Examples of Originating Lenders in a sentence
Any single GNMA or Fannie Mae securities-backed bond issue will identify lenders as follows: Originating Lenders - A financial institution which agrees to originate home mortgages and assigns such home mortgages and the servicing in connection therewith to a Master Servicer.
The onset of star formation 250 million years after the Big Bang.
All Subordinated Notes which are redeemed will forthwith be canceled.
Originating Lenders are required to fax the CHFA Loan Purchase Request form(066-0408-F) with Note copies prior to the 12:00 P.M. funding deadline for all loans closed prior to the deadline.
Any single GNMA or Fannie Mae/Freddie Mac securities-backed bond issue will identify lenders as follows: Originating Lenders - A financial institution which agrees to originate home mortgages and assigns such home mortgages and the servicing in connection therewithto a Master Servicer.
Virginia Housing, at its sole discretion, may suspend the Originating Lender from participating in Virginia Housing origination activities based on the Originating Lender's failure to comply with Virginia Housing guidelines, procedures, requirements, or any change in staff which would affect the Originating Lender's ability to perform these responsibilities on behalf of Virginia Housing.
Virginia Housing loans may be locked in by Originating Lenders for specific borrowers and properties.
Provide copies of any notification forwarded to an insurer/guarantor for violations of law or regulations, false statements or program abuses by the Originating Lender, its employees or any other party to the transaction as required under the respective Quality Control plan to Virginia Housing.• Procedures: Originating Lenders shall follow VA, FHA, Rural Housing, Fannie Mae and Freddie Mac quality control procedures as they apply.
The delegated procedures enable Originating Lenders to reduce the time involved in underwriting and closing Virginia Housing loans.
Originating Lenders are expected to offer all Virginia Housing products including Down Payment Assistance and Mortgage Credit Certificates.