Examples of Participated Mortgage Loan in a sentence
In the meantime, Count 3 is dismissed for failure to state a claim upon which relief may be granted.d. Counterclaim 4 Citing paragraph 7A of the Custodial Agreement, the FDIC alleges in Count 4 that BOA breached its duty to return to Colonial any Participated Mortgage Loan that was not purchased within six business days of BOA’s receipt of the Loan.
By execution of this Agreement, [BOA] represents and warrants that it currently holds, and during the existence of this Agreement shall hold, no interest adverse to [Colonial] or [TBW], by way of security or otherwise, in any Participated Mortgage Loan, and hereby waives and releases any such interest which it may have in any Participated Mortgage Loan as of the date hereof.
No. 25 at ¶ 19.).TBW arranged for Ocala to purchase Colonial’s 99% participation interest in each Participated Mortgage Loan that TBW funded through the Colonial COLB Facilities.
In the event that a Participated Mortgage Loan is not purchased by Ocala within 6 Business Days from receipt of the related Mortgage file, [TBW] shall request, and [BOA] shall deliver, such Mortgage File to [Colonial].
Therefore, BOA’s motion to dismiss Count 1 is denied.b. Counterclaim 2 Again citing paragraph 4B of the Custodial Agreement, Count 2 alleges that BOA was obligated to segregate and maintain continuous custody of any mortgages documents associated with a Participated Mortgage Loan that was transferred to BOA.
The actual Participated Mortgage Loan prepayment rate during the calendar quarter preceding the Payment Date.
That the outstanding principal on each of the Participated Mortgage Loans does not exceed 80% of the appraisal value of the mortgaged properties as security for the relevant Participated Mortgage Loan.
The Servicer may in no case entertain on its own account, i.e. without it being so requested by the Obligor, a change in the final maturity date of the Participated Mortgage Loan which may result in an extension of that date.
So DESMI has introduced a system built in modules – where customers can choose among the different pieces that fit together – “a bit like Lego bricks” – into a whole unit, according to Christian.
Paying into the Treasury Account the amounts received from the Participated Mortgage Loan Servicer as both principal and interest and otherwise howsoever owing to the Fund on account of the same.