Examples of Mortgage Purchase Agreement in a sentence
The payment made by the Participating Lender of an amount established in an Application as consideration for the Agency's agreement, by acceptance of the Application of the Participating Lender, to purchase Mortgage Loans from the Participating Lender under this Mortgage Purchase Agreement.
The sale of each Mortgage Loan to Utah Housing shall be evidenced and governed by a Mortgage Purchase Agreement as provided in the Selling Supplement and by all other Participation Documents.
Utah Housing represents and warrants that the issuance of each Mortgage Purchase Agreement has been duly authorized and is, in all respects, in compliance with the Act, Utah Housing’s By- Laws and Rules, the Participation Documents and, if applicable, the General Resolution.
All of the Lender's representations, warranties, covenants and agreements contained in the Participation Documents shall remain operative and in full force and effect, regardless of: (a) any investigation made by or on behalf of Utah Housing; (b) delivery of any payment with respect to the Mortgage Loans delivered pursuant to the Participation Documents; and (c) any expiration or termination by Utah Housing of the Mortgage Purchase Agreement.
The Division and the Participating Lending Institution (hereafter the “Servicer”) have entered into a Mortgage Purchase Agreement whereby the Servicer agreed to transfer all of its right, title and interest in the Mortgage Loan described in the Mortgage Purchase Agreement to the Division.