GMAC Mortgage definition

GMAC Mortgage. GMAC Mortgage Corporation, or its successor in interest.
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GMAC Mortgage has the meaning specified in the preamble.
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GMAC Mortgage. GMAC Mortgage Corp.
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Examples of GMAC Mortgage in a sentence

  • Cerberus ResCap Financing, LLC (or its applicable affiliate) and the Borrower shall each have converted 100% of their respective participation interests in GMAC’s senior secured credit facility with Residential Funding Company, LLC and GMAC Mortgage, LLC, dated June 4, 2008, to Common Membership Interests.

  • Thereafter, the parties entered into negotiations for settlement of the Loan Originator Finding, and that GMAC Mortgage produced documentation of partial compliance resulting in reduction in the number of unregistered or improperly sponsored loan originators and number of loans originated originally cited by the Department.

  • The parties further stipulate that the XXX contained a finding that GMAC Mortgage had employed loan originators during the exam period that originated Illinois residential mortgage loans without being registered or properly sponsored (the “Loan Originator Finding”).

  • The Department and GMAC Mortgage, or hereinafter the parties, stipulate that the Department conducted a regular examination of GMAC Mortgage for the exam period November 1, 2006 through August 31, 2009 (the “Examination Period”) resulting in issuance of a Report of Examination (the “XXX”).

  • The parties further stipulate that the Loan Originator Finding and Revised Loan Originator Finding occurred prior to GMAC Mortgage implementing new quality controls over loan originator registration in the State of Illinois.

  • The parties stipulate that this Settlement is predicated upon GMAC Mortgage now having quality controls in place to manage loan originator registration in the State of Illinois and GMAC Mortgage’s record of compliance with the Residential Mortgage License Act of 1987 (the “Act”) [ 205 ILCS 635] and the rules promulgated thereunder (the “Rules”) [38 Ill.

  • Ally Bank represents to Named Plaintiffs and Class Counsel that it shall not interfere with any efforts by Class Counsel, Cap Re and GMAC Mortgage to obtain approval of this Settlement in accordance with this Agreement.

  • If you have more than one residential mortgage loan originated and/or acquired by GMAC Mortgage, Ally Bank, and/or their affiliates on or after January 1, 2004, with private mortgage insurance that was reinsured by Cap Re, you may receive more than one Class Notice and may be entitled to receive more than one check.

  • XXXXXXX TOPAZ XXXXXXX & CHECK, LLP 000 Xxxx xx Xxxxxxx Xxxx Xxxxxx, XX 00000 and Counsel for GMAC Mortgage and Cap Re Xxxxxxx Xxxxxxx XXXXXXXX & XXXXXXXX LLP 000 Xxxxxx Xxxxxx Xxx Xxxxxxxxx, XX 00000 and Counsel for Ally Bank Xxxxxxx X.

  • AFI shall have sold the Minnesota Data Center Interest to EPRE and re-assigned the Texas Data Center Interest to GMAC Mortgage, in each case on or prior to Closing, and such Data Center Interests shall be transferable at Closing to Purchaser, such that it owns good, valid and marketable title to 100% of the Eden Prairie Owned Real Property and 100% of the Lewisville, Texas Leased Real Property, in each case free and clear of all Claims and Liens (other than Permitted Liens).


More Definitions of GMAC Mortgage

GMAC Mortgage means the first mortgage on the Property which will be granted concurrently with the acquisition of the Property, presently anticipated to occur in December 1998, to secure the purchase money loan (the "GMAC Loan") which will be used to acquire the Property. "GMAC Loan Documents" means the GMAC Mortgage and the other documents evidencing and securing the GMAC Loan. "Lender" means the then holder of the GMAC Mortgage and the other GMAC Loan Documents.
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GMAC Mortgage has the meaning ascribed such term in Section 3.1.
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GMAC Mortgage means GMAC Mortgage, LLC, a Delaware limited liability company, and its successors in interest.
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Related to GMAC Mortgage

  • Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • Mortgage Sale Agreement means the mortgage sale agreement dated 3 June 2005 as amended and restated on 4 October 2007, 20 May 2008 and as further amended and restated on 25 June 2014 made between Santander UK plc (1) Abbey Covered Bonds LLP (the "LLP") (2) and Deutsche Trustee Company Limited (the "Security Trustee") (3) (as the same may be or have been amended, varied or supplemented from time to time with the consent of those parties).

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Residential mortgage loan means any loan primarily for

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Mortgage Insurer means CMHC, Genworth Financial Insurance Company Canada, or any other company that insures the payment of mortgages to mortgage lenders.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • mortgage agreement ’ means the note or debt instrument and the mortgage instrument, deed of trust instrument, trust deed, or instru- ment or instruments creating the mortgage, including any instrument incorporated by ref- erence therein (including any applicable regu- latory agreement), and any instrument or agreement amending or modifying any of the foregoing;

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

  • Mortgage shall have the meaning assigned to such term in the recitals.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.

  • Initial Mortgage Loan A Mortgage Loan conveyed to the Trust Fund on the Closing Date pursuant to this Agreement as identified on the Mortgage Loan Schedule delivered to the Trustee on the Closing Date.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Ship Mortgage shall have the meaning set forth for such term in the Intercreditor Agreement. Notice of Assignment ASSIGNMENT OF INSURANCE BY INTERNAL CHARTERERS Vantage Driller I Co. NOTICE OF ASSIGNMENT To Whom It May Concern: Vantage Driller IV Co., an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “Assignor”), HEREBY GIVES NOTICE that by an Assignment, dated October 25, 2012, and made by the Assignor to Xxxxx Fargo Bank, National Association (the “Assignee”), as Pari Passu Collateral Agent (as defined under the Intercreditor Agreement defined below), the Assignor assigned to the Assignee all of the Assignor’s right, title and interest in and to all insurances and the benefit of all insurances heretofore, now or hereafter taken out in respect of the Panamanian flag vessel TOPAZ DRILLER and all proceeds thereof. This Notice and the attached Loss Payable Clauses are to be endorsed on all policies and certificates of entry evidencing such insurances.

  • Commercial Mortgage Loan means a loan secured by a Lien on improved real estate used for commercial purposes.

  • Electric motor vehicle means a motor vehicle that is powered solely by an

  • National City Servicing Agreement Solely with respect to the National City Mortgage Loans, the Master Seller’s Warranties and Servicing Agreement, dated as of October 1, 2001, between the Transferor and National City, as the same may be amended from time to time, and any assignments and conveyances related to the National City Mortgage Loans.

  • Mortgage Instrument means any mortgage, deed of trust or deed to secure debt executed by a Credit Party in favor of the Administrative Agent, for the benefit of the Secured Parties, pursuant to the terms of Section 4.1(e)(i), 5.10 or 5.12, as the same may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Mortgage Instruments means such title reports, ALTA title insurance policies (with endorsements), evidence of zoning compliance, property insurance, flood certifications and flood insurance (and, if applicable FEMA form acknowledgements of insurance), opinions of counsel, ALTA surveys, appraisals, environmental assessments and reports, mortgage tax affidavits and declarations and other similar information and related certifications as are requested by, and in form and substance reasonably acceptable to, the Administrative Agent from time to time.