Common use of Conversion to Fixed Interest Rate Clause in Contracts

Conversion to Fixed Interest Rate. Except as allowed by Xxxxxx Mae or Xxxxxxx Mac or otherwise as expressly approved in writing by Buyer, with respect to adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a fixed interest rate Mortgage Loan.

Appears in 15 contracts

Samples: Master Repurchase Agreement and Securities Contract (Caliber Home Loans, Inc.), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (ECC Capital CORP)

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Conversion to Fixed Interest Rate. Except as allowed by Xxxxxx Mae or Xxxxxxx Mac the applicable Loan Program Authority or otherwise as expressly approved in writing by Buyer, with respect to adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a fixed interest rate Mortgage Loan.

Appears in 7 contracts

Samples: Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.), Master Repurchase Agreement and Securities Contract (loanDepot, Inc.), Master Repurchase Agreement and Securities Contract (Radian Group Inc)

Conversion to Fixed Interest Rate. Except as allowed by Xxxxxx Mae or Xxxxxxx Mac or otherwise as expressly approved in writing by BuyerAdministrative Agent, with respect to adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a fixed interest rate Mortgage Loan.

Appears in 6 contracts

Samples: Master Repurchase Agreement (Walter Investment Management Corp), Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (UWM Holdings Corp)

Conversion to Fixed Interest Rate. Except as allowed by Xxxxxx Mae Xxx or Xxxxxxx Mac or otherwise as expressly approved in writing by BuyerAdministrative Agent, with respect to adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a fixed interest rate Mortgage Loan.

Appears in 4 contracts

Samples: Master Repurchase Agreement (Home Point Capital Inc.), Master Repurchase Agreement (Home Point Capital Inc.), Master Repurchase Agreement (Home Point Capital Inc.)

Conversion to Fixed Interest Rate. Except as allowed by Xxxxxx Mae or Xxxxxxx Mac or otherwise as expressly approved in writing by BuyerAdministrative Agent, with respect to adjustable rate Transaction Mortgage Loans, the Transaction Mortgage Loan is not convertible to a fixed interest rate Transaction Mortgage Loan.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Walter Investment Management Corp), Master Repurchase Agreement (DITECH HOLDING Corp), Master Repurchase Agreement (Walter Investment Management Corp)

Conversion to Fixed Interest Rate. Except as allowed by Xxxxxx Fxxxxx Mae or Xxxxxxx Fxxxxxx Mac or otherwise as expressly approved in writing by Buyer, with respect to adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a fixed interest rate Mortgage Loan.

Appears in 2 contracts

Samples: Master Repurchase Agreement and Securities Contract (AmeriHome, Inc.), Electronic Tracking Agreement (Home Point Capital Inc.)

Conversion to Fixed Interest Rate. Except as allowed by Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac or otherwise as expressly approved in writing by wrixxxx xy Buyer, with respect xxxx xespect to adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a fixed interest rate Mortgage Loan.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Oak Street Financial Services Inc), Chimera Investment Corp

Conversion to Fixed Interest Rate. Except (i) as allowed by Xxxxxx Mae or Xxxxxxx Mac, (ii) as would be allowed by Xxxxxx Mae or Xxxxxxx Mac but for limits by such Agencies on loan amounts, or (iii) or otherwise as expressly approved in writing by Buyer, with respect to adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a fixed interest rate Mortgage Loan.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Fieldstone Investment Corp), Master Repurchase Agreement (Fieldstone Investment Corp)

Conversion to Fixed Interest Rate. Except (i) as allowed by Xxxxxx Mae or Xxxxxxx Mac, (ii) as would be allowed by Xxxxxx Mae or Xxxxxxx Mac but for limits by such Agencies on loan amounts, or (iii) or otherwise as expressly approved in writing by BuyerAdministrative Agent, with respect to adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a fixed interest rate Mortgage Loan.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Fieldstone Investment Corp), Master Repurchase Agreement (Fieldstone Investment Corp)

Conversion to Fixed Interest Rate. Except as allowed by Xxxxxx Mae Xxx, Freddie Mac or Xxxxxxx Mac GNMA or otherwise as expressly approved in writing by BuyerAdministrative Agent, with respect to adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a fixed interest rate Mortgage Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

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Conversion to Fixed Interest Rate. Except as allowed by Xxxxxx Mae or Xxxxxxx Mac or otherwise as expressly approved in writing by BuyerBuyers or Administrative Agent, with respect to adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a fixed interest rate Mortgage Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.)

Conversion to Fixed Interest Rate. Except as allowed by Xxxxxx Mae or Mae, Xxxxxxx Mac or GNMA or otherwise as expressly approved in writing by BuyerAdministrative Agent, with respect to adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a fixed interest rate Mortgage Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

Conversion to Fixed Interest Rate. Except as allowed by Xxxxxx Mae Fxxxxx Mxx or Xxxxxxx Freddie Mac or otherwise as expressly approved in writing by BuyerAdministrative Agent, with respect to adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a fixed interest rate Mortgage Loan.

Appears in 1 contract

Samples: Repurchase Agreement (Home Point Capital Inc.)

Conversion to Fixed Interest Rate. Except as allowed by Xxxxxx Mae Xxx or Xxxxxxx Mac or otherwise as expressly approved in writing by Buyer, with respect to adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a fixed interest rate Mortgage Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (MortgageIT Holdings, Inc.)

Conversion to Fixed Interest Rate. Except as allowed by Xxxxxx Mae or Xxxxxxx Mac or otherwise as expressly approved in writing by Buyer, with respect to adjustable rate Transaction Mortgage Loans, the Transaction Mortgage Loan is not convertible to a fixed interest rate Transaction Mortgage Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (Walter Investment Management Corp)

Conversion to Fixed Interest Rate. Except as allowed by Xxxxxx Mae or Xxx, Xxxxxxx Mac or GNMA or otherwise as expressly approved in writing by BuyerAdministrative Agent, with respect to adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a fixed interest rate Mortgage Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

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