Other Borrower Reports. Deliver to Lender: (a) As soon as available and in any event within 30 days after the end of each Calendar Quarter, a consolidated report from ACM as servicer ("Servicing Portfolio Report") as of the end of such Calendar Quarter, as to all Mortgage Loans the servicing rights to which are owned by Borrower (specified by investor type, recourse and non-recourse) regardless of whether the Mortgage Loans are Pledged Loans. The Servicing Portfolio Report must indicate which Mortgage Loans (1) are current and in good standing, (2) are more than 30, 60 or 90 days past due, (3) are the subject of pending bankruptcy or foreclosure proceedings, or (4) have been converted (through foreclosure or other proceedings in lieu of foreclosure) into real estate owned by Borrower. (b) As soon as available and in any event within 45 days after the end of each fiscal quarter in the fiscal year of Borrower, a consolidated loan production report as of the end of that Dated: 7/1/2003 Amended: 7/24/2003 fiscal quarter, presenting the total dollar volume and the number of Mortgage Loans originated and closed or purchased during that fiscal quarter and for the fiscal year-to-date, specified by property type, loan type and Investor to whom each Mortgage Loan was sold. (c) Reports in respect of the Pledged Assets in such detail and at such times as Lender in its discretion may reasonably request. (d) On or before the 25th day of each month immediately following the end of each fiscal quarter, a loan monitoring analysis with respect to each asset owned by Borrower (whether or not pledged under this Agreement) as of the end of such quarter, in the form attached as Exhibit J. (e) A copy of any material change to the Underwriting Guidelines, not fewer than 3 Business Days prior to the effective date of that change. (f) On or before the first Business Day of each week, a hedging report, in form and substance satisfactory to Lender, with respect to all fixed-rate Pledged Investments that are not covered by a Purchase Commitment as of the end of the preceding week. (g) Other reports in respect of Pledged Assets, including copies of purchase confirmations issued by Investors purchasing Pledged Loans from Borrower, in such detail and at such times as Lender in its discretion may reasonably request. (h) With reasonable promptness, all further information regarding the business, operations, properties or financial condition of Borrower as Lender may reasonably request, including copies of any audits, if any, completed by HUD, Ginnie Mae, Fannie Mae, Freddie Mac and any rating agency.
Appears in 1 contract
Sources: Structured Facility Warehousing Credit and Security Agreement (Arbor Realty Trust Inc)
Other Borrower Reports. Deliver to Lender:
(a) As If Borrower has a Servicing Portfolio, then as soon as available and in any event within 30 days after the end of each Calendar Quartermonth, a consolidated report from ACM as servicer ("Servicing Portfolio Report") as of the end of such Calendar Quarterthe month, as to all Mortgage Loans the servicing rights to which are owned by Borrower (specified by investor type, recourse and non-recourse) regardless of whether the Mortgage Loans are Pledged Loans. The Servicing Portfolio Report must indicate which Mortgage Loans (1) are current and in good standing, (2) are more than 30, 60 or 90 days past due, (3) are the subject of pending bankruptcy or foreclosure proceedings, or (4) have been converted (through foreclosure or other proceedings in lieu of foreclosure) into real estate owned by Borrower.
(b) As soon as available and in any event within 45 days after the end of each fiscal quarter in the fiscal year of Borrower, a consolidated loan production report as of the end of that Dated: 7/1/2003 Amended: 7/24/2003 fiscal quarter, presenting the total dollar volume and the number of Mortgage Loans originated and closed or purchased during that fiscal quarter and for the fiscal year-to-date, specified by property type, loan type and Investor to whom each Mortgage Loan was sold.
(c) Reports in respect of the Pledged Assets in such detail and at such times as Lender in its discretion may reasonably request.
(d) On or before the 25th day of each month immediately following the end of each fiscal quarter, a loan monitoring analysis with respect to each asset owned by Borrower (whether or not pledged under this Agreement) as of the end of such quarter, in the form attached as Exhibit J.
(e) A copy of any material change to the Underwriting Guidelines, not fewer than 3 Business Days prior to the effective date of that change.
(f) On or before the first Business Day of each week, a hedging report, in form and substance satisfactory to Lender, with respect to all fixed-rate Pledged Investments that are not covered by a Purchase Commitment as of the end of the preceding week.
(g) Other reports in respect of Pledged Assets, including copies of purchase confirmations issued by Investors purchasing Pledged Loans from Borrower, in such detail and at such times as Lender in its discretion may reasonably request.
(hc) With reasonable promptness, all further information regarding the business, operations, properties or financial condition of Borrower as Lender may reasonably request, including copies of any audits, if any, audits completed by HUD, Ginnie Mae▇▇▇▇▇▇ ▇▇▇, Fannie Mae▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac.
(d) As soon as available and in any event within 30 days after the end of each month, Freddie Mac a report, in such detail as Lender in its discretion may reasonably request, with respect to all Mortgage Loans (including the Pledged Loans) purchased, held or sold by Borrower during such month, separately identifying Non-performing Mortgage Loans, Sub-performing Mortgage Loans, and any rating agencyMortgage Loans purchased under the ▇▇▇▇▇▇ Mae Early Buyout Loan, and a summary of Mortgage Loan documentation or Investor problems for each Pledged Loan that is a Sub-performing Mortgage Loan or a Non-performing Mortgage Loan.
Appears in 1 contract
Sources: Warehousing Credit and Security Agreement (Matrix Bancorp Inc)
Other Borrower Reports. Deliver to LenderCredit Agent:
(a) As soon as available and in any event within 30 45 days after the end of each Calendar Quarter, a consolidated report from ACM as servicer ("Servicing Portfolio Report") as of the end of such Calendar Quarterthe month, as to all Mortgage Loans the servicing rights to which are owned by Borrower (specified by investor type, recourse and non-recourse) regardless of whether the Mortgage Loans are Pledged Loans. The Servicing Portfolio Report must indicate which Mortgage Loans Loans
(1) are current and in good standing, (2) are more than 30, 60 or 90 days past due, (3) are the subject of pending bankruptcy or foreclosure proceedings, or (4) have been converted (through foreclosure or other proceedings in lieu of foreclosure) into real estate owned by Borrower.
(b) As soon as available and in any event not later than the last day of each month, a consolidated report (the "Delinquency Report") as of the end of the immediately preceding month detailing, as to all Mortgage Loans the servicing rights to which are owned by Borrower (specified by investor, type, recourse and non-recourse) regardless of whether such Mortgage Loans are Pledged Mortgages, which report shall indicate Loans which (1) are current and in good standing, (2) are more than 30, 60 or 90 days past due, respectively, (3) are more than 360 days past due, (4) are the subject of pending bankruptcy or foreclosure proceedings, or (5) have been converted (through foreclosure or other proceedings in lieu thereof) by Borrower into real estate owned by Borrower. Such report will include an estimate of the net liquidation proceeds on any Pledged Loans covered by clause (3), (4) or (5) above or which are 90 days or more past due. The Delinquency Report must segregate the information relating to the Pledged Mortgage Loans from other information.
(c) As soon as available and in any event within 45 days after the end of each fiscal quarter Calendar Quarter, and at any other time at the request of Credit Agent, an Appraisal of the Eligible Servicing Portfolio.
(d) As soon as available and in any event within 30 days after the fiscal year end of Borrowereach month, a consolidated loan production report as of the end of that Dated: 7/1/2003 Amended: 7/24/2003 fiscal quartermonth, presenting the total dollar volume and the number of Mortgage Loans originated and closed or purchased during that fiscal quarter month and for the fiscal year-to-date, specified by property type, loan type and Investor to whom each Mortgage Loan was soldloan type.
(c) Reports in respect of the Pledged Assets in such detail and at such times as Lender in its discretion may reasonably request.
(d) On or before the 25th day of each month immediately following the end of each fiscal quarter, a loan monitoring analysis with respect to each asset owned by Borrower (whether or not pledged under this Agreement) as of the end of such quarter, in the form attached as Exhibit J.
(e) A copy of any material change to the Underwriting Guidelines, not fewer than 3 Business Days prior to the effective date of that change.
(f) On or before the first Business Day of each week, a hedging report, in form and substance satisfactory to Lender, with respect to all fixed-rate Pledged Investments that are not covered by a Purchase Commitment as of the end of the preceding week.
(g) Other reports in respect of Pledged Assets, including copies of purchase confirmations issued by Investors purchasing Pledged Loans from Borrower, in such detail and at such times as Lender in its discretion may reasonably request.
(h) With reasonable promptness, all further information regarding the business, operations, properties or financial condition of Borrower as Lender may reasonably request, including copies of any audits, if any, completed by HUD, Ginnie Mae, Fannie Mae, Freddie Mac and any rating agency.
Appears in 1 contract
Sources: Warehousing Credit, Term Loan and Security Agreement (American Home Mortgage Holdings Inc)
Other Borrower Reports. Deliver to Lender:
(a) As If Borrower has a Servicing Portfolio, then as soon as available and in any event within 30 days after the end of each Calendar Quartermonth, a consolidated report from ACM as servicer ("Servicing Portfolio ReportSERVICING PORTFOLIO REPORT") as of the end of such Calendar Quarterthe month, as to all Mortgage Loans the servicing rights to which are owned by Borrower (specified by investor type, recourse and non-recourse) regardless of whether the Mortgage Loans are Pledged Loans. The Servicing Portfolio Report must indicate which Mortgage Loans (1) are current and in good standing, (2) are more than 30, 60 or 90 days past due, (3) are the subject of pending bankruptcy or foreclosure proceedings, or (4) have been converted (through foreclosure or other proceedings in lieu of foreclosure) into real estate owned by Borrower.
(b) As soon as available and in any event within 45 30 days after the end of each fiscal quarter in the fiscal year of Borrowermonth, a consolidated loan production report as of the end of that Dated: 7/1/2003 Amended: 7/24/2003 fiscal quartermonth, presenting the total dollar volume and the number of Mortgage Loans originated and closed or purchased during that fiscal quarter month and for the fiscal year-to-date, specified by property type, loan type and Investor to whom each Mortgage Loan was soldloan type.
(c) Reports As soon as available and in respect any event within 30 days after the end of each month, a commitment summary and pipeline report, substantially in the form of EXHIBIT J, as of the Pledged Assets in such detail and at such times as Lender in its discretion may reasonably requestend of that month.
(d) On or before Unless the 25th day Funding Bank has previously provided Lender with a copy of each month immediately following the Funding Bank's monthly statement for the Check Disbursement Account, as soon as available and in any event within 30 days after the end of each fiscal quartermonth, a loan monitoring analysis with respect to copy of that monthly statement.
(e) Within 30 days after the end of each asset owned by Borrower (whether or not pledged under this Agreement) month, a report as of the end of such quarter, in the form attached as Exhibit J.
(e) A copy that month detailing all requests that Borrower repurchase Mortgage Loans from an Investor or out of any material change an Eligible Mortgage Pool for which Borrower has determined it is legally obligated to honor pursuant to the Underwriting Guidelinesapplicable written agreements between Borrower and the requesting party, not fewer than 3 Business Days prior including the status of each such request and any indemnification or similar agreement to the effective date of that changewhich Borrower is a party in connection with any such request.
(f) On or before the first Business Day of each week, a hedging report, in form and substance satisfactory to Lender, with respect to all fixed-rate Pledged Investments that are not covered by a Purchase Commitment as of the end of the preceding week.
(g) Other reports in respect of Pledged Assets, including copies of purchase confirmations issued by Investors purchasing Pledged Loans from Borrower, in such detail and at such times as Lender in its discretion may reasonably request.
(hg) With reasonable promptness, all further information regarding the business, operations, properties or financial condition of Borrower as Lender may reasonably request, including copies of any audits, if any, audits completed by HUD, Ginnie Mae▇▇▇▇▇▇ ▇▇▇, Fannie Mae, Freddie Mac and any rating agency▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac.
Appears in 1 contract
Sources: Warehousing Credit and Security Agreement (MortgageIT Holdings, Inc.)