Servicing Guide Sample Clauses

Servicing Guide. The Xxxxxx Mae Servicing Guide or the Xxxxxxx Mac Servicing Guide, as in existence on the date of the related sale or transfer of Mortgage Loans to Xxxxxx Mae or Xxxxxxx Mac, as applicable, as each may be amended or supplemented in writing from time to time.
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Servicing Guide. The Servicing Guide, which sets forth the terms and conditions under which the Company shall service mortgage loans on behalf of Purchaser, is a supplement to this Agreement. The Servicing Guide, as may be amended or supplemented from time to time by the Purchaser, is incorporated into this Agreement in full by reference and made a part hereof as fully as if set forth at length herein. All capitalized terms used and not defined herein have the meanings ascribed to them in the Servicing Guide; provided, however, that notwithstanding anything in the Servicing Guide to the contrary, as between Purchaser and the Company, the Company's shall not be deemed to be a Seller of the Mortgage Loans to the Purchaser pursuant to the PNC Mortgage Purchase Programs Seller Guide. 2.
Servicing Guide. The Fannie Mae Servicing Guide or the Freddie Mac Servicing Guide, as in xxxxxence on the date of the relaxxx xxxe or transfer of Mortgage Loans to Fannie Mae or Freddie Mac, as applicable, as each may be amended or xxxxxxmented ix xxxxxng from time to time.
Servicing Guide. Published November 17, 2021 For best results, pose your search like a question. Home / COVID-19 / Payment Deferral Agreement- COVID Payment Deferral Agreement [SERVICER LOGO] [SERVICER ADDRESS] [BORROWER 1 NAME] [BORROWER 2 NAME] [DATE] [ADDRESS 1] [ADDRESS 2] REFERENCE: [LOAN NUMBER] [CITY, STATE ZIP CODE] PAYMENT DEFERRAL AGREEMENT Dear [BORROWER NAME(S)]: ShaSrheare this answer [DATE] Thank you for speaking with us about your mortgage. As we discussed, you are approved for a payment deferral, and we will defer your past-due amounts to bring your mortgage current. This letter describes what a payment deferral is and how it impacts your mortgage. [When including with a solicitation letter, use the following language in lieu of the paragraph above: You are approved for a payment deferral, and we will defer your past-due amounts to bring your mortgage current. This letter describes what a payment deferral is and how it impacts your mortgage. **To accept this offer, you must [servicer include instruction on method(s) evidencing acceptance] by [date before end of the current month]** ] What is a Payment Deferral? A payment deferral brings your mortgage current and delays repayment of certain past-due monthly principal and interest payments, as well as other amounts we paid on your behalf related to the past-due monthly payments. You will be responsible for paying the past-due amounts upon the maturity date of the mortgage or earlier upon the sale or transfer of the property, refinance of the mortgage loan, or payoff of the interest-bearing unpaid principal balance.

Related to Servicing Guide

  • Underwriting Guidelines A true and correct copy of the Underwriting Guidelines certified by an officer of the Seller.

  • Subservicing Agreement The written contract between the Master Servicer and any Subservicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02, generally in the form of the servicer contract referred to or contained in the Program Guide or in such other form as has been approved by the Master Servicer and the Company. With respect to Additional Collateral Loans subserviced by MLCC, the Subservicing Agreement shall also include the Addendum and Assignment Agreement and the Pledged Asset Mortgage Servicing Agreement. With respect to any Pledged Asset Loan subserviced by GMAC Mortgage, LLC, the Addendum and Assignment Agreement, dated as of November 24, 1998, between the Master Servicer and GMAC Mortgage, LLC, as such agreement may be amended from time to time.

  • Servicing Agreements Seller will service the Mortgage Loans in accordance with Accepted Servicing Practices and will perform its obligations in all material respects in accordance with the Servicing Agreements and Applicable Law. In particular, Seller shall comply with any advancing obligation under the Servicing Agreements. Without the express written consent of Purchaser (which consent may be withheld in its absolute discretion), Seller shall not (a) cancel, terminate or amend any Mortgage Servicing Rights, (b) expressly provide any required consent to any termination, amendment or modification of any Servicing Agreements either verbally or in writing, (c) expressly provide any required consent to any termination, amendment or modification of any other servicing agreements or enter into any other agreement or arrangement with the applicable Owner that may be reasonably material to Purchaser either verbally or in writing, (d) expressly or verbally waive any material default under or breach of any Servicing Agreement by the applicable Owner that may be material to the Purchaser (in Purchaser’s reasonable determination) or (e) take any other action in connection with any such Servicing Agreement that would impair in any material respect the value of the interests or rights of the Purchaser hereunder. Seller shall conduct its business and perform its obligations under the Servicing Agreements in a manner such that the applicable Owner will not have cause to terminate any Servicing Agreement. Notwithstanding the foregoing, in no event will the prohibitions contained in this Section 8.11 apply to any amendments or modifications of the Servicing Agreements applicable to Current Mortgage Loans or Mortgage Loans owned by Seller which do not affect the Future Excess Servicing Spread with respect to such Current Mortgage Loans or Mortgage Loans and are not reasonably material to the Purchaser.

  • Servicing Agreement A Servicer Default shall have occurred and be continuing; or

  • Servicing Programs No license or approval is required for the Administrative Agent’s use of any software or other computer program used by the Servicer, any Originator or any Sub-Servicer in the servicing of the Pool Receivables, other than those which have been obtained and are in full force and effect.

  • Mortgage Loan Schedule The information pertaining to each Mortgage Loan which is set forth in the Mortgage Loan Schedule attached as an exhibit to this Agreement is true and correct in all material respects as of the Cut-off Date and contains all information required by the Pooling and Servicing Agreement to be contained therein.

  • Mortgage Loan Characteristics The characteristics of the related Mortgage Loan Package are as set forth on the description of the pool characteristics for the applicable Mortgage Loan Package delivered pursuant to Section 11 on the related Closing Date in the form attached as Exhibit B to each related Assignment and Conveyance Agreement;

  • Pooling and Servicing Agreement (1) Capitalized terms used in this Agreement that are not defined herein and are defined in the Pooling and Servicing Agreement shall have the respective meanings assigned to them in the Pooling and Servicing Agreement.

  • Servicing The servicing and collection practices used by the Mortgage Loan Seller with respect to the Mortgage Loan have been, in all respects legal and have met with customary industry standards for servicing of commercial loans for conduit loan programs.

  • Special Servicing Procedures Section 2.01 Reports and Notices (a) Section 2.02 Purchaser's Election to Delay Foreclosure Proceedings Purchaser's Election to Commence Foreclosure Proceedings (a) Collateral Funds

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