Master Servicing Rights definition

Master Servicing Rights. The Servicing Rights identified as master servicing rights on Exhibit B of the Transfer Agreement.
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Master Servicing Rights means all right, title and interest of a Seller: (i) as Master Servicer under the Master Servicing Agreements, including the right to receive the Master Servicing Compensation under the Master Servicing Agreements and any other compensation arising from, or payable to the Master Servicer under, the Master Servicing Agreements, and any earnings and other benefits of the related Master Servicing Custodial Accounts and any other related accounts maintained by such Seller pursuant to the Master Servicing Agreements, but excluding any servicing fees payable under the RALI Pooling and Servicing Agreements; (ii) to the related Master Servicing obligations as specified in each applicable Master Servicing Agreement; (iii) to any and all accounts established for the Master Servicing of the Master Serviced Mortgage Loans or pursuant to the applicable Master Servicing Agreements, including, to the extent provided therein, any right or power to direct the disposition, disbursement, distribution or investment of amounts deposited therein; (iv) to the Master Servicing Custodial Accounts maintained pursuant to the Master Servicing Agreements; (v) with respect to the right of ownership, possession, control and use of any and all relevant documents and accounts pertaining to the Master Servicing of the Master Serviced Mortgage Loans; (vi) with respect to any Servicer Advances required to be reimbursed pursuant to any Master Servicing Agreement; (vii) to the “clean-up call” right, if any, to purchase the Master Serviced Mortgage Loans upon the aggregate principal balance thereof being reduced below a specified amount to the extent provided to such Seller in any Master Servicing Agreement (such right, a “Call Right”); and (viii) with respect to all other rights, powers and privileges of such Seller as the Master Servicer under the Master Servicing Agreements as expressly set forth therein or as deemed at Law.
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Master Servicing Rights means master loan servicing rights under the Pooling ans Servicing Agreements relating to Series 1997-4, 1998-1, 1998-2, and 1998-H1 Securitization Trusts.
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Examples of Master Servicing Rights in a sentence

  • As Trustee, Wells Fargo has known of the malfeasance of ORIX and has elected to “look the other way” provided monies keep entering the coffers of Wells Fargo in the form of Trustee Fees, which are $0.0012% per anuum of the Aggregate Amount of the loans in the pool, and the value of the Master Servicing Rights continues to grow.

  • Sale Supplement, dated as of July 1, 2013, to the Master Servicing Rights Purchase Agreement, dated as of October 1, 2012, between Ocwen Loan Servicing, LLC, HLSS Holdings, LLC and Home Loan Servicing Solutions, Ltd.

  • Amendment, dated as of September 30, 2013, to the Sale Supplement, dated as of July 1, 2013, to the Master Servicing Rights Purchase Agreement, dated as of October 1, 2012, between Ocwen Loan Servicing, LLC, HLSS Holdings, LLC and Home Loan Servicing Solutions, Ltd.

  • Their strategic plan has an impact model that guides their investments to increase access, quality, coordination, consumer, and community capacity in an overall effort to increase outcomes for children in their three goal areas.

  • These rights to receive the servicing fees are referred to as “Rights to MSRs.” In addition to the Rights to MSRs, the Master Servicing Rights Purchase Agreement and the initial Sale Supplement also required that HLSS purchase the outstanding servicing advances associated with the related pooling and servicing agreements.

  • The collection, processing and transfer of personal data is necessary for the Company’s administration of the Plan and participation in the Plan, and the Participant’s denial and/or objection to the collection, processing and transfer of personal data may affect participation in the Plan.

  • In terms of shorter range impacts, I agree with the AONB unit that these immediate impacts would be much greater, as quite clearly the development would be visible along the approach to the village from the south west and from viewpoints on the road immediately opposite the site.

  • When you use a provider who belongs to your Plan’s network of participating providers, that provider should file a claim on your behalf.

  • If the sale of the loan to Fannie Mae is accompanied by the sale of the Master Servicing Rights (co-issue), transfer servicing to reflect the MERS Org ID of the purchasing Master Service (or their designated sub-servicer) in the MERS eRegistry “Servicing Agent” field.

  • Article VIII shall only apply with respect to the Master Servicing and Master Servicing Rights and shall not extend to SBO Servicers; provided that nothing herein shall limit, restrict or qualify each Purchaser’s rights to indemnification and remedies (as owner of the Rights to MSRs and Excess Servicing Fee, as applicable) that are set forth in the applicable Servicing Agreement, the applicable Client Contract, and/or the applicable Servicer Guide.


