HAMP Modifications. The Company shall take all necessary action to ensure that (i) from and after the date the Company or any Company Subsidiary that services residential mortgage loans has 100 or more residential mortgage loans not owned or guaranteed by ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac which have been past due for 60 or more days, the Company or such Company Subsidiary shall, to the extent such programs are open for participation, (A) participate in the United States Department of the Treasury’s Making Home Affordable (“MHA”) program, including MHA’s Second Lien Modification Program and, (B) immediately execute a Commitment to Purchase Financial Instrument and Servicer Participation Agreement (in such form as may be set forth on the MHA website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ from time to time) with ▇▇▇▇▇▇ Mae (acting as the United States Department of the Treasury’s fiscal agent) and (ii) if the Company or any Company Subsidiary owns mortgage loans that are serviced by a non-affiliated mortgage servicer, the Company or such Company Subsidiary shall consent to any MHA modification request made by such mortgage servicer.
Appears in 4 contracts
Sources: Exchange Agreement, Exchange Agreement, Exchange Agreement
HAMP Modifications. The Company shall take all necessary action to ensure that (iA) from and after the date the Company or any Company Subsidiary that services residential mortgage loans has 100 or more residential mortgage loans not owned or guaranteed by ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac which ▇▇▇ ▇hich have been past due for 60 or more days, the Company or such Company Subsidiary shall, to the extent such programs are open for participation,
, (A1) participate in the United States Department of the Treasury’s Making Home Affordable (“MHA”) program, including MHA’s Second Lien Modification Program and, and (B2) immediately execute a Commitment to Purchase Financial Instrument and Servicer Participation Agreement (in such form as may be set forth on the MHA website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ from time to time) with ▇▇▇▇▇▇ Mae ▇▇▇ (acting as the United States Department of the Treasury’s fiscal agent) and (iiB) if the Company or any Company Subsidiary owns mortgage loans that are serviced by a non-affiliated mortgage servicer, the Company or such Company Subsidiary shall consent to any MHA modification request made by such mortgage servicer.
Appears in 3 contracts
Sources: Preferred Stock Purchase Agreement, Preferred Stock Purchase Agreement, Preferred Stock Purchase Agreement