Common use of Condominiums/Planned Unit Developments Clause in Contracts

Condominiums/Planned Unit Developments. If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimus planned unit development) such condominium or planned unit development project meets FHA, VA and GNMA eligibility requirements for sale to GNMA or is located in a condominium or planned unit development project which has received FHA, VA and GNMA project approval and the representations and warranties required by FHA, VA and GNMA with respect to such condominium or planned unit development have been made and remain true and correct in all material respects.

Appears in 2 contracts

Sources: Mortgage Loan Repurchase and Servicing Agreement (PHH Corp), Mortgage Loan Purchase and Servicing Agreement (PHH Corp)

Condominiums/Planned Unit Developments. If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimus planned unit development) such condominium or planned unit development project meets FHA, VA and GNMA FNMA eligibility requirements for sale to GNMA FNMA or is located in a condominium or planned unit development project which has received FHA, VA and GNMA FNMA project approval and the representations and warranties required by FHA, VA and GNMA FNMA with respect to such condominium or planned unit development have been made and remain true and correct in all material respects.;

Appears in 2 contracts

Sources: Mortgage Loan Flow Purchase and Warranties Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 2002 4h), Master Repurchase Agreement (Firstcity Financial Corp)

Condominiums/Planned Unit Developments. If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimus minimums planned unit development) such condominium or planned unit development project meets FHA, VA and GNMA eligibility requirements for sale to GNMA or is located in a condominium or planned unit development project which has received FHA, VA and GNMA project approval and the representations and warranties required by FHA, VA and GNMA with respect to such condominium or planned unit development have been made and remain true and correct in all material respects.

Appears in 2 contracts

Sources: Master Repurchase Agreement (PHH Corp), Mortgage Loan Repurchase and Servicing Agreement (PHH Corp)

Condominiums/Planned Unit Developments. If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimus planned unit development) , such condominium or planned unit development project meets FHA, VA and GNMA eligibility requirements for sale is acceptable to GNMA FNMA or FHLMC or is located in a condominium or planned unit development project which has received FHA, VA and GNMA project approval and the representations and warranties required by FHA, VA and GNMA with respect to such condominium from FNMA or planned unit development have been made and remain true and correct in all material respects.FHLMC;

Appears in 2 contracts

Sources: Mortgage Loan Purchase and Warranties Agreement (Franklin Finance Corp), Mortgage Loan Purchase and Warranties Agreement (D&n Capital Corp)

Condominiums/Planned Unit Developments. If the Mortgaged -------------------------------------- Property is a condominium unit or a planned unit development (other than a de minimus planned unit development) such condominium or planned unit development project meets FHA, VA and GNMA the eligibility requirements for sale to GNMA of FNMA or is located in a condominium or planned unit development project which has received FHA, VA and GNMA project approval from FNMA and the representations and warranties required by FHA, VA FNMA and GNMA the Company's Underwriting Guidelines with respect to such condominium or planned unit development have been made and remain true and correct in all material respects.;

Appears in 1 contract

Sources: Seller's Warranties Agreement (Preferred Credit Corp)

Condominiums/Planned Unit Developments. If the Mortgaged Property is a -------------------------------------- condominium unit or a planned unit development (other than a de minimus planned unit development) such condominium or planned unit development project meets FHA, VA and GNMA would materially meet FNMA eligibility requirements for sale to GNMA FNMA or is located in a condominium or planned unit development project which has received FHA, VA and GNMA FNMA project approval and the representations and warranties required by FHA, VA and GNMA FNMA with respect to such condominium or planned unit development have been made and remain true and correct in all material respects.;

Appears in 1 contract

Sources: Master Repurchase Agreement (United Panam Financial Corp)

Condominiums/Planned Unit Developments. If the Mortgaged Property mortgaged property is a condominium unit or a planned unit development (other than a de minimus minimis planned unit development) such condominium or planned unit development project meets FHA, VA and GNMA FNMA eligibility requirements for sale to GNMA FNMA or is located in a condominium or planned unit development project which has received FHA, VA and GNMA FNMA project approval and the representations and warranties required by FHA, VA and GNMA FNMA with respect to such condominium or planned unit development have been made and remain true and correct in all material respects.;

Appears in 1 contract

Sources: Master Repurchase Agreement (Realtrust Asset Corp)