Sale of Mortgages. A. Purchases Purchases of Mortgages will be governed by the Master Commitment Contract, the Mandatory Delivery Contract, the Guide, this Master Agreement and the other Program Documents.
Sale of Mortgages. This article contains the basic rules governing the origination of Mortgages for sale to the Bank. The Originator hereby agrees as follows:
Sale of Mortgages. If Freddie Mac transfers title or ownership of a Mortgage to a Trust or to a third party other than a Trust or intends to effectuate a Transfer of Custody other than pursuant to the Guide, Freddie Mac will immediately provide notice to Document Custodian; such notice will instruct Document Custodian regarding updates to its note tracking system and any other requested action.
Sale of Mortgages. Subject to Section 9.4 below, Lender shall have the right (i) to sell or otherwise transfer the Loan or any portion thereof as a whole loan, (ii) to sell participation interests in the Loan, or (iii) to securitize the Loan or any portion thereof in a single asset securitization or a pooled loan securitization, and which may also include the issuance of collateralized debt obligations, collateralized loan obligations and collateralized mortgage obligations (the transactions referred to in clauses (i), (ii) and (iii) are each hereinafter referred to as a “Secondary Market Transaction” and the transactions referred to in clause (iii) shall hereinafter be referred to as a “Securitization”. Any certificates, notes or other securities issued in connection with a Securitization are hereinafter referred to as “Securities”). At Lender’s election, each note and/or component comprising the Loan may be subject to one or more Secondary Market Transactions. Lender may forward to each purchaser, transferee, assignee, servicer, participant, or investor in the Loan or in the Securities (collectively, the “Investor”) or any prospective Investor or any Rating Agency rating the Securities, all documents and information which Lender now has or may hereafter acquire relating to the Loan, Borrowers, any Guarantor and the Properties, whether furnished by Borrowers, any Guarantor or otherwise, as Lender determines necessary or desirable.
Sale of Mortgages
