Xxxxxx Xxx Servicing Rights definition

Xxxxxx Xxx Servicing Rights means Servicing Rights of Borrower with respect to Mortgage Loans that are subject to a mortgage-backed security guaranteed by Xxxxxx Mae or are owned by or administered by Xxxxxx Xxx.
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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.

  • Master Servicing Fee As to any Distribution Date, an amount equal to one-twelfth the product of (a) the Master Servicing Fee Rate and (b) the outstanding principal balance of each Mortgage Loan. Master Servicing Fee Rate: 0.00% per annum.

  • Excess Servicing Fee Right With respect to each Mortgage Loan (including an REO Mortgage Loan with respect thereto), the right to receive Excess Servicing Fees. In the absence of any transfer of the Excess Servicing Fee Right, the Master Servicer shall be the owner of such Excess Servicing Fee Right.

  • Subservicing Fee As to any Mortgage Loan, the fee payable monthly to the related Subservicer (or, in the case of a Nonsubserviced Mortgage Loan, to the Master Servicer) in respect of subservicing and other compensation that accrues at an annual rate equal to the excess of the Mortgage Rate borne by the related Mortgage Note over the rate per annum designated on the Mortgage Loan Schedule as the "CURR NET" for such Mortgage Loan.

  • Master Servicing Fee Rate With respect to each Mortgage Loan, 0.25% per annum.

  • 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.

  • Master Servicing Agreement means the master servicing agreement entered into on 20 May 2013 between the Guarantor, the Issuer and the Master Servicer.

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

  • Primary Servicing Fee means, with respect to each Mortgage Loan and REO Mortgage Loan, the fee payable to the Primary Servicer pursuant to Section 3.01(c)(20) of this Agreement.

  • 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.

  • Mortgage Loan Seller Sub-Servicer A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller, as listed on Exhibit S to this Agreement, or any successor thereto.

  • Net Servicing Fee Rate means (a) so long as the Seller or The Bank of New York is the Servicer, 1.25% per annum and (b) if the Seller or The Bank of New York is no longer the Servicer, 2.0% per annum.

  • General Servicing Fee With respect to each Due Period and any Mortgage Loan, an amount equal to one-twelfth the product of (i) the General Servicing Fee Rate and (ii) the outstanding principal balance of such Mortgage Loan as of the related Determination Date. The General Servicing Fee is payable solely from, the interest portion (including recoveries with respect to interest from Liquidation Proceeds to the extent permitted by Section 3.02 of this Agreement) of such Monthly Payments collected by the Servicer, or as otherwise provided under this Agreement. General Servicing Fee Rate: 0.50% per annum.

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

  • Other Servicer Mortgage Loan Any of the Mortgage Loans, if any, identified in Exhibit F-2 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, which Mortgage Loan is serviced under an Other Servicing Agreement.

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

  • Special Servicing Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Primary Servicing Fee Rate means, with respect to each Mortgage Loan, the rate that corresponds to such Mortgage Loan set forth on Exhibit A hereto under the heading “Primary Servicing Fee.”

  • 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.

  • Sub-Servicing Agreement The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

  • Servicing Arrangement is defined in Section 11.06(b).

  • Excess Servicing Fees With respect to each Mortgage Loan (including an REO Mortgage Loan), that portion of the Servicing Fee that accrues at a per annum rate equal to the Excess Servicing Fee Rate.

  • GreenPoint Servicing Agreement Solely with respect to the GreenPoint Mortgage Loans, the Master Loan Purchase and Servicing Agreement, dated as of March 1, 2003, between the Transferor, as purchaser, and GreenPoint, as seller and as servicer, and as the same may be amended further from time to time, and any assignments and conveyances related to the GreenPoint Mortgage Loans.

  • Non-Lead Servicing Agreement means the pooling and servicing agreement, trust and servicing agreement or other similar agreement to be entered into in connection with a Non-Lead Securitization Note.