Mortgage Servicing Rights. The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.
Mortgage Servicing Rights means a contractual obligation to perform mortgage servicing and the right to receive compensation for performing those services. Mortgage servicing is the administration of a mortgage loan, including collecting monthly payments and fees, providing record-keeping and escrow functions, and, if necessary, curing defaults and foreclosing.
Mortgage Servicing Rights means a contractual obligation to perform mortgage servicing and the right to receive compensation for performing those services. Mortgage servicing is the administration of
Examples of Mortgage Servicing Rights in a sentence
Rescinded IAB 10/15/14, effective 11/19/14.17.16(3) Mortgage servicing rights.
More Definitions of Mortgage Servicing Rights
Mortgage Servicing Rights means the rights owned by the bank to service for a fee mortgage loans that are owned by others;
Mortgage Servicing Rights or “MSRs,” means financial assets representing the economic value to Sellers of Mortgage Servicing, including Servicing Compensation.
Mortgage Servicing Rights means the rights, title and interest to mortgage servicing rights acquired pursuant to the Servicing Agreements or any side or ancillary agreement entered into in connection with any Servicing Agreement, including (A) the right to receive any servicing fees, general servicing fees, excess servicing fees, late fees or other income or compensation payable to the mortgage servicing rights owner, solely in its capacity as such, under such Servicing Agreement, and (B) all other rights of a mortgage servicing rights owner as provided for in any Servicing Agreement.
Mortgage Servicing Rights means, with respect to the Borrower’s Servicing Portfolio, the Borrower’s servicing rights with respect thereto.
Mortgage Servicing Rights means assets designated as Mortgage Servicing Rights on the books and records of Mortgage Entities.
Mortgage Servicing Rights means the contractual right to service residential mortgage loans on
Mortgage Servicing Rights means those assets that represent the purchased rights to perform the servicing function for a specific group of mortgage loans that are owned by others. For purposes of determining regulatory capital under this regulation, purchased mortgage servicing rights will be recognized only to the extent the rights meet the conditions, limitations and restrictions described in Section 4(F)(2) of this regulation.