Ability to Service. The Company is an approved seller/servicer of conventional residential mortgage loans for ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Company is a HUD approved mortgagee and is in good standing to sell mortgage loans to and service mortgage loans for ▇▇▇▇▇▇ Mae or ▇▇▇▇▇▇▇ Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Company unable to comply with ▇▇▇▇▇▇ Mae or ▇▇▇▇▇▇▇ Mac eligibility requirements or which would require notification to either ▇▇▇▇▇▇ Mae or ▇▇▇▇▇▇▇ Mac;
Appears in 18 contracts
Sources: Seller's Warranties and Servicing Agreement (J.P. Morgan Mortgage Acquisition Trust 2006-Wf1), Master Seller’s Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Seller's Warranties and Servicing Agreement (Sequoia Mortgage Trust 2007-3)
Ability to Service. The Company is an approved seller/servicer of conventional residential mortgage loans for ▇F▇▇▇▇▇ ▇M▇▇ or ▇F▇▇▇▇▇▇ Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Company is a HUD approved mortgagee and is in good standing to sell mortgage loans to and service mortgage loans for ▇F▇▇▇▇▇ Mae or ▇F▇▇▇▇▇▇ Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Company unable to comply with ▇F▇▇▇▇▇ Mae or ▇F▇▇▇▇▇▇ Mac eligibility requirements or which would require notification to either ▇F▇▇▇▇▇ Mae or ▇F▇▇▇▇▇▇ Mac;
Appears in 4 contracts
Sources: Seller’s Warranties and Servicing Agreement (Sequoia Mortgage Trust 2007-2), Master Seller’s Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax), Sale and Servicing Agreement (Bear Stearns ARM Trust 2007-2)
Ability to Service. The Company is an approved seller/servicer of conventional residential mortgage loans for ▇F▇▇▇▇▇ ▇▇▇ Mae or ▇F▇▇▇▇▇▇ Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Company is a HUD approved mortgagee and is in good standing to sell mortgage loans to and service mortgage loans for ▇F▇▇▇▇▇ Mae or ▇F▇▇▇▇▇▇ Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Company unable to comply with ▇F▇▇▇▇▇ Mae or ▇F▇▇▇▇▇▇ Mac eligibility requirements or which would require notification to either ▇F▇▇▇▇▇ Mae or ▇F▇▇▇▇▇▇ Mac;
Appears in 1 contract
Sources: Sale and Servicing Agreement (Bear Stearns ARM Trust 2007-2)