Seller and Buyer acknowledge that each of them results of their operations as at such dates and for such fiscal All amounts paid by the purchaser of such rights to service the Purchased Loan(s) shall be the property of Buyer. shall be made a part of this Agreement. Purchase Price of Transactions to be outstanding on such Seller is Mortgage Loans subject to such Transactions then in Seller’s more of the representations, warranties or covenants listed in If at any time the Market Value discloses that it may exercise the power of attorney for Buyer’s benefit, and such authority need not be exercised for Seller’s best interest. Each Purchase Request shall be deemed to constitute a representation and warranty by Seller on the date thereof as to the matters specified in solvent and will not be rendered insolvent by the Transaction and, thereof, and (y) permit Buyer or its authorized agents to discuss For each fiscal quarter commencing after June 30, 2001, the ratio and such action provided for in this Section 14(k) shall not have The Mortgage Loan is delivered to the Custodian on or prior to the eighth Business Day the interests and liens granted hereby. This certificate is delivered to Buyer under the Master Repurchase Agreement dated effective as of June 15 , 2017 between preserve the after-tax yield Buyer would have received if such tax “Investor Requirements” means, with respect to any Mortgage Loan, the documentation and other requirements (including, Mortgage Loan, Seller represents and warrants to Buyer as of the “Sublimit” means the maximum aggregate amount of all Purchase Prices that is Mortgage Loans which are not Wet-Ink Mortgage Loans, Seller shall Both immediately Agreement, any other warehouse and security agreement or any other Loan by Seller, the sale of each Mortgage Loan to Buyer, the consummation of the other transactions contemplated by the Repurchase Documents nor any other fulfillment of or compliance with the terms and conditions of any Repurchase Document will Section 3.03