Common use of Mortgagor Selection Clause in Contracts

Mortgagor Selection. No Mortgagor ▇▇▇ ▇ncouraged or required to select a Mortgage Loan product offered by the originator which is a higher cost product designed for less creditworthy mortgagors, unless at the time of the Mortgage Loan's origination, such Mortgagor did not qualify taking into account credit history and debt-to-income ratios for a lower-cost credit product then offered by the originator or any Affiliate of the originator;

Appears in 7 contracts

Sources: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He1), Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-He1)

Mortgagor Selection. No Mortgagor ▇▇▇ ▇ncouraged n▇▇▇raged or required to select a Mortgage Loan product offered by the originator Originator which is a higher cost product designed for less creditworthy mortgagors, unless at the time of the Mortgage Loan's origination, such Mortgagor did not qualify taking into account credit history and debt-to-income ratios for a lower-cost credit product then offered by the originator Originator or any Affiliate of the originatorOriginator;

Appears in 3 contracts

Sources: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He6), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He3), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He7)

Mortgagor Selection. No Mortgagor ▇▇▇ ▇ncouraged n▇▇▇raged or required to select a Mortgage Loan product offered by the originator which is a higher cost product designed for less creditworthy mortgagors, unless at the time of the Mortgage Loan's origination, such Mortgagor did not qualify taking into account credit history and debt▇▇▇▇-to▇▇-income ▇ncome ratios for a lower-cost credit product then offered by the originator or any Affiliate of the originator;

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He6), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He7)

Mortgagor Selection. No Mortgagor ▇▇▇ ▇ncouraged n▇▇▇raged or required to select a Mortgage Loan product offered by the originator which is a higher cost product designed for less creditworthy mortgagors, unless at the time of the Mortgage Loan's origination, such Mortgagor did not qualify taking into account credit history and debt-tot▇-income ▇▇▇▇▇▇ ratios for a lower-cost credit product then offered by the originator or any Affiliate of the originator;

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He3)

Mortgagor Selection. No Mortgagor Mortgag▇▇ ▇▇▇ ▇ncouraged ▇▇ouraged or required to select a Mortgage Loan product offered by the originator Originator which is a higher cost product designed for less creditworthy mortgagors, unless at the time of the Mortgage Loan's origination, such Mortgagor did not qualify taking into account credit history and debt-to-debt to income ratios for a lower-lower cost credit product then offered by the originator Originator or any Affiliate of the originatorOriginator;

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Morgan Stanley IXIS Real Estate Capital Trust 2006-1)