SIB Mortgage Corp definition

SIB Mortgage Corp. ("SIB Mortgage"), and NC Capital Corporation ("NC Capital" and together with IFC, Novelle, Encore, BNC, Chapel, People's Choice, Aegis SIB Mortgage and NC Capital, the "Originators") have agreed to sell to CDC Mortgage Capital Inc. (the "Unaffiliated Seller") certain mortgage loans (each, a "Mortgage Loan"). These Mortgage Loans may in turn be sold by the Unaffiliated Seller to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ABS CAPITAL I INC. (the "Depositor") and then sold by the Depositor to the CDC Mortgage Capital Trust ▇▇▇▇-▇▇▇ (▇▇▇ "▇▇▇▇▇ ▇▇▇▇"). The Trust Fund was established pursuant to a Pooling and Servicing Agreement, dated as of March 1, 2003 (the "Pooling and Servicing Agreement") among the Unaffiliated Seller, the Depositor, Fairbanks Capital Corp., as servicer (the "Servicer") and Deutsche Bank National Trust Company, as trustee (the "Trustee"). The Pooling and Servicing Agreement permits a pre-funding feature, allowing for the acquisition by the Trust Fund of Subsequent Mortgage Loans during the Pre-Funding Period. Representations and warranties with respect to the Mortgage Loans have been made by the Originators pursuant to separate Assignment and Recognition Agreements. Capitalized terms used herein and not defined herein have their respective meanings as set forth in the Pooling and Servicing Agreement.
View Source

Examples of SIB Mortgage Corp in a sentence

  • The Seller shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled "SIB Mortgage Corp.

  • The Seller shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, "SIB Mortgage Corp., in trust for ▇▇▇▇▇▇ Brothers Bank, FSB Residential Fixed and Adjustable Rate Mortgage Loans, Group No. 2002-2, and various Mortgagors".

  • The Seller shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, "SIB Mortgage Corp., in trust for Lehman Brothers Bank, FSB Residential Fixed and Adjustable Rate Mortg▇▇▇ ▇▇ans, Group No. 2002-2, and various Mortgagors".

  • In addition, SIB agrees to cooperate with ICBC following the execution of this Agreement with respect to (i) the development and implementation of a plan for the operation of the SIB Mortgage Corp.

  • Flow Mortgage Loan Purchase and Warranties Agreement by and between the Bank and SIB Mortgage Corp., dated as of June 10, 2002.

  • FLOW INTERIM SERVICING AGREEMENT This Flow Interim Servicing Agreement (the "Agreement") is entered into as of the tenth day of June, 2002 by and between SIB Mortgage Corp.

  • Lehman Brothers Bank, FSB (the "Bank") acquired certain mortgage loa▇▇ (▇▇e "Mortgage Loans") from the Servicer, which Serviced Mortgage Loans were either originated or acquired by the Servicer pursuant to the Flow Mortgage Loan Purchase and Warranties Agreement, dated as of June 10, 2002, by and between the Bank and SIB Mortgage Corp., as amended by Amendment No. 1, dated as of November 1, 2002 (collectively, the "Purchase Agreement"), which is annexed as Exhibit B hereto.

  • EXHIBITS -------- EXHIBIT 1 FORM OF MONTHLY REMITTANCE ADVICE EXHIBIT 2 FORM OF CUSTODIAL ACCOUNT CERTIFICATION EXHIBIT 3 FORM OF CUSTODIAL ACCOUNT LETTER AGREEMENT EXHIBIT 4 FORM OF ESCROW ACCOUNT CERTIFICATION EXHIBIT 5 FORM OF ESCROW ACCOUNT LETTER AGREEMENT EXHIBIT 6 FORM OF ACKNOWLEDGMENT AGREEMENT FLOW INTERIM SERVICING AGREEMENT This Flow Interim Servicing Agreement (the "Agreement") is entered into as of the tenth day of June, 2002 by and between SIB Mortgage Corp.

  • Renaissance Asset Corporation SIB Financial Services Corporation SIB Investment Corporation SIB Mortgage Corp.