Common use of Independent Public Accountants' Servicing Report Clause in Contracts

Independent Public Accountants' Servicing Report. Not later than February 28th of each year, the Seller at its expense shall cause a firm of independent public accountants (which may also render other services to the Seller) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Loans and this Agreement) substantially similar one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage Bankers, such firm confirms that such servicing has been conducted in compliance with such pooling and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers requires it to report. Copies of such statement shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loans. Notwithstanding the foregoing, the Seller’s obligation to deliver a USAP Report under this Subsection, as to the Seller or any Subservicer, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered in compliance with Subsection 12A.05 for such calendar year with respect to that entity.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Sd3), Master Mortgage Loan Purchase and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Oa2), Master Mortgage Loan Purchase and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar5)

AutoNDA by SimpleDocs

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year of the Servicer (beginning with fiscal year 200_), the Seller at its expense Master Servicer shall require that the Servicer comply with Section 7.3 of the Servicing Agreement and cause a any nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee, the Owner Trustee, the Rating Agencies, the Securities Insurer, the Master Servicer and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement, the Servicing Agreement or of mortgage loans under pooling or sale and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling or sale and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling or sale and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related subservicer.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Bcap LLC), Sale and Servicing Agreement (Securitized Asset Backed Receivables LLC), Sale and Servicing Agreement (Bcap LLC)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year of the Servicer (beginning on March 31, 1999), the Seller Servicer at its expense shall cause a nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee, the Depositor and the Initial Noteholder to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of Independent certified public accountants with respect to that entitythe related Subservicer.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Franchise Finance Corp of America), Sale and Servicing Agreement (Franchise Finance Corp of America), Sale and Servicing Agreement (Franchise Finance Corp of America)

Independent Public Accountants' Servicing Report. Not later than February 28th On or before March 31 of each year, beginning with the Seller first March 31 that occurs at least six months after the Cut-off Date, the Master Servicer at its expense shall cause a firm of independent Independent public accountants (which may also render other services to the Seller) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Depositor (in machine readable format) and the Trustee to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Loans and this Agreement) substantially similar one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby, including this Agreement) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Audit Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance examination disclosed no material items of noncompliance with such pooling and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Audit Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC requires it to report. Copies of In rendering such statement shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loans. Notwithstanding the foregoingstatement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Sub-Servicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Audit Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of Independent public accountants with respect to the related Subservicer. For purposes of such statement, such firm may conclusively assume that entityall pooling and servicing agreements among the Depositor, the Master Servicer and the Trustee relating to Mortgage Pass-Through Certificates evidencing an interest in first mortgage loans are substantially similar one to another except for any such pooling and servicing agreement which, by its terms, specifically states otherwise.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Salomon Brothers Mor Sec Vii Inc Mor Pa THR Cer Ser 1995 3), Pooling and Servicing Agreement (Salomon Brothers Mor Sec Vii Inc Mor Pa THR Cer Ser 1995 2)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year of the Servicer (beginning with fiscal year 1999), the Seller Servicer at its expense shall cause a any nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee, the Grantor Trustee, the Rating Agencies and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement or of mortgage loans under pooling or sale and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling or sale and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling or sale and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Subservicer.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv), Sale and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year of the Servicer (beginning with fiscal year 1998), the Seller Servicer at its expense shall cause a any of Xxxxxx Xxxxxxxx & Co., Coopers & Xxxxxxx LLP, Deloitte & Touche LLP, Ernst & Young LLP, KPMG Peat Marwick LLP and Price Waterhouse & Co. or some other nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee, the Rating Agencies and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Subservicer.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1997-4), Sale and Servicing Agreement (Life Financial Home Loan Owner Trust 1997-3)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year of the Servicer (beginning with fiscal year 1999), the Seller Servicer at its expense shall cause a any of Xxxxxx Xxxxxxxx & Co., Coopers & Xxxxxxx LLP, Deloitte & Touche LLP, Ernst & Young LLP, KPMG Peat Marwick LLP and Price Waterhouse & Co. or some other nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee, the Grantor Trustee, the Rating Agencies and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Subservicer.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1998-1), Sale and Servicing Agreement (Master Financial Asset Securitization Trust 1998-2)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year of the Servicer (beginning with fiscal year 1999), the Seller at its expense Master Servicer shall require that the Servicer comply with Section 7.3 of the Servicing Agreement and cause a any nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee, the Owner Trustee, the Rating Agencies, the Securities Insurer, the Master Servicer and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement, the Servicing Agreement or of mortgage loans under pooling or sale and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling or sale and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling or sale and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related subservicer.

