Accepted Servicing Practices definition
Accepted Servicing Practices. With respect to any Mortgage Loan, those mortgage servicing practices of prudent mortgage lending institutions which service mortgage loans of the same type as such Mortgage Loan in the jurisdiction where the related Mortgaged Property is located.
Accepted Servicing Practices. The Servicer's normal servicing practices, which will conform to the mortgage servicing practices of prudent mortgage lending institutions that service for their own account mortgage loans of the same type as the Mortgage Loans in the jurisdictions in which the related Mortgaged Properties are located.
Accepted Servicing Practices. With respect to any Mortgage Loan, those mortgage servicing practices set forth in Section 3.01(a) of this Agreement.
Examples of Accepted Servicing Practices in a sentence
Each Seller shall cause the Purchased Assets to be serviced in accordance with Accepted Servicing Practices.
The servicing and collection practices used by Seller and, to Seller’s Knowledge, any prior holder with respect to the Purchased Asset complied in all material respects with all applicable laws and regulations and have been, in all material respects, legal and have met Accepted Servicing Practices.
More Definitions of Accepted Servicing Practices
Accepted Servicing Practices. As defined in Section 3.1.
Accepted Servicing Practices. With respect to any Mortgage Loan, those accepted and prudent mortgage servicing practices (including collection procedures) which are in accordance with the servicing practices and procedures as set forth in the applicable Servicing Agreements, and in a manner at least equal in quality to the servicing that Seller provides to mortgage loans which it owns in its own portfolio.
Accepted Servicing Practices. With respect to any Mortgage Loan, those mortgage servicing practices (i) of prudent mortgage lending institutions that service mortgage loans of the same type as such Mortgage Loans in the jurisdiction where the related Mortgaged Property is located and (ii) in accordance with applicable state, local and federal laws, rules and regulations; provided, further, that, unless otherwise specified in this Agreement, such mortgage servicing practices shall be undertaken in accordance with the provisions of the ▇▇▇▇▇▇ ▇▇▇ Guides.
Accepted Servicing Practices means with respect to any applicable Purchased Asset, those mortgage loan servicing practices of prudent mortgage lending institutions that service mortgage loans of the same type as such Purchased Asset in the jurisdiction where the related underlying real estate directly or indirectly securing or supporting such Purchased Asset is located.
Accepted Servicing Practices. With respect to any Mortgage Loan, those mortgage servicing practices (including collection procedures) of prudent mortgage banking institutions which service mortgage loans of the same type as such Mortgage Loan in the jurisdiction where the related Mortgaged Property is located, and which are in accordance with ▇▇▇▇▇▇ Mae servicing practices and procedures, for MBS pool mortgages, as defined in the ▇▇▇▇▇▇ ▇▇▇ Guides including future updates.
Accepted Servicing Practices. As provided in each Servicing Agreement.
Accepted Servicing Practices. With respect to any Mortgage Loan, those mortgage servicing practices (including collection procedures) of prudent mortgage banking institutions which service mortgage loans of the same type as such Mortgage Loan in the jurisdiction where the related Mortgaged Property is located, and which are in accordance with FNMA servicing practices and procedures, for MBS pool mortgages, as defined in the FNMA Guides including future updates.