Xxxxxxx Mac Mortgage Loan definition

Xxxxxxx Mac Mortgage Loan means a mortgage loan that is in Strict Compliance on the related Purchase Date with the eligibility requirements specified for the applicable Xxxxxxx Mac Program described in the Xxxxxxx Mac Guide.

Xxxxxxx Mac Mortgage Loan. A Mortgage Loan underwritten in accordance with the guidelines of Xxxxxxx Mac described in the Xxxxxxx Mac Guide.

Xxxxxxx Mac Mortgage Loan. A Mortgage Loan included in a Xxxxxxx Mac Pool.

Examples of Xxxxxxx Mac Mortgage Loan in a sentence

• Lessor agrees to take responsibility for structural repairs to the building's foundations and walls and Lessee agrees to take responsibility for maintenance (e.g., painting, minor repairs) thereof.

• The Fulfillment Fee with respect to each Mortgage Loan other than a Xxxxxx Mae Mortgage Loan or Xxxxxxx Mac Mortgage Loan shall be due and payable by the Company as follows: (a) the product of 0.35% and the aggregate unpaid principal balance of such Mortgage Loan upon the funding of such Mortgage Loan or within thirty (30) days thereof, and (b) the product of 0.50% and (ii) the aggregate unpaid principal balance of such Mortgage Loan upon the sale of such Mortgage Loan or within thirty (30) days thereof.

• With respect to each Xxxxxxx Mac Mortgage Loan, such Mortgage Loan was originated and underwritten in accordance with the Xxxxxxx Mac Guide in effect at the time such Mortgage Loan was originated and such Mortgage Loan complies with such guidelines and complies with any overlays set forth in writing by Buyer.

• If a Mortgage Loan is a Xxxxxxx Mac Mortgage Loan, Seller hereby makes to Purchaser the representations and warranties contained in the applicable Xxxxxxx Mac Requirements with respect to such Xxxxxxx Mac Mortgage Loan; if a Mortgage Loan is a Xxxxxx Xxx Mortgage Loan, Seller hereby makes to Purchaser the representations and warranties contained in the applicable Xxxxxx Mae Requirements with respect to such Xxxxxx Xxx Mortgage Loan.

• The Borrower shall not acquire, form, or otherwise invest in a Subsidiary (other than PWF and the PWF Subsidiaries) which engages in Xxxxxx Mae or Xxxxxxx Mac Mortgage Loan purchasing, origination or servicing.

More Definitions of Xxxxxxx Mac Mortgage Loan

Xxxxxxx Mac Mortgage Loan means the mortgage loans underlying Xxxxxxx Mac MSRs, which shall be identified as “Xxxxxxx Mac Mortgage Loans” on the applicable Schedule of Assets.

Xxxxxxx Mac Mortgage Loan means a mortgage loan underwritten in accordance with the guidelines of Xxxxxxx Mac described in the Xxxxxxx Mac Guide.

Xxxxxxx Mac Mortgage Loan means a permanent loan on a Property originated under, and underwritten to the permanent loan standards of, Xxxxxxx Mac as described in the Xxxxxxx Mac Multifamily Seller/Servicer Guide, as amended, supplemented and/or restated from time to time.

Xxxxxxx Mac Mortgage Loan. A mortgage loan with respect to which Xxxxxxx Mac owns the beneficial interest therein or that serves as collateral for mortgage-backed securities on which the payment of principal and interest is guaranteed by Xxxxxxx Mac.

Xxxxxxx Mac Mortgage Loan means a mortgage loan that is in Strict Compliance on the related Purchase Date with the eligibility requirements specified for the applicable Xxxxxxx Mac Program described in the Xxxxxxx Mac Guide. “Xxxxxxx Mac Program” means the Xxxxxxx Mac Home Mortgage Guarantor Program or the Xxxxxxx Mac FHA/VA Home Mortgage Guarantor Program, as described in the Xxxxxxx Mac Guide. “Xxxxxxx Mac Security” means a modified pass-through mortgage-backed participation certificate, evidenced by a book-entry account in a depository institution having book-entry accounts at the Federal Reserve Bank of New York, issued and guaranteed, with respect to timely payment of interest and ultimate payment of principal, by Xxxxxxx Mac and backed by a pool of Xxxxxxx Mac Mortgage Loans in substantially the principal amount and with substantially the other terms as specified with respect to such Xxxxxxx Mac Security in the related Takeout Commitment, if any. “GAAP” means generally accepted accounting principles as in effect from time to time in the United States of America. “Xxxxxx Mae” means the Government National Mortgage Association and its successors in interest, a wholly-owned corporate instrumentality of the government of the United States of America. “Xxxxxx Xxx Guide” means the Xxxxxx Mae Mortgage-Backed Securities Guide, as such Guide may hereafter from time to time be amended. “Xxxxxx Xxx Mortgage Loan” means a mortgage loan that is in Strict Compliance on the related Purchase Date with the eligibility requirements specified for the applicable Xxxxxx Mae Program in the applicable Xxxxxx Xxx Guide, and such mortgage loan has not been purchased out of a Xxxxxx Mae Security.2025 “Xxxxxx Xxx Program” means the Xxxxxx Mae Mortgage-Backed Securities Programs, as described in the Xxxxxx Xxx Guide. 2025 The definition of “Xxxxxx Mae Mortgage Loan” was amended by Amendment No. 1, dated as of September 24, 2021.

Xxxxxxx Mac Mortgage Loan means a Mortgage Loan, which loan has been transferred and assigned to Xxxxxxx Mac and in a Xxxxxxx Mac Pool and serviced for Xxxxxxx Mac pursuant to a Xxxxxxx Mac Designated Servicing Contract, and its related Xxxxxxx Mac Designated Servicing Contract.

Xxxxxxx Mac Mortgage Loan means a Mortgage Loan originated under the Xxxxxxx Mac issuer/servicer program.