DUS Program definition
Examples of DUS Program in a sentence
Borrower represents and warrants to Credit Agent and Lenders that Borrower will have met the ▇▇▇▇▇▇ Mae DUS Program requirements for lender reserves for each ▇▇▇▇▇▇ ▇▇▇ DUS Mortgage Loan to be funded by a Warehousing Advance, at such time as required by ▇▇▇▇▇▇ Mae under the ▇▇▇▇▇▇ ▇▇▇ DUS Program.
In 1997, ARCS closed $752 million of loans secured by 147 properties, most of which were originated under the FNMA DUS Program.
SECTION 5.7.2. To the extent necessary to consummate a purchase under a Purchase Commitment, the Lender will send a Bailee Letter to ▇▇▇▇▇▇ Mae, with respect to DUS Program Loans, and to U.S. Bank with respect to FHA Mortgage Loans, using forms of Bailee Letters prescribed by ▇▇▇▇▇▇ ▇▇▇, FHA or ▇▇▇▇▇▇ Mae, respectively.
Borrower represents and warrants to Lender, as of the date of this Agreement and as of the date of each Warehousing Advance Request and the making of each Warehousing Advance, that Dated: 5/23/2003 Amended: 6/11/2004 Borrower has met the F▇▇▇▇▇ Mae DUS Program requirements for lender reserves for each F▇▇▇▇▇ M▇▇ DUS Mortgage Loan to be funded by a Warehousing Advance.
Multi-Family Loans or Senior Loans sold to F▇▇▇▇▇ M▇▇ pursuant to the DUS Program.
The Borrower represents and warrants to Agent and the Lenders, as of the date of this Agreement and as of the date of each Warehousing Advance Request and the making of each Warehousing Advance, that it has met the ▇▇▇▇▇▇ Mae DUS Program requirements for lender reserves for each ▇▇▇▇▇▇ ▇▇▇ DUS Mortgage Loan to be funded by such Warehousing Advance.
The Acquisition Subsidiary’s primary business shall be the servicing of multifamily mortgage loans pursuant to the F▇▇▇▇▇ Mae DUS Program.
Each Borrower represents and warrants to Lender, as of the date of this Agreement and as of the date of each Advance Request and the making of each Advance, that such Borrower has met the ▇▇▇▇▇▇ Mae DUS Program requirements for lender reserves for each ▇▇▇▇▇▇ ▇▇▇ DUS Mortgage Loan to be funded by an Advance.
The Company is approved and qualified and in good standing with ▇▇▇▇▇▇ Mae as a Delegated Underwriter/Servicer and, as of the date hereof, as an eligible lender under ▇▇▇▇▇▇ Mae’s ASAP Plus program (within the DUS Program), meets all requirements applicable to its status as such, and is eligible to originate, purchase, hold, sell and service Mortgage Loans to be sold to ▇▇▇▇▇▇ Mae under the DUS Program.
Multi-Family Loans or Senior Loans sold to ▇▇▇▇▇▇ ▇▇▇ pursuant to the DUS Program.