Examples of Xxxxxx Xxx Selling Guide in a sentence
Review the Xxxxxx Xxx Selling Guide effective November 3, 2015, Section B2-3-04, available at xxx.xxxxxxxxx.xxx, for more information.
Except in the case of a Mortgage Loan in an original principal amount of less than $60,000 which would have resulted in an unprofitable origination, no Mortgagor was charged “points and fees” (whether or not financed) in an amount greater than 5% of the principal amount of such Mortgage Loan, such 5% limitation is calculated in accordance with Xxxxxx Mae’s anti-predatory lending requirements as set forth in the Xxxxxx Xxx Selling Guide.
Non-Arm’s Length Transactions Per Xxxxxx Xxx Selling Guide or Freddie Mac Seller Guide as applicable Credit AUS • Xxxxxx Xxx DU Approve/Eligible or Freddie Mac Loan Prospect Advisor (LPA) Accept/Eligible is required.
Each Mortgage Loan is in compliance with the anti-predatory lending eligibility for purchase requirements of the Xxxxxx Xxx Selling Guide.
The Xxxxxx Xxx Selling Guide and the Xxxxxx Mae Servicing Guide and all amendments or additions thereto.
Except in the case of a Mortgage Loan in an original principal amount of less than $60,000 which would have resulted in an unprofitable origination, no borrower was charged “points and fees” (whether or not financed) in an amount greater than 5% of the principal amount of such loan, such 5% limitation is calculated in accordance with Xxxxxx Mae’s anti-predatory lending requirements as set forth in the Xxxxxx Xxx Selling Guide.
The Company will transmit full-file credit reporting data for each Mortgage Loan pursuant to the Xxxxxx Xxx Selling Guide and that for each Mortgage Loan, the Company agrees it shall report one of the following statuses each month as follows: new origination, current, delinquent (30-, 60-, 90-days, etc.), foreclosed, or charged-off.
Notwithstanding the same, Xxxxxx agrees to originate loans in conformance with the guidelines present in the applicable published conventional or government selling guides (the “Guides”), including but not limited to: the Freddie Mac Selling Guide, Xxxxxx Xxx Selling Guide, FHA Handbook, VA Lenders Handbook, and USDA Handbook.
With respect to each Co-op Loan, the related Co-op Corporation that owns title to the related Co-op Project is a “cooperative housing corporation” within the meaning of Section 216 of the Internal Revenue Code, and otherwise meet the requirements for cooperative loans set forth in the Xxxxxx Xxx Selling Guide.
Xxxxxx Mae Guide: The Xxxxxx Xxx Selling Guide and the Xxxxxx Mae Servicing Guide and all amendments or additions thereto.