Examples of Gxxxxx Mae in a sentence
The Gxxxxx Mae Program, the Fxxxxx Mxx Program and/or the Fxxxxxx Mac Program, as the context may require.
The Gxxxxx Mae Mortgage-Backed Securities Guide, as such Guide may hereafter from time to time be amended.
The Gxxxxx Mae Mortgage-Backed Securities Programs, as described in the Gxxxxx Mxx Guide.
In any event, Seller or its delegate shall subservice such Purchased Mortgage Loans with the degree of care and in accordance with the subservicing standards generally prevailing in the industry, including those required by Fxxxxx Mxx, Fxxxxxx Mac and Gxxxxx Mae.
The Servicer hereby irrevocably appoints the Noteholder(s) of any Outstanding MBS Advance VFN with the authority (but no obligation) to make any MBS Advance on the Servicer’s behalf to the extent the Servicer fails to make any required payments on the related MBS when required to do so pursuant to the Gxxxxx Mae Contract.
Each Government Mortgage Loan conforms with all applicable FHA or VA underwriting, lending, selling and servicing requirements and with all Gxxxxx Mae requirements for the inclusion of the Mortgage Loan in a Gxxxxx Mxx mortgage-backed security pool, and the Seller will comply with all documentation requirements of the Administrative Agent and the document custodian within the time limitations described in the Facility Documents.
Such insurance shall be underwritten by a company acceptable under Fxxxxx Mxx, Fxxxxxx Mac or Gxxxxx Mae guidelines, and must protect Seller against losses resulting from dishonest or fraudulent acts committed by Seller’s employees and agents, and against losses resulting from the negligence, errors or omissions of Seller’s employees and agents in the performance of Seller’s normal loan origination duties.
Each Gxxxxx Mae Buyout Loan meets the criteria set forth in the definition thereof as set forth in this Agreement.
The Borrower is approved by each of Fxxxxx Mxx and Fxxxxxx Mac as an approved seller/servicer, approved by Gxxxxx Mae as an approved issuer, and, to the extent necessary, approved by the Secretary of HUD pursuant to Sections 203 and 211 of the National Housing Act, as amended.
Other than with respect to a Gxxxxx Mae Modified Loan, there are no defaults in complying with the terms of the Mortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable.