SLM ECFC definition

SLM ECFC means SLM Education Credit Finance Corporation.
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Examples of SLM ECFC in a sentence

  • Sallie Mae provided the Department with Month-End Loan Schedules for SLM ECFC, ALL, and USC.

  • An international comparison also reveals that the lack of ubiquitous availability is not the cause of low take rate.

  • The depositor and its affiliates, including SLM ECFC and the servicer, and unrelated third parties may offer bids to purchase the trust student loans.

  • SLM Corporation is the parent company of Sallie Mae (a Servicer) and SLM Education Credit Finance Corporation (SLM ECFC) (an eligible lender and Sponsor).3 As of September 2010, SLM Corporation, through its subsidiaries, managed $182 billion in education loans and served 10 million student and parent customers.

  • Sallie Mae (as Servicer) was not a party to the 2009-2010 MPA; SLM ECFC was the Sponsor under the 2009-2010 MPA and was the party responsible for interpreting the 2009-2010 MPA.

  • Hold SLM ECFC (as Sponsor) responsible, to the extent permitted under Section 14(a) of the MPA, for any liabilities arising from the participation of 28,913 ineligible loans (with a total outstanding loan principal balance of $96,185,703 as ofAugust 3, 2010) under the 2009-2010 LPP Program.

  • Sallie Mae Prepared Month-End Loan Schedules That Included Ineligible Loans Participated by SLM ECFC Sallie Mae did not comply with Section 11(c) of its Custodian Agreement with Wells Fargo (as Custodian) and SLM ECFC (as Sponsor), because it did not exercise due care in preparing the Loan Schedules that would be relied upon by the Custodian, as trustee for the benefit of the Department.

  • In order to select our judgmental sample, we first randomly sampled 25 of the 112,624 loans from SLM ECFC that were not sold to the Department.

  • This query selected only the loans that had the LID associated with Wells Fargo as Custodian for SLM ECFC for the 2009-2010 LLP Program (LID 834487), which also contained the LID associated with Wells Fargo as Custodian for SLM ECFC for the 2008-2009 LLP Program (LID 834422).

  • As a result of selling participation interests in the 28,913 ineligible loans to the Department in the 2009-2010 LPP Program, SLM ECFC received the financial benefit of having a reliable source of funds, which it was not entitled, to make these loan commitments twice: first under the 2008-2009 LPP Program and then again under the 2009-2010 LPP Program.

Related to SLM ECFC

  • 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.

  • Town Manager means the Town Manager of the Town of Chapel Hill or his/her designee and anyone acting pursuant to authority vested by state statute or local ordinance to issue local permits for Development on behalf of the Town of Chapel Hill.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • Countrywide Servicing Countrywide Home Loans Servicing LP, a Texas limited partnership and its successors and assigns.

  • Substitute Servicing Agreement means a servicing agreement that contains servicing provisions which are the same as or more favorable to the Non-Lead Noteholders, in substance, to those in the Servicing Agreement (including, without limitation, all applicable provisions relating to delivery of information and reports necessary for any Non-Lead Securitization to comply with any applicable reporting requirements under the Securities Exchange Act of 1934, as amended) and all references herein to the “Servicing Agreement” shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization Note is in a Securitization, then a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to such subsequent servicing agreement.

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Town Clerk means a town officer elected pursuant to 24 V.S.A.

  • Pooling and Servicing Agreement The pooling and servicing agreement among Wells Fargo Asset Securities Corporation, as depositor, Wells Fargo Xxxx, N.A., as master servicer, the Trustee, and, if appxxxxxle, the Trust Administrator, relating to the issuance of the Mortgage Pass-Through Certificates.

  • Transfer and Servicing Agreement means the Amended and Restated Transfer and Servicing Agreement dated as of May 1, 2007 among the Transferor, the Servicer, and the Indenture Trustee, as the same may be amended, modified or supplemented.

  • Countrywide Countrywide Home Loans, Inc., a New York corporation and its successors and assigns.

  • Shareholder Servicing Agent shall have the meaning designated in Section 5.2(f) hereof.

  • 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 Rights Pledgee One or more lenders, selected by the Servicer, to which the Servicer may pledge and assign all of its right, title and interest in, to and under this Agreement.

  • Depositor means Advisors Asset Management, Inc. and its successors in interest, or any successor depositor appointed as hereinafter provided."

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • CM/ECF means the Bankruptcy Court’s Case Management and Electronic Case Filing system.

  • Primary Servicing Agreement means the agreement between the applicable Primary Servicer and the Master Servicer, under which such applicable Primary Servicer services the Mortgage Loans set forth on the schedule attached thereto.

  • Purchased Student Loan means a Financed Student Loan purchased as of the close of business on the last day of a Monthly Collection Period or Collection Period, as applicable, by the Servicer pursuant to Section 3.05 of the Servicing Agreement or repurchased by the Seller pursuant to Section 3.02 of the Loan Sale Agreement.

  • Securitization Servicing Agreement means the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement.

  • the Seller means the person so described in the Order;

  • Non-Lead Master Servicer means the applicable “master servicer” under any Non-Lead Securitization Servicing Agreement.

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

  • Successor Master Servicer The meaning ascribed to such term pursuant to Section 8.02.