Mortgage Insurance and Guarantees. (a) With respect to each Pool, if a Conventional Mortgage is insured by a mortgage insurer and the mortgage insurance policy is an asset of such Pool, the related Holders acknowledge that the insurer shall have no obligation to recognize or deal with any Person other than the Administrator, the Trustee, or their respective authorized designees or representatives regarding the mortgagee’s rights, benefits and obligations under the related insurance contract.
Appears in 5 contracts
Samples: Umbs and MBS Master Trust Agreement (Federal Home Loan Mortgage Corp), Umbs and MBS Master Trust Agreement, Umbs and MBS Master Trust Agreement
