Failure to Comply with Eligibility Standards. It is a breach of this Master Agreement if the PFI fails at any time to meet FHLB standards set forth in the FHLB Guidelines for eligible Mortgage Sellers or Servicers so that, in FHLB’s sole opinion, the PFI’s ability to comply with FHLB Guidelines, this Master Agreement, any other Program Documents, or the Guide is adversely affected.
Appears in 2 contracts
Sources: Mortgage Selling and Servicing Master Agreement (Federal Home Loan Bank of Cincinnati), Mortgage Selling and Servicing Master Agreement (Federal Home Loan Bank of Cincinnati)