MDMC definition

MDMC means Mortgage Data Management Corporation. "Mortgages" means the mortgages, deeds of trust, security deeds and other instruments creating a lien on real property with respect to the Company Mortgage Loans. "Mortgage Files" means, with respect to any Company Mortgage Loan or any Pipeline Loan, the file or files containing the photostatic copy or copies on other media and, to the extent required by applicable Law, original documents, of the Mortgage Note, any mortgage or other documents creating or evidencing a security interest in the related Collateral and other Loan Documents with respect to each Company Mortgage Loan or Pipeline Loan, as well as the related credit and closing packages, disclosures, custodial documents, and all other files, books, records and documents reasonably necessary to (i) establish the eligibility of the mortgage loans or Pipeline Loans for insurance by an Insurer or for sale or delivery to an Investor, (ii) service the mortgage loans in accordance with the Mortgage Loan Regulations, or (iii) comply with the Mortgage Loan Regulations regarding documentation to be maintained by a servicer of a mortgage loan or a Pipeline Loan, or by the document custodian thereof.
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Examples of MDMC in a sentence

  • The parties make the following representations to one another in connection with this transaction: MDMC and RSSC hereby warrant and represent to CADC the following.

  • The consummation of the transaction contemplated by this Agreement will not result in the breach of any term or provisions of any mortgage, indenture, instrument or agreement to which MDMC or RSSC is a party.

  • MDMC and RSSC have full power and authority to enter into this Agreement and to assume and perform all of their obligations hereunder.

  • MDMC and RSSC agree to transfer and assign to CADC, subject to the terms and conditions of this Agreement, all of their right, title in interest in, to and under the Contracts.

  • If an objecting Settlement Class Member intends to appear at the Final Approval Hearing, either with or without counsel, he or she must also file with the Court, and mail or hand-deliver to Settlement Class Counsel and MDMC Counsel, a notice of appearance no later than ninety (90) Days after the Preliminary Approval Date.

  • This shall constitute the only remedy of MDMC and RSSC, and they shall have no further rights against CADC.

  • MDMC and RSSC agree that CADC, among its remedies, shall be entitled to specific performance of this Agreement.

  • CADC hereby warrants and represents to MDMC and RSSC the following.

  • To any extent required, the execution and delivery of this Agreement and the performance by MDMC and RSSC of their obligations hereunder has been duly authorized and no further action or approval is required in order to constitute this Agreement as a binding and enforceable obligation of MDMC and RSSC.

  • Seller shall cause its Chief Financial Officer to prepare and deliver to Buyer and MDMC on the date which is seven (7) days prior to the Closing updated lists, as of such date, of the Company Mortgage Loans and Pipeline Loans in the same format as Schedule 1.1(b)(i) and Schedule 1.1(b)(ii) hereof and a "tape" of such Company Mortgage Loans.