No Construction Loans. No Eligible Loan (i) was made in connection with the construction or rehabilitation of a Mortgaged Property which has not been completed, (ii) except for HELOCs, provides for future advances of funds by the Seller that have not yet been advanced or (iii) facilitates the trade-in or exchange of a Mortgaged Property.
Appears in 2 contracts
Samples: Repurchase and Servicing Agreement (PHH Corp), Repurchase and Servicing Agreement (PHH Corp)
No Construction Loans. No Eligible Loan (i) was made in connection with the construction or rehabilitation of a Mortgaged Property which has not been completed, completed or (ii) except for HELOCs, provides for future advances of funds by the Seller that or the Additional Seller, as applicable, which have not yet been advanced or (iii) facilitates the trade-in or exchange of a Mortgaged Property.
Appears in 2 contracts
Samples: Mortgage Loan Purchase and Servicing Agreement (PHH Corp), Administration Agreement (PHH Corp)
No Construction Loans. No Eligible To the best of the Seller’s knowledge and belief, no Mortgage Loan (i) was made in connection with for the construction or rehabilitation of a Mortgaged Property which has not been completed, completed or (ii) except for (other than HELOCs, ) provides for future advances of funds by the Seller that which have not yet been advanced or (iii) facilitates the trade-in or exchange of a Mortgaged Property.
Appears in 1 contract
Samples: Mortgage Loan Purchase and Servicing Agreement (New Century Financial Corp)
No Construction Loans. No Eligible To the best of the Seller’s knowledge and belief, no Mortgage Loan (i) was made in connection with for the construction or rehabilitation of a Mortgaged Property which has not been completed, completed or (ii) except for (other than HELOCs, ) provides for future advances of funds by the Seller that Company which have not yet been advanced or (iii) facilitates the trade-in or exchange of a Mortgaged Property.
Appears in 1 contract
Samples: Mortgage Loan Purchase and Servicing Agreement (New Century Financial Corp)
No Construction Loans. No Eligible Mortgage Loan (i) was made in connection with the construction or rehabilitation of a Mortgaged Property which has not been completed, (ii) except for HELOCsHELOCs and Closed End Second Mortgage Loans, provides for future advances of funds by the Seller that have not yet been advanced or (iii) facilitates the trade-in or exchange of a Mortgaged Property.
Appears in 1 contract
