Common use of Origination Date Clause in Contracts

Origination Date. Unless otherwise approved by Buyer, the initial Purchase Date is no more than (i) with respect to Mortgage Loans other than Correspondent Mortgage Loans in non-escrow states, thirty (30) days following the origination date of the Mortgage Note; (ii) with respect to Mortgage Loans other than Correspondent Mortgage Loans in escrow states, forty-five (45) days following the origination date of the Mortgage Note and (iii) with respect to Correspondent Mortgage Loans, sixty (60) days following the origination date of the Mortgage Note.

Appears in 3 contracts

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

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Origination Date. Unless otherwise approved by BuyerBuyer and other than with respect to a Gxxxxx Mxx Modified Loan, the initial Purchase Date is no more than (i) with respect to Mortgage Loans other than Correspondent Mortgage Loans in non-escrow states, thirty (30) days following the origination date of the Mortgage Note; (ii) with respect to Mortgage Loans other than Correspondent Mortgage Loans in escrow states, forty-five (45) days following the origination date of the Mortgage Note and (iii) with respect to Correspondent Mortgage Loans, sixty (60) days following the origination date of the Mortgage Note.

Appears in 1 contract

Samples: Master Repurchase Agreement (Home Point Capital Inc.)

Origination Date. Unless otherwise approved extended by BuyerBuyer and other than with respect to a Xxxxxx Mae Modified Loan, the initial Purchase Date is no more than (i) with respect to Mortgage Loans Loans, other than Correspondent Mortgage Loans Loans, in non-escrow states, thirty (30) days following the origination date of the Mortgage Note; (ii) with respect to Mortgage Loans Loans, other than Correspondent Mortgage Loans Loans, in escrow states, forty-five (45) days following the origination date of the Mortgage Note and (iii) with respect to Correspondent Mortgage Loans, sixty (60) days following the origination date of the Mortgage Note.

Appears in 1 contract

Samples: Master Repurchase Agreement (Rocket Companies, Inc.)

Origination Date. Unless otherwise approved extended by Buyer, the initial Purchase Date is no more than (i) with respect to Mortgage Loans Loans, other than Correspondent Mortgage Loans Loans, in non-escrow states, thirty (30) days following the origination date of the Mortgage Note; (ii) with respect to Mortgage Loans Loans, other than Correspondent Mortgage Loans Loans, in escrow states, forty-five (45) days following the origination date of the Mortgage Note and (iii) with respect to Correspondent Mortgage Loans, sixty (60) days following the origination date of the Mortgage Note.

Appears in 1 contract

Samples: Master Repurchase Agreement (Rocket Companies, Inc.)

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Origination Date. Unless otherwise approved by BuyerBuyer and other than with respect to a Xxxxxx Mae Modified Loan, the initial Purchase Date is no more than (i) with respect to Mortgage Loans other than Correspondent Mortgage Loans in non-escrow states, thirty (30) days following the origination date of the Mortgage Note; (ii) with respect to Mortgage Loans other than Correspondent Mortgage Loans in escrow states, forty-five (45) days following the origination date of the Mortgage Note and (iii) with respect to Correspondent Mortgage Loans, sixty (60) days following the origination date of the Mortgage Note.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

Origination Date. Unless otherwise approved by BuyerBuyer (other than with respect to a Xxxxxx Xxx Modified or a Scratch and Dent Mortgage Loan), the initial Purchase Date is no more than (i) with respect to Mortgage Loans other than Correspondent Mortgage Loans in non-escrow states, thirty (30) days following the origination date of the Mortgage Note; (ii) with respect to Mortgage Loans other than Correspondent Mortgage Loans in escrow states, forty-five (45) days following the origination date of the Mortgage Note and (iii) with respect to Correspondent Mortgage Loans, sixty (60) days following the origination date of the Mortgage Note.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

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