Servicing Portfolio definition

Servicing Portfolio means, as to any Person, the unpaid principal balance of Mortgage Loans serviced by that Person under Servicing Contracts, minus the principal balance of all Mortgage Loans that are serviced by that Person for others under subservicing arrangements.

Servicing Portfolio means Borrower’s entire portfolio of Serviced Loans.

Servicing Portfolio means the portfolio of Servicing Contracts pursuant to which the Borrower has the rights to service Serviced Loans.

Examples of Servicing Portfolio in a sentence

• Ginnie Mae reserves the right to request new primary servicer or Issuer credit ratings at any time once an Issuer exceeds the Ginnie Mae Single-Family Servicing Portfolio thresholds outlined in this Subsection 5 ($25, $50 and $75 billion), except that, Ginnie Mae shall not require more than one primary servicer rating or more than two Issuer credit ratings within an 18-month period, beginning on the date that Ginnie Mae receives the primary servicer rating or Issuer credit rating report, as applicable.

• Issuers with a “Ginnie Mae Single-Family Servicing Portfolio Amount” that exceeds $25,000,000,000 ($25 billion) will be required to obtain an external primary servicer rating.

• Issuers with a Ginnie Mae Single- Family Servicing Portfolio that exceeds $75,000,000,000 ($75 billion) will be required to obtain an external primary servicer rating and Issuer credit ratings from two different (i.e. unaffiliated) Nationally Recognized Statistical Rating Organizations.

• Any Issuer that has a Ginnie Mae Single-Family Servicing Portfolio Amount that exceeds $25,000,000,000 ($25 billion) may request an exemption from the primary servicer rating requirement if it has delegated servicing responsibilities to another Ginnie Mae Issuer that has already obtained and submitted a primary servicer rating.

• The amounts described in the preceding sentence are called “Recoveries” or “Issuing Entity Recoveries.” Each month, Recoveries allocated to the issuing entity are equal to the total recoveries collected by Chase USA from the revolving credit card accounts in the Bank Servicing Portfolio, times defaulted receivables in the issuing entity, divided by defaulted receivables in the Bank Servicing Portfolio.

More Definitions of Servicing Portfolio

Servicing Portfolio means, as of any applicable date of determination, the portfolio of Mortgage Loans with respect to which Borrower has direct servicing rights.

Servicing Portfolio means, as to any Person, all Mortgage Loans the servicing or subservicing rights for which are owned by such Person and with respect to which such Person functions as the servicing institution.

Servicing Portfolio. The Seller’s entire portfolio of Serviced Loans.

Servicing Portfolio means Xxxxxxxx’s entire portfolio of Serviced Loans.

Servicing Portfolio means, at any time, the portfolio of outstanding Mortgage Loans (excluding Mortgage Loans owned by either Borrower or its Affiliates which are not serviced pursuant to a Permitted Affiliate Servicing Agreement) with respect to which the Borrowers have direct servicing rights.

Servicing Portfolio means, as of any particular date, the then aggregate unpaid principal balance of the one-to-four family residential real estate mortgage loans which are then being serviced by the Company pursuant to mortgage selling and servicing contracts and mortgage pool purchasing contracts entered into with FNMA, GNMA, FHLMC, or other investors acceptable to the Bank.

Servicing Portfolio means as of any date, the Aggregate Outstanding ------------------- Principal Balance of all Receivables (whether or not thereafter sold or disposed of) which are serviced by the Servicer or any of its Affiliates at such time, calculated in a manner consistent with the calculation of the components of Average Servicing Portfolio in the most recent Form 10-K or Form 10-Q of AmeriCredit Corp.