More Definitions of Master Servicing Rights

Master Servicing Rights. The Servicing Rights identified as master servicing rights on Exhibit B hereto.
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Master Servicing Rights means all right, title and interest of a Seller: (i) as Master Servicer under the Master Servicing Agreements, including the right to receive the Master Servicing Compensation under the Master Servicing Agreements and any other compensation arising from, or payable to the Master Servicer under, the Master Servicing Agreements, and any earnings and other benefits of the related Master Servicing Custodial Accounts and any other related accounts maintained by such Seller pursuant to the Master Servicing Agreements, but excluding any servicing fees payable under the RALI Pooling and Servicing Agreements; (ii) to the related Master Servicing obligations as specified in each applicable Master Servicing Agreement; (iii) to any and all accounts established for the Master Servicing of the Master Serviced Mortgage Loans or pursuant to the applicable Master Servicing Agreements, including, to the extent provided therein, any right or power to direct the disposition, disbursement, distribution or investment of amounts deposited therein; (iv) to the Master Servicing Custodial Accounts maintained pursuant to the Master Servicing Agreements; (v) with respect to the right of ownership, possession, control and use of any and all relevant documents and accounts pertaining to the Master Servicing of the Master Serviced Mortgage Loans; (vi) with respect to any Servicer Advances required to be reimbursed pursuant to any Master Servicing Agreement; (vii) to the “clean-up call” right, if any, to purchase the Master Serviced Mortgage Loans upon the aggregate principal balance thereof being reduced below a specified amount to the extent provided to such Seller in any Master Servicing Agreement (such right, a “ Call Right ”); and (viii) with respect to all other rights, powers and privileges of such Seller as the Master Servicer under the Master Servicing Agreements as expressly set forth therein or as deemed at Law.
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Master Servicing Rights. Closing Section 9.01 Closing Date Section 9.01 CMA Section 6.05(a) COBRA Section 4.13(d) Confidentiality Agreement Section 12.01 Continuing Employee Section 7.08(b) Controlling Party Section 10.07(e) Conversion Plan Section 7.10(i)(i) Criminal Third Party Claim Section 10.07(f) Cut-off Date Master Servicing Data Tape Section 7.10(z) De Minimis Threshold Section 10.04(b) Environmental Report Section 4.15 Excluded Assets Section 2.01(c) Exception Report Section 4.12(a) Excluded Liabilities Section 2.02(c) Financial Statements Section 4.05(a) Financing Section 5.04 First Closing Section 9.01(a) First Closing Cut-off Date Servicer Advance Data Tape Section 7.10(e) First Closing Cut-off Date Servicing Rights Data Tape Section 7.10(d) First Closing Date Section 9.01(a) First Closing Date Payment Section 2.03(b)(i)
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Related to Master Servicing Rights

  • Servicing Rights means rights of any Person, to administer, service or subservice, the Purchased Assets or to possess related Servicing Records.

  • Master Servicing Agreement means the master servicing agreement entered into on 20 May 2013 between the Guarantor, the Issuer and the Master Servicer.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

  • Master Servicing Fee As to any Distribution Date, an amount equal to one-twelfth the product of (a) the Master Servicing Fee Rate and (b) the outstanding principal balance of each Mortgage Loan. Master Servicing Fee Rate: 0.00% per annum.

  • Primary Servicing Agreement means the agreement between the applicable Primary Servicer and the Master Servicer, under which such applicable Primary Servicer services the Mortgage Loans set forth on the schedule attached thereto.

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Special Servicer means the special servicer appointed to act in such capacity with respect to the Mortgage Loan as provided in the Lead Securitization Servicing Agreement.

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Sub-Servicing Agreement The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

  • Other Servicing Agreements The Servicing Agreements other than the WFHM Servicing Agreement.

  • Subservicing Agreements As defined in Section 3.02(a).

  • Servicing Portfolio means, as to any Person, the unpaid principal balance of Mortgage Loans serviced by that Person under Servicing Contracts, minus the principal balance of all Mortgage Loans that are serviced by that Person for others under subservicing arrangements.

  • Non-Lead Servicing Agreements means the PSA with respect to each Non-Lead Note (other than the Non-Lead Note that is included in the Lead Securitization).

  • Primary Servicing Fee means, with respect to each Mortgage Loan and REO Mortgage Loan, the fee payable to the Primary Servicer pursuant to Section 3.01(c)(20) of this Agreement.

  • Note A-1 Master Servicer means the master servicer under the Note A-1 PSA.

  • Non-Lead Master Servicer means the applicable “master servicer” under any Non-Lead Securitization Servicing Agreement.

  • Interim Servicing Agreement The agreement to be entered into by the Purchaser and the Interim Servicer, providing for the Interim Servicer to service the Mortgage Loans as specified by the Interim Servicing Agreement.

  • Note A-3 Master Servicer means the master servicer under the Note A-3 PSA.