Recourse Servicing Contracts. Acquire or enter into Servicing Contracts under which Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage Loans. End of Article 8
Appears in 10 contracts
Samples: Warehousing Credit and Security Agreement (E Loan Inc), Warehousing Credit and Security Agreement (MortgageIT Holdings, Inc.), Credit and Security Agreement (Homebanc Corp)
Recourse Servicing Contracts. Acquire or enter into Servicing Contracts under which any Borrower must repurchase or indemnify the holder of the Mortgage Loans as a result of defaults on the Mortgage Loans at any time during the term of those Mortgage LoansLoans (but subject to recourse for breaches of normal representations, warranties and other provisions). End of Article 80
Appears in 2 contracts
Samples: American Home Mortgage Investment Corp, American Home Mortgage Investment Corp
