HMBS definition
Examples of HMBS in a sentence
For HMBS pools: Sections 13-4(A) and 35-8 of the ▇▇▇▇▇▇ ▇▇▇ MBS Guide, Rev.
To the extent the Seller acquires an HMBS Repurchased Loan relating to any BANA-Serviced Assets in accordance with Section 3.09, the Seller will own such HMBS Repurchased Loan and the Purchaser will subservice such HMBS Repurchased Loan on behalf of the Seller thereafter pursuant to the terms of the Subservicing Agreement.
At the request of the Seller and to the extent assignable to HUD, the Purchaser, in its capacity as servicer, shall assign any such HMBS Repurchased Loan to HUD and forward any claim proceeds received from HUD for such HMBS Repurchased Loan to the Seller pursuant to the terms of the Subservicing Agreement.
Purchaser, as Issuer, shall be responsible for timely submitting all required ▇▇▇▇▇▇ ▇▇▇ forms to effectuate the purchase of any Mandatory Repurchased Loans from the related HMBS Pool.
For HMBS pools: Sections 13-4(A) and 35-8 of the ▇▇▇▇▇▇ Mae MBS Guide, Rev.
Seller’s ratio of Warehouse Indebtedness (excluding Nonrecourse Debt and all HMBS security obligations and any other securitization obligations of Seller and excluding all Indebtedness that is not reflected on the Seller’s financial statements) to Adjusted Tangible Net Worth has not exceeded 10:1 for the calendar month ending [DATE].
Purchaser, as Issuer, shall be responsible for timely submitting all required ▇▇▇▇▇▇ Mae forms to effectuate the purchase of any Collateral Deficient Loan or ▇▇▇▇▇▇ ▇▇▇ Defective Loan from the related HMBS Pool.
No (i) monetary default, breach or violation exists with respect to any agreement or other document governing or pertaining to such ▇▇▇▇▇▇ Mae Tail HMBS, or (ii) event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach or violation of such ▇▇▇▇▇▇ ▇▇▇ Tail HMBS.
Group 4 Assets: The (i) ▇▇▇▇▇▇ Mae Issuer Rights with respect to the HMBS Pools in which the Reverse Mortgage Loans set forth on Schedule 4 attached hereto are included, which HMBS Pools were issued by the Seller or an Affiliate thereof and (ii) all rights assigned to the Purchaser pursuant to the Assignment and Assumption Agreement (Group 4 Assets).
Agent No earlier than 5:00 p.m. (New York City time) on the thirtieth day after the Notice Date A master repurchase agreement with respect to such ▇▇▇▇▇▇ Mae Tail HMBS, executed by Seller and Agent for the benefit of Purchasers, in form and substance satisfactory to Agent, in its sole discretion No later than 5:00 p.m. (New York City time) on the Business Day prior to the requested Purchase Date.