File for each Weichert Mortgage Loan have been delivered to the Custodian.
The Mortgage Note is payable in equal monthly installments of principal and interest, which installments of interest, with respect to Adjustable Rate Mortgage Loans, are subject to change due to the adjustments to the Mortgage Interest Rate on each Interest Rate Adjustment Date, with interest calculated and payable in arrears, sufficient to amortize the Weichert Mortgage Loan fully by the stated maturity date, over an original term of not more than thirty years from commencement of amortization.
The origination, servicing and collection practices used by Weichert, and any prior servicer with respect to the Weichert Mortgage Loan have been in all respects in compliance with Accepted Servicing Practices, applicable laws and regulations, and have been in all respects legal and proper and prudent in the mortgage origination and servicing business.