Common use of Condominiums/Planned Unit Developments Clause in Contracts

Condominiums/Planned Unit Developments. If the Mortgage Loan is a condominium loan, the related residential dwelling is a condominium unit or a unit in a planned unit development (other than a de minimis planned unit development) and such condominium or planned unit development project meets the eligibility requirements of Xxxxxx Mae and Xxxxxxx Mac including Xxxxxx Mae eligibility requirements for sale to Xxxxxx Xxx or is located in a condominium or planned unit development project which has received Xxxxxx Mae project approval and the representations and warranties required by Xxxxxx Xxx with respect to such condominium or planned unit development have been made and remain true and correct in all respects.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Lennar Corp /New/), Master Repurchase Agreement (loanDepot, Inc.)

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Condominiums/Planned Unit Developments. If the Mortgage Loan is a condominium loan, the related residential dwelling is a condominium unit or a unit in a planned unit development (other than a de minimis planned unit development) and such condominium or planned unit development project meets the eligibility requirements of Xxxxxx Mae and Xxxxxxx Mac including Xxxxxx Mae eligibility requirements for sale to Xxxxxx Xxx or is located in a condominium or planned unit development project which that has received Xxxxxx Mae project approval and the representations and warranties required by Xxxxxx Xxx with respect to such condominium or planned unit development have been made and remain true and correct in all respects.

Appears in 2 contracts

Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

Condominiums/Planned Unit Developments. If the Mortgage Loan is a condominium loan, the related residential dwelling is a condominium unit or a unit in a planned unit development (other than a de minimis planned unit development) and such condominium or planned unit development project meets the eligibility requirements of Xxxxxx Mae Xxx and Xxxxxxx Mac including Xxxxxx Mae eligibility requirements for sale to Xxxxxx Xxx or is located in a condominium or planned unit development project which that has received Xxxxxx Mae project approval and the representations and warranties required by Xxxxxx Xxx with respect to such condominium or planned unit development have been made and remain true and correct in all respects.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Condominiums/Planned Unit Developments. If the Mortgage Loan is a condominium loan, the related residential dwelling is a condominium unit or a unit in a planned unit development (other than a de minimis planned unit development) and such condominium or planned unit development project meets the eligibility requirements of Xxxxxx Mae Xxx and Xxxxxxx Mac including Xxxxxx Mae eligibility requirements for sale to Xxxxxx Xxx or is located in a condominium or planned unit development project which has received Xxxxxx Mae project approval and the representations and warranties required by Xxxxxx Xxx with respect to such condominium or planned unit development have been made and remain true and correct in all respects.

Appears in 1 contract

Samples: Master Repurchase Agreement (Ryland Group Inc)

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Condominiums/Planned Unit Developments. If the Mortgage Loan is a condominium loanCooperative Loan, the related residential dwelling is a condominium unit or a unit in a planned unit development (other than a de minimis planned unit development) and such condominium or planned unit development project meets the eligibility requirements of Xxxxxx Mae and Xxxxxxx Mac including Xxxxxx Mae eligibility requirements for sale to Xxxxxx Xxx or is located in a condominium or planned unit development project which has received Xxxxxx Mae project approval and the representations and warranties required by Xxxxxx Xxx with respect to such condominium or planned unit development have been made and remain true and correct in all respects.

Appears in 1 contract

Samples: Master Repurchase Agreement (Pulte Homes Inc/Mi/)

Condominiums/Planned Unit Developments. If the Mortgage Loan is a condominium loan, the related residential dwelling is a condominium unit or a unit in a planned unit development (other than a de minimis planned unit development) and such condominium or planned unit development project meets the eligibility requirements of Xxxxxx Fxxxxx Mae and Xxxxxxx Mac including Xxxxxx Mae eligibility requirements for sale to Xxxxxx Xxx or is located in a condominium or planned unit development project which has received Xxxxxx Mae project approval and the representations and warranties required by Xxxxxx Xxx with respect to such condominium or planned unit development have been made and remain true and correct in all respectsFxxxxxx Mac.

Appears in 1 contract

Samples: Master Repurchase Agreement (AmeriHome, Inc.)

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