Appears in 2 contracts

Samples: Sale and Master Servicing Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-1), Sale and Master Servicing Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-2)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year of the Servicer (beginning with fiscal year 1999), the Seller Servicer at its expense shall cause a any of Axxxxx Axxxxxxx & Co., Coopers & Lxxxxxx LLP, Deloitte & Touche LLP, Ernst & Young LLP, KPMG Peat Marwick LLP and Price Waterhouse & Co. or some other nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee, the Grantor Trustee, the Rating Agencies and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Subservicer.

Appears in 1 contract

Samples: Statements And (Empire Funding Home Loan Owner Trust 1997-5)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year of the Servicer (beginning with fiscal year 199_), the Seller at its expense Master Servicer shall require that the Servicer comply with Section 7.3 of the Servicing Agreement and cause a any nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee, the Owner Trustee, the Rating Agencies, the Securities Insurer, the Master Servicer and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement, the Servicing Agreement or of mortgage loans under pooling or sale and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling or sale and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling or sale and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related subservicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv)

Independent Public Accountants' Servicing Report. Not later than February 28th ninety (90) days following the end of each yearServicer's Fiscal Year (beginning with the end of the Servicer's Fiscal Year in _____ [SPECIFY THE YEAR IN WHICH THE CLOSING DATE OCCURRED]), the Seller Servicer, at its expense expense, shall cause a any of Arthxx Xxxexxxx & Xo., Coopers & Lybrxxx, Xxloitte & Touche, Ernst & Young, KPMG Peat Marwick and Price Waterhouse & Co., or such other nationally recognized firm of independent public accountants Independent Certified Public Accountants, (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Trustee, the Transferor and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including which shall include the Mortgage Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with this Agreement or such pooling and servicing agreements agreements, as applicable, except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Subservicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Cityscape Corp)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year of the Servicer (beginning with fiscal year 1999), the Seller Servicer at its expense shall cause a any nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee, the Grantor Trustee, the Rating Agencies, the Securities Insurer, the Master Servicer and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement or of mortgage loans under pooling or sale and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling or sale and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling or sale and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Subservicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1998 3)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year of the Servicer (beginning with fiscal year 1997), the Seller Servicer at its expense shall cause a any of Xxxxxx Xxxxxxxx & Co., Coopers & Xxxxxxx, Deloitte & Touche, Ernst & Young, KPMG Peat Marwick and Price Waterhouse & Co. or such other nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Subservicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Financial Asset Securities Corp)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year of the Servicer (beginning with fiscal year 1999), the Seller Servicer at its expense shall cause a any of Xxxxxx Xxxxxxxx & Co., Coopers & Xxxxxxx LLP, Deloitte & Touche LLP, Ernst & Young LLP, KPMG Peat Marwick LLP and Price Waterhouse & Co. or some other nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee, the Grantor Trustee, the Rating Agencies and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement or of mortgage loans under pooling or sale and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling or sale and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling or sale and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Subservicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Painewebber Mort Accept Corp Iv Ditech Home Loan Ownr 1998-1)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearServicer's Fiscal Year (beginning with __________ which will cover activities during the fiscal year ______), the Seller Servicer at its expense shall cause a any of Arthur Andersen & Co., Coopers & Lybrand, Deloitte & Touche, Ernst & Xxxxx, KXXX Xxxx Marwick and Price Xxxxxxouse & Co. or such other nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Trustee and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Subservicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Home Equity Securitization Corp)

AutoNDA by SimpleDocs

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearServicer's Fiscal Year (beginning with __________ which will cover activities during the fiscal year ______), the Seller Servicer at its expense shall cause a any of Xxxxxx Xxxxxxxx & Co., Coopers & Xxxxxxx, Deloitte & Touche, Ernst & Young, KPMG Peat Marwick and Price Waterhouse & Co. or such other nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Trustee and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Subservicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Residential Asset Funding Corp)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year of the Servicer or, Empire Subservicer if it is acting as Subservicer (beginning with fiscal year 1999), the Seller Servicer or Empire Subservicer, as applicable, at its the expense of each, shall cause a any nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee, the Grantor Trustee, the Rating Agencies, the Master Servicer and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement or of mortgage loans under pooling or sale and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling or sale and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling or sale and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Subservicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Painewebber Mort Accept Corp Iv Empire Funding 1999-1)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year of the Servicer (beginning with fiscal year 1998), the Seller Servicer at its expense shall cause a any of Xxxxxx Xxxxxxxx & Co., Coopers & Xxxxxxx LLP, Deloitte & Touche LLP, Ernst & Young LLP, KPMG Peat Marwick LLP and Price Waterhouse & Co. or some other nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee, the Owner Trustee, the Rating Agencies and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Subservicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ditech Funding Corp Home Loan Owner Trust 1997-1)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year (beginning with fiscal year 1997) of the Servicer, the Seller Servicer at its expense shall cause a any of Xxxxxx Xxxxxxxx & Co., Coopers & Xxxxxxx, Deloitte & Touche, Ernst & Young, KPMG Peat Marwick and Price Waterhouse & Co. or such other nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Trustee and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Subservicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Securities Corp)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year (beginning with 1997) of the Servicer, the Seller Servicer at its expense shall cause a any of Xxxxxx Xxxxxxxx & Co., Coopers & Xxxxxxx, Deloitte & Touche, Ernst & Young, KPMG Peat Marwick and Price Waterhouse & Co. or such other nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Trustee, Cityscape and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Attestation Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Sub-Servicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Sub-Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Securities Corp)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year of the Servicer (beginning with fiscal year 200_), the Seller at its expense Master Servicer shall require that the Servicer comply with Section 7.3 of the Servicing Agreement and cause a any nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee, the Owner Trustee, the Rating Agencies, [the Securities Insurer,] the Master Servicer and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement, the Servicing Agreement or of mortgage loans under pooling or sale and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling or sale and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling or sale and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related subservicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Hsi Asset Securitization Corp)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year of the Servicer (beginning with fiscal year 20_), the Seller at its expense Master Servicer shall require that the Servicer comply with Section 7.3 of the Servicing Agreement and cause a any nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee, the Owner Trustee, the Rating Agencies, the Securities Insurer, the Master Servicer and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement, the Servicing Agreement or of mortgage loans under pooling or sale and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling or sale and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling or sale and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related subservicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Bcap LLC)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearfiscal year (beginning with fiscal year 1997) of the Servicer, the Seller Servicer at its expense shall cause a any of Xxxxxx Xxxxxxxx & Co., Coopers & Xxxxxxx, Deloitte & Touche, Ernst & Young, KPMG Peat Marwick and Price Waterhouse & Co. or such other nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Indenture Trustee and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Home Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Home Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage BankersBankers or the Audit Program for Mortgages serviced for FHLMC, such firm confirms that such servicing has been conducted in compliance with such pooling and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Attestation Program for Mortgages serviced for FHLMC requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FHLMC (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Subservicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Financial Asset Securities Corp)

Independent Public Accountants' Servicing Report. Not later than February 28th 90 days following the end of each yearServicer's Fiscal Year (beginning with 1999 which will cover activities during the fiscal year 1998), the Seller Servicer at its expense shall cause a any of Xxxxxx Xxxxxxxx & Co., Price Waterhouse Coopers, Deloitte & Touche, Ernst & Young, KPMG Peat Marwick or such other nationally recognized firm of independent public accountants Independent Certified Public Accountants (which may also render other services to the SellerServicer) which is a member of the American Institute of Certified Public Accountants to furnish a statement (a “USAP Report”) to the Purchaser or its designee Trustee, the Certificate Insurer, the Transferor and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements (including the Mortgage Loans and this Agreement) substantially similar to one to another (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage Bankers, such firm confirms that such servicing has been conducted in compliance with such pooling and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers requires it to report. Copies , each of such statement which errors and omissions shall be provided by the Purchaser to any Person identified as a prospective purchaser of the Mortgage Loansspecified in such statement. Notwithstanding the foregoingIn rendering such statement, the Seller’s obligation to deliver a USAP Report under this Subsectionsuch firm may rely, as to the Seller or any Subservicermatters relating to direct servicing of mortgage loans by Subservicers, as to any calendar year, beginning with the report required in March 2007, shall be satisfied if an assessment of compliance and attestation report is delivered upon comparable statements for examinations conducted substantially in compliance with Subsection 12A.05 the Uniform Single Attestation Program 112 for Mortgage Bankers (rendered within one year of such calendar year statement) of independent public accountants with respect to that entitythe related Subservicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.