Common use of Origination Practices Clause in Contracts

Origination Practices. The origination practices used by each originator of the Home Loans and the servicing and collection practices used by the Transferor with respect to each Home Loan have been in all material respects legal, proper, prudent and customary with respect to the loan origination and servicing business as applicable to the respective loan type.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Firstplus Investment Corp), Sale and Servicing Agreement (Firstplus Investment Corp), Loan Sale Agreement (Firstplus Investment Corp)

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Origination Practices. The origination practices used by each originator of the Home Loans and the servicing and collection practices used by the Transferor FFI with respect to each Home Loan have been in all material respects legal, proper, prudent and customary with respect to the loan origination and servicing business as applicable to the respective loan type.

Appears in 1 contract

Samples: Loan Sale Agreement (Firstplus Investment Corp)

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Origination Practices. The origination practices used by each originator of the Home Mortgage Loans and the servicing and collection practices used by the Transferor Cityscape with respect to each Home Mortgage Loan have been in all material respects legal, proper, prudent and customary with respect to the loan origination and servicing business as applicable to the respective loan type.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Cityscape Corp)

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