Common use of No Buydown Provisions; No Graduated Payments or Contingent Interests Clause in Contracts

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loans and Non-Agency Non-QM Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a “buydown” provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 2 contracts

Samples: Master Repurchase Agreement (UWM Holdings Corp), Master Repurchase Agreement (AmeriHome, Inc.)

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No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Mortgage Loans, Non-Agency QM Mortgage Loans and Non-Agency Non-QM Mortgage Loans, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by SellerSellers, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a “buydown” provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Other than those Mortgage Loans and Non-Agency Non-QM Mortgage Loansacceptable for purchase by an Agency, the no Mortgage Loan does not contain contains provisions pursuant to which Monthly Payments are (a) paid or partially paid with funds deposited in any separate account established by a Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or (b) paid by any source other than the Mortgagor nor does it contain or (c) contains any other similar provisions which may constitute a “buydown” provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.;

Appears in 1 contract

Samples: Master Repurchase Agreement (Homebanc Corp)

No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to Agency Other than those Mortgage Loans and Non-Agency Non-QM Mortgage Loansacceptable for purchase by an Agency, the no Mortgage Loan does not contain contains provisions pursuant to which Monthly Payments are (a) paid or partially paid with funds deposited in any separate account established by the Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or (b) paid by any source other than the Mortgagor nor does it contain or (c) contains any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.;

Appears in 1 contract

Samples: Master Repurchase Agreement (E Loan Inc)

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No Buydown Provisions; No Graduated Payments or Contingent Interests. Except with respect to (i) Agency Mortgage Loans and Loans, (ii) Non-Agency Non-QM Mortgage LoansLoans and (iii) as approved by Administrative Agent in its sole discretion, the Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a “buydown” provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature.

Appears in 1 contract

Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.)

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