Defaulted Loans. The Servicer shall sell on behalf of the Purchaser any Mortgage Loan that becomes a Defaulted Loan as soon as practicable after becoming a Defaulted Loan.
Appears in 1 contract
Sources: Mortgage Loan Purchase and Servicing Agreement (New Century Financial Corp)
Defaulted Loans. The Notwithstanding anything to the contrary in any Program Document, the Servicer shall sell on behalf of the Purchaser any Mortgage Loan that becomes a Defaulted Loan as soon as practicable after becoming a Defaulted Loan.
Appears in 1 contract
Sources: Mortgage Loan Purchase and Servicing Agreement (New Century Financial Corp)
Defaulted Loans. The Servicer shall sell on behalf of the Purchaser Issuer any Mortgage Loan that becomes a Defaulted Loan as soon as practicable after becoming a Defaulted Loan.
Appears in 1 contract
Sources: Mortgage Loan Purchase and Servicing Agreement (Accredited Home Lenders Holding Co)
Defaulted Loans. The Notwithstanding anything to the contrary in any Program Document, the Servicer shall sell on behalf of the Purchaser Issuer any Mortgage Loan that becomes a Defaulted Loan as soon as practicable after becoming a Defaulted Loan.
Appears in 1 contract
Sources: Mortgage Loan Purchase and Servicing Agreement (New Century Financial Corp)