Common use of Agency Approval Clause in Contracts

Agency Approval. The Servicer has been approved by FNMA or FHLMC and will remain approved as an "eligible seller/servicer" of conventional, residential mortgage loans as provided in FNMA or FHLMC guidelines and in good standing. The Servicer has not received any notification from FNMA or FHLMC that the Servicer is not in compliance with the requirements of the approved seller/servicer status or that such agencies have threatened the servicer with revocation of its approved seller/servicer status.

Appears in 76 contracts

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-2 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-Ar5 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-7 Trust)

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Agency Approval. The Servicer has been approved by FNMA or FHLMC and will remain approved as an "eligible seller/servicer" of conventional, residential mortgage loans as provided in FNMA or FHLMC guidelines and in good standing. The Servicer has not received any notification from FNMA or FHLMC that the Servicer is not in compliance with the requirements of the approved seller/servicer status or that such agencies have threatened the servicer with revocation of its approved seller/servicer status.

Appears in 1 contract

Samples: Servicing Agreement (Wells Fargo Asset Securities Corp)

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