ARM Loans. With respect to each adjustable rate Mortgage Loan, the Seller has, and each Prior Servicer has, properly and accurately and in compliance with all Applicable Requirements (i) entered into its system all data required to service the Mortgage Loan, (ii) adjusted the mortgage interest rate on each interest adjustment date, (iii) adjusted the monthly payment on each payment adjustment date, (iv) calculated the amortization of principal and interest on each payment adjustment date, and (v) executed and delivered any and all notices regarding interest rate and payment adjustments.
Appears in 1 contract
Sources: Agreement for the Bulk Purchase and Sale of Mortgage Servicing Rights (HomeStreet, Inc.)
ARM Loans. With respect to each adjustable rate Primary Mortgage Loan, the Seller has, and each Prior Servicer has, has properly and accurately and in material compliance with all Applicable Requirements and Accepted Servicing Practices (ia) entered into its system all data required to service the such Primary Mortgage Loan, (iib) adjusted the mortgage interest rate on each interest adjustment date, (iiic) adjusted the monthly payment on each payment adjustment date, (ivd) calculated the amortization of principal and interest on each payment adjustment date, and (v) executed and delivered any and all notices regarding interest rate and payment adjustments.and
Appears in 1 contract