Common use of Mortgage Banking Business Clause in Contracts

Mortgage Banking Business. Either CMS Bancorp or one of its CMS Bancorp Subsidiaries is authorized (i) as a supervised mortgagee by the Department of Housing and Urban Development to originate Federal Housing Administration mortgage loans, and (ii) as a seller/servicer by Xxxxxxx Mac to originate and service conventional residential mortgage loans. None of CMS Bancorp or any of the CMS Bancorp Subsidiaries is now nor has it been within the past three years subject to any material fine, suspension, settlement or other administrative agreement or sanction by, or any reduction in any loan purchase commitment from, the Department of Housing and Urban Development, Xxxxxxx Mac, or any other investor or governmental entity related to the origination, sale, or servicing of mortgage or consumer loans. Neither CMS Bancorp nor any of the CMS Bancorp Subsidiaries has received any written notice that Xxxxxxx Mac proposes to materially limit or terminate the underwriting authority of CMS Bancorp and the CMS Bancorp Subsidiaries or to materially increase the guarantee fees payable to such investor, excluding generally applicable guarantee fee increases. Each of CMS Bancorp and the CMS Bancorp Subsidiaries is in compliance in all material respects with the Truth-In-Lending Act and Regulation Z, the Equal Credit Opportunity Act and Regulation B, the Real Estate Settlement Procedures Act and Regulation X, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act and all HUD, Xxxxxxx Mac, and other investor and mortgage insurance company requirements related to the origination, sale and servicing of mortgage and consumer loans.

Mortgage Banking Business. Either CMS Bancorp or one or more of its CMS Bancorp Subsidiaries is authorized authorized: (i) as a supervised mortgagee by the Department of Housing and Urban Development to originate Federal Housing Administration mortgage loans, ; and (ii) as a seller/servicer by the Federal Home Loan Mortgage Corporation (“Xxxxxxx Mac Mac”) to originate and service conventional residential mortgage loans. None of CMS Bancorp or any of the CMS Bancorp its Subsidiaries is now nor has it been within the past three years subject to any material fine, suspension, settlement or other administrative agreement or sanction by, or any reduction in any loan purchase commitment from, the Department of Housing and Urban Development, Xxxxxxx Mac, Mac or any other investor or governmental entity related Governmental Authority relating to the origination, sale, sale or servicing of mortgage or consumer loans. Neither CMS Bancorp nor any of the CMS Bancorp its Subsidiaries has received any written notice that Xxxxxxx Mac proposes to materially limit or terminate the underwriting authority of CMS Bancorp and the CMS Bancorp its Subsidiaries or to materially increase the guarantee fees payable to such investor, excluding generally applicable guarantee fee increases. Each of CMS Bancorp and the CMS Bancorp its Subsidiaries is in compliance in all material respects with the Truth-In-Lending Act and Regulation Z, the Equal Credit Opportunity Act and Regulation B, the Real Estate Settlement Procedures Act and Regulation X, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act and all HUDDepartment of Housing and Urban Development, Xxxxxxx Mac, and other investor and mortgage insurance company requirements related relating to the origination, sale and servicing of mortgage and consumer loans.

Mortgage Banking Business. Either CMS Bancorp or one or more of its CMS Bancorp Subsidiaries is authorized authorized: (i) as a supervised mortgagee by the Department of Housing and Urban Development to originate Federal Housing Administration mortgage loans, ; and (ii) as a seller/servicer by Xxxxxxx Mac the Federal Home Loan Mortgage Corporation (“Fxxxxxx Mac”) to originate and service conventional residential mortgage loans. None of CMS Bancorp or any of the CMS Bancorp its Subsidiaries is now nor has it been within the past three years subject to any material fine, suspension, settlement or other administrative agreement or sanction by, or any reduction in any loan purchase commitment from, the Department of Housing and Urban Development, Xxxxxxx Mac, Fxxxxxx Mac or any other investor or governmental entity related Governmental Authority relating to the origination, sale, sale or servicing of mortgage or consumer loans. Neither CMS Bancorp nor any of the CMS Bancorp its Subsidiaries has received any written notice that Xxxxxxx Fxxxxxx Mac proposes to materially limit or terminate the underwriting authority of CMS Bancorp and the CMS Bancorp its Subsidiaries or to materially increase the guarantee fees payable to such investor, excluding generally applicable guarantee fee increases. Each of CMS Bancorp and the CMS Bancorp its Subsidiaries is in compliance in all material respects with the Truth-In-Lending Act and Regulation Z, the Equal Credit Opportunity Act and Regulation B, the Real Estate Settlement Procedures Act and Regulation X, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act and all HUDDepartment of Housing and Urban Development, Xxxxxxx Fxxxxxx Mac, and other investor and mortgage insurance company requirements related relating to the origination, sale and servicing of mortgage and consumer loans.