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Common use of Fidelity Bond Rating Requirement Clause in Contracts

Fidelity Bond Rating Requirement. The Fidelity Bond must be obtained from a company which satisfies FNMA or FHLMC standards in this regard.

Appears in 77 contracts

Sources: Servicing Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar5 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-3 Trust)

Related Clauses

  • Required Ratings
  • Master Servicer Fidelity Bond and Master Servicer Errors and Omissions Insurance Policy
  • Insurance Company Rating
  • Rating Agency Downgrade
  • Required Notices to Rating Agency and Subservicer

Parent Clauses

  • Servicer Considerations
  • Fidelity Bond Coverage
  • Miscellaneous Provisions
  • Amendments
  • Eligible Investments

Sub-Clauses

  • Liability Exposure
  • Scope of Liability
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