Examples of Master Servicers in a sentence
All payments of interest and principal on the Class A(2017-2) Notes shall be made as set forth in Section 1102 of the Indenture.
The Master Servicer's duties include general loan servicing, collecting and remitting principal and interest payments, administering mortgage escrow accounts, collecting insurance claims, and, if necessary, foreclosing on properties and administering and disposing of foreclosed properties.Each month, the Master Servicer will receive a fee as compensation for its servicing activities.
For the purpose of the preceding sentence, principal payments include scheduled payments, principal prepay- ments, liquidations due to default, casualty and condemnation and payments made pursuant to either the Master Servicer's or Fannie Mae's option to repurchase.
The Rating Agencies also controlled which entities could be selected as successor Master Servicers.
Mortgage loans will be originated by Florida Housing's participating lenders and sold to Florida Housing's Master Servicer, currently U.S. Bank, or any other master servicer selected by Florida Housing, in accordance with the Master Servicer's mortgage loan delivery requirements at rates established by Florida Housing based upon the rates and prices provided by the Administrator.