Common use of Conversion to Fixed Interest Rate Clause in Contracts

Conversion to Fixed Interest Rate. With respect to each ARM Mortgage Loan; the Mortgage Loan does not contain a provision permitting or requiring conversion to a fixed interest rate Mortgage Loan.

Appears in 25 contracts

Samples: Warranties and Servicing Agreement (Lehman XS Trust Series 2006-12n), Reconstituted Servicing Agreement (Lehman Mortgage Trust 2007-3), Reconstituted Servicing Agreement (Structured Asset Securities Corp Mort Pas THR Cer Se 2002-2)

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Conversion to Fixed Interest Rate. With respect to each ARM Mortgage Adjustable Rate Loan; , the Mortgage Loan Note does not contain a provision permitting or requiring conversion to a fixed interest rate Mortgage Loan.

Appears in 8 contracts

Samples: Master Repurchase Agreement (Home Point Capital Inc.), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.)

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Conversion to Fixed Interest Rate. With respect to each ARM Mortgage Adjustable Rate Loan; , the Mortgage Loan Note does not contain a provision permitting or requiring conversion to a fixed interest rate Mortgage Loan.

Appears in 6 contracts

Samples: Loan Purchase Agreement, Loan Purchase Agreement, Loan Purchase Agreement

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