Whole Loan Transfer definition

Whole Loan Transfer. Any sale or transfer of some or all of the Mortgage Loans, other than a Securitization Transaction.

Whole Loan Transfer. Any sale or transfer of some or all of the Mortgage Loans by the Purchaser to a third party, which sale or transfer is not a Pass-Through Transfer.

Whole Loan Transfer. The sale or transfer by Purchaser of some or all of the Mortgage Loans in a whole loan or participation format pursuant to a Reconstitution Agreement.

Examples of Whole Loan Transfer in a sentence

• Any prospective assignees of the Purchaser who have entered into a commitment to purchase any of the Mortgage Loans in a Whole Loan Transfer may review the Seller’s servicing and origination operations, upon reasonable prior notice to the Seller, and the Seller shall cooperate with such review and underwriting to the extent such prospective assignees request information or documents that are available and can be produced without unreasonable expense or effort.

• The Purchaser hereby agrees to reimburse the Seller for reasonable “out-of-pocket” expenses incurred by the Seller that relate to such Whole Loan Transfer, including without limitation reimbursement for the amount which reasonably reflects time and effort expended by the Seller in connection therewith.

• In no event shall the Seller service, or bear any obligation for the servicing of, any Mortgage Loan into any Securitization Transaction, Whole Loan Transfer, or in connection with the reconstitution of any Mortgage Loan.

• In connection therewith, the Purchaser shall deliver any Reconstitution Agreement or other document related to the Whole Loan Transfer to the Seller at least fifteen (15) days prior to such transfer and the Seller shall execute any Reconstitution Agreement that restates the representations and warranties contained in Subsection 7.01 as of the related Closing Date and Subsection 7.02 herein as of the Reconstitution Date.

• All Mortgage Loans not sold or transferred pursuant to a Whole Loan Transfer or Pass-Through Transfer shall be subject to this Agreement and shall continue to be serviced in accordance with the terms of this Agreement and with respect thereto this Agreement shall remain in full force and effect.

More Definitions of Whole Loan Transfer

Whole Loan Transfer. The sale or transfer of some or all of the Mortgage Loans to a third party purchaser in a whole loan transaction pursuant to a seller's warranties and servicing agreement or a participation and servicing agreement, retaining the Servicer as "servicer" thereunder.

Whole Loan Transfer. As defined in Section 11.01(a)(i).

Whole Loan Transfer. The sale or transfer of some or all of the ownership interest in the Mortgage Loans by the Owner to one or more third parties in whole loan or participation format, which third party may be Xxxxxx Xxx or Xxxxxxx Mac.

Whole Loan Transfer. Any sale or transfer of all of the Mortgage Loans by the Initial Owner to a third party.

Whole Loan Transfer. Any sale or transfer of some or all of the Mortgage Loans by the Purchaser to a third party which sale or transfer is not a Securitization Transfer, Fannie Mae Transfer or a Freddie Mac Transfer.

Whole Loan Transfer means any sale or transfer of (including the sale of a participation or other interest in) some or all of the Contracts and/or other Sold Assets by the Purchaser to a third party, which sale or transfer is not a Securitization Transaction.

Whole Loan Transfer. Any sale or transfer of some or all of the Mortgage Loans by the Owner to a third party, which sale or transfer is not a Pass-Through Transfer. Capitalized terms which are used herein but not otherwise defined shall have the meaning provided in the Purchase Agreement except to the extent that the context indicates otherwise.