Xxxxxx Xxx Servicing Rights definition

Xxxxxx Xxx Servicing Rights means Servicing Rights of Borrower with respect to Mortgage Loans owned, or that have been securitized in MBS guaranteed, by Xxxxxx Mae.
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Xxxxxx Xxx Servicing Rights means all Servicing Rights that are Eligible Servicing Rights with respect to Xxxxxx Xxx.
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Xxxxxx Xxx Servicing Rights means all Servicing Rights with respect to mortgage loans serviced by the Borrower for Xxxxxx Xxx under the following seller/servicer numbers: not applicable.
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Examples of Xxxxxx Xxx Servicing Rights in a sentence

  • With respect to Xxxxxx Xxx Servicing Rights and to the extent necessary, Borrower is an FHA Approved Mortgagee and a VA Approved Lender.

  • Pursuant to that Loan Agreement, the Lender was granted a blanket lien on all Xxxxxx Xxx Servicing Rights.

  • The Seller shall not enter into any other financing facility with a buyer other than the Buyer to provide for the financing of Xxxxxx Xxx Servicing Rights.

  • With respect to Xxxxxx Xxx Servicing Rights, Nationstar has the right to collect and retain the Stated Servicing Fee on each Mortgage Loan earned and calculated in accordance with the Guides.

  • The methodology for the calculation of the purchase price shall differ depending on whether the Xxxxxx Xxx Rights are Xxxxxx Xxx Servicing Rights or Xxxxxx Xxx Subservicing Appointments.

  • Xxxxxx Xxx shall consider and consult in good faith with Nationstar about providing financing for subsequent purchases of Xxxxxx Xxx Servicing Rights.

  • Nationstar shall follow the requirements of the Xxxxxx Xxx Guides with respect to assignments of Mortgages in connection with its acquisition of Xxxxxx Xxx Servicing Rights.

  • PLS is the servicer under the Servicing Contracts related to the Xxxxxx Xxx Servicing Rights and has sold and desires to sell from time to time to Pledgor all of PLS’s right, title and interest in and to the Portfolio Excess Spread (as defined below).

  • Notwithstanding anything to the contrary contained in the Loan and Security Agreement, although the Collateral Value of the Xxxxxx Xxx Servicing Rights has increased and may increase on and after the date hereof, the Lender shall not make future Loan Advances with respect to Xxxxxx Mae Servicing Rights other than Borrower Originated Xxxxxx Xxx Servicing Rights, unless expressly consented to by the Lender.

  • Borrower shall not enter into any other financing facility with a lender other than the Lender to provide for the financing of Xxxxxx Xxx Servicing Rights and Xxxxxxx Mac Servicing Rights.


More Definitions of Xxxxxx Xxx Servicing Rights

Xxxxxx Xxx Servicing Rights means the Seller’s rights under the Xxxxxx Mae Agreements to service Xxxxxx Xxx Loans in the Acquired Servicing Portfolio as the servicer thereunder including the right to receive Servicing Fees and any rights with respect to any escrow or other accounts established in connection therewith.
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Related to Xxxxxx Xxx Servicing Rights

  • Servicing Rights means rights of any Person, to administer, service or subservice, the Purchased Assets or to possess related Servicing Records.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • Base Servicing Fee means the fee payable to the Servicer on each Distribution Date for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Rate multiplied by the Pool Balance as of the close of business on the last day of the immediately preceding Collection Period or, with respect to the first Distribution Date, the Original Pool Balance.

  • Sale and Servicing Agreement Collateral shall have the meaning set forth in Section 2.4.

  • Servicing Portfolio means, as to any Person, the unpaid principal balance of Mortgage Loans serviced by that Person under Servicing Contracts, minus the principal balance of all Mortgage Loans that are serviced by that Person for others under subservicing arrangements.

  • Collateral Servicing Fee shall have the meaning set forth in Section 3.01.

  • 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.