ARMs. Seller to provide Purchaser a listing of all ARM loans in the transfer. · For each Adjustable Rate Mortgage in the sale portfolio, Seller shall provide the following information at Transfer Date: (i) Copies of all Notes and Riders (including applicable modifications and addendums/exhibits); (ii) Copies of all adjustment notifications; (iii) Copies of payment transaction history. · For each ARM loan having an interest rate change date within 30 days of the Transfer Date, Seller warrants that they have made the appropriate adjustments and notified the borrower of same in accordance with the Note and applicable state and federal guidelines.
Appears in 3 contracts
Sources: Seller’s Purchase, Warranties and Interim Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-11ar), Seller’s Purchase, Warranties and Interim Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-11ar), Seller’s Purchase, Warranties and Interim Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax)