Servicing Income definition

Servicing Income means, with respect to any Mortgage Loan, all Servicing Fees and Ancillary Income payable to the Borrower as servicer (as applicable) pursuant to the applicable Servicing Contract. For the avoidance of doubt, Servicing Income shall not include reimbursements of Servicing Advance Receivables.

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Servicing Income means, with respect to any ▇▇▇▇▇▇ ▇▇▇ Mortgage Loan, all Servicing Fees and Ancillary Income payable to the Guarantor as servicer (as applicable) pursuant to the ▇▇▇▇▇▇ ▇▇▇ Agency Guide.

Servicing Income means, with respect to any Mortgage Loan, all Servicing Fees and Ancillary Income payable to the Borrower as servicer (as applicable) pursuant to the Fannie Mae Agency Guide.

Examples of Servicing Income in a sentence

To the Servicer, ABS, the Servicing Fee plus Ancillary Servicing Income, if any .
The Borrower shall cause to be deposited into the Fee Collection Account all Servicing Income that is not related to Servicing Rights that are subject an interest of a Sold Excess Spread Purchaser within two (2) Business Days following the Borrower’s receipt and identification thereof.
Upon the occurrence and during the continuance of an Event of Default under the Repurchase Agreement, upon Buyer’s direction the Servicer shall remit to Buyer all Servicing Income in accordance with Buyer’s written instructions no later than [***] following receipt thereof.
The Purchaser shall be entitled to all collections and recoveries of Servicing Fees which accrue after the Cut-off Date and all Ancillary Servicing Income that is received or collected after the Cut-off Date, regardless of when such Ancillary Servicing Income accrues.
Seller shall be entitled to all collections and recoveries of Servicing Fees which accrue on or before the Cut-off Date and all Ancillary Servicing Income that is received or collected on or before the Cut-off Date, regardless of when such Ancillary Servicing Income accrues.
Upon receipt of a notice of Event of Default from Buyer (a “Notice of Event of Default”), the Servicer shall segregate all amounts including all Income (the “Servicing Income”) collected on account of the Mortgage Loans which are then pledged to Buyer under the Repurchase Agreement as more particularly identified by Buyer (the “Subject Mortgage Loans”), and remit such Servicing Income in accordance with the Buyer’s written instructions.
If the related Servicing Rights are subject to an interest of a Sold Excess Servicing Spread Purchaser, the Borrower shall cause all Servicing Income to be remitted to the Dedicated Accounts no later than two (2) Business Days following receipt and identification thereof.
All Servicing Income Rights (with the exception of the right to retain Ancillary Fees collected by Seller as subservicer during the Interim Subservicing Period or the Subservicing Period) shall be paid to Purchaser after the Sale Date.
Each party shall promptly pay, or cause to be forwarded to the other party, all such Servicing Fees and Ancillary Servicing Income it collects which belongs to the other party as provided in this Section 2.4, but in no event later than two (2) Business Days after such party's receipt thereof.

More Definitions of Servicing Income

Servicing Income. All servicing fees earned, subservicing fees earned and Ancillary Income, in each case to the extent derived from or related to the Mortgage Loans, as reduced by any compensating interest payments required to be made by SPS related to the Mortgage Loans. Servicing Income for the applicable month shall be itemized and shown on each Monthly Contingent Payment report delivered pursuant to Section 3(a). Subject to Section 7(b), all components of Servicing Income shall be charged, collected, calculated and applied in a manner consistent with methods utilized by SPS during the six months immediately preceding the Option Closing Date, consistently applied.

Servicing Income means, with respect to the Eligible Pledged Servicing Receivables at any time, all income from servicing the Mortgage Loans, consisting of the spread between interest actually collected from mortgagors and interest required to be paid to holders of the corresponding ▇▇▇▇▇▇ Mae MBS, including any Ancillary Income, prepayment charges payable to the Borrower as servicer (as applicable), and all Surplus Proceeds excluding, in any case, (i) any guaranty fees payable to any Agency and (ii) any Advance Reimbursement Amounts.

Servicing Income means, with respect to any Mortgage Loan, all Servicing Fees and Ancillary Income payable to the Guarantor as servicer (as applicable) pursuant to the Fannie Mae Agency Guide.