Common use of Qualified Mortgages Clause in Contracts

Qualified Mortgages. Each Mortgage Loan would constitute a “qualified mortgage” if transferred to or purchased by a REMIC in accordance with Section 860G(a)(3)(A) of the Code;

Qualified Mortgages. Each Mortgage Loan would constitute be a “"qualified mortgage” " within Section 860G(a)(3) of the Code if transferred to or purchased by a REMIC in accordance with Section 860G(a)(3)(A) of exchange for regular or residual interests in the CodeREMIC;