Group 1 Mortgage Loan definition
Examples of Group 1 Mortgage Loan in a sentence
Any such purchase shall be made by such Group 1 Special Servicer at a price equal to the Repurchase Price for such Group 1 Mortgage Loan.
No Group 1 Mortgage Loan contains a first lien mortgage that, at origination, exceeded the applicable loan limits specified below.
Solely with respect to the Group 1 Mortgage Loans, the Master Servicer will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (i.e., favorable and unfavorable) on its credit files for the related Mortgagor for each Group 1 Mortgage Loan to Equifax, Experian and Trans Union Credit Information Company on a monthly basis.
Notwithstanding the foregoing, any breach of a Deemed Material and Adverse Representation with respect to a Group 1 Mortgage Loan or Group 2 Mortgage Loan shall automatically be deemed to materially and adversely affect such Mortgage Loan or the interest of the related Certificateholders therein.
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