Common use of Monthly Servicing Reports Clause in Contracts

Monthly Servicing Reports. Within 30 days after the close of each calendar month in which the Borrower owns a Servicing Portfolio, a consolidated report of the Borrower providing a summary, for all Mortgage Loans the servicing rights to which are owned by the Borrower, regardless of whether such Mortgage Loans are pledged to the Lender, of (i) the entities that own such Mortgage Loans, (ii) the original terms of such Mortgage Loans and whether such Mortgage Loans bear interest at a fixed rate or an adjustable rate, (iii) the weighted average interest rate and the weighted average net servicing fee with respect to such Mortgage Loans, (iv) whether any such Mortgage Loans were sold by the Borrower with recourse and the nature of such recourse, (v) which of such Mortgage Loans (A) are current and in good standing, (B) are more than 30, 60 or 90 days past due, respectively, (C) are the subject of pending litigation, bankruptcy or foreclosure proceedings, and (D) have been converted (through foreclosure or other proceedings in lieu thereof) by the Borrower into real estate owned by the Borrower, and (vi) any reserves established by the Borrower for losses in respect of delinquent Mortgage Loans or real estate owned by the Borrower.

Monthly Servicing Reports. Within 30 days after the close of ------------------------- each calendar month in which the Borrower owns a Servicing Portfolio, a consolidated report of the Borrower providing a summary, for all Mortgage Loans the servicing rights to which are owned by the Borrower, regardless of whether such Mortgage Loans are pledged to the Lender, of (i) the entities that own such Mortgage Loans, (ii) the original terms of such Mortgage Loans and whether such Mortgage Loans bear interest at a fixed rate or an adjustable rate, (iii) the weighted average interest rate and the weighted average net servicing fee with respect to such Mortgage Loans, (iv) whether any such Mortgage Loans were sold by the Borrower with recourse and the nature of such recourse, (v) which of such Mortgage Loans (A) are current and in good standing, (B) are more than 30, 60 or 90 days past due, 33 39 respectively, (C) are the subject of pending litigation, bankruptcy or foreclosure proceedings, and (D) have been converted (through foreclosure or other proceedings in lieu thereof) by the Borrower into real estate owned by the Borrower, and (vi) any reserves established by the Borrower for losses in respect of delinquent Mortgage Loans or real estate owned by the Borrower.