Collateral Files definition
Collateral Files means, with respect to each Mortgage Loan, that file containing the Mortgage Loan Documents or, as permitted by Applicable Servicing Requirements, copies thereof, that are required by the applicable Investor pursuant to Applicable Servicing Requirements to be held by the Custodian.
Collateral Files. With respect to each Mortgage Loan, the file containing the Mortgage Loan Documents and such other documents or instruments as are required to be maintained with the Document Custodian or necessary to obtain certification pursuant to Applicable Requirements. Compensatory Fees: Fees or penalties imposed by an Investor on the Servicer for an unjustifiable failure to complete a Foreclosure within such Investor’s required “state foreclosure time lines.” Corporate Advances: Advances related to a delinquent Mortgage Loan expended by Seller in accordance with the Servicing Agreements (other than P & I Advances and T & I Advances), including attorney fees and costs, property preservation, property inspection, and valuation fees, as well as other default related expenses.
Collateral Files means the files, which as of the date of this Agreement are in the possession of First Capital, containing all agreements, documents, instruments, certificates and other records evidencing or securing FCC Loans.
Examples of Collateral Files in a sentence
The possession by any Person of all Servicing Files, Collateral Files, Custodial Accounts and Escrow Accounts following the Sale Date, is solely in a custodial capacity for and at the will of Purchaser, subject to Investor requirements.
The Collateral Files for all Mortgage Loans with the applicable Agency include all documents necessary for the Purchaser or the Custodian to provide the final certification or recertification for the related pools to the extent required under Applicable Requirements.
More Definitions of Collateral Files
Collateral Files. The Loan Files together with the Asset Files.