MBSO definition

MBSO is defined in Section 2.9.2.
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MBSO is defined in Section 2.9.2. “MERS” means the Mortgage Electronic Registration System and Mortgage Electronic Registration, Inc., or any successor, collectively or singly, as the context requires. “MERS Mortgage Loan” means any Mortgage Loan registered with MERS, whether at or after the transfer date of such Mortgage Loan. “Mortgage”, “Mortgages”, and “Mortgage Loans” means the fixed-rate or adjustable mortgage loans and the fixed-rate or adjustable mortgages, security deeds, trust deeds, deeds of trust and other documents securing those loans which comprise the residential mortgage loans being transferred, together with any such loans hereafter subserviced hereunder by mutual agreement of Lender and Subservicer. “Mortgaged Premises” means the real estate encumbered by a Mortgage to secure a Mortgage Loan. “Mortgagor” means the one or more mortgagors, trustors of trust deeds and deeds of trust, the grantors of any Mortgage securing a Mortgage Loan and the owners of the Mortgaged Premises at the time of reference. “NCUA” means the National Credit Union Administration and any successor.
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Examples of MBSO in a sentence

  • If Lender elects PLS, Subservicer will provide coupon books (or monthly statements if Lender elects the MBSO option) to the affected Mortgagors customized with the Lender’s logo and other camera-ready customized graphic designs provided by Lender, at its expense, in the format specified by Subservicer for such purposes.

  • If Lender elects MBSO, Subservicer will mail monthly billing statements to the Mortgagor(s) under each Mortgage Loan.

Related to MBSO

  • MBS means mortgage-backed securities.

  • Loan originator The entity that closes a Mortgage Loan in its own name.

  • Ginnie Mae is hereby added to Article I to immediately foll▇▇ ▇▇▇ ▇▇▇inition of "Freddie Mac":

  • RMBS means residential mortgage-backed securities.

  • Purchased Loans means, with respect to each Purchase Agreement, the Loans offered for sale and purchased or substituted pursuant to such Purchase Agreement.