Eligible Loan. The Mortgage Loan is an Agency Eligible Mortgage Loan, Conventional Conforming Mortgage Loan, Government Mortgage Loan, Jumbo Mortgage Loan (including a Jumbo Mortgage Loan that qualifies as either a Jumbo Interest Only Mortgage Loan or a Jumbo High LTV Mortgage Loan), Super Jumbo Mortgage Loan, Bond Loan – ▇▇▇ ▇▇▇▇, HomePath Mortgage Loan, HomePath Renovation Mortgage Loan, Manufactured Home Loan, Cooperative Jumbo Mortgage Loan, Texas Cash-Out Refinance Mortgage Loan, Foreign National Mortgage Loan or HARP Mortgage Loan, as applicable. The Mortgage Loan is a legal, valid and binding obligation of the Mortgagor thereunder, enforceable in accordance with its terms and subject to no offset, defense or counterclaim, obligating Mortgagor to make the payments specified therein.
Appears in 2 contracts
Sources: Master Repurchase Agreement, Master Repurchase Agreement (loanDepot, Inc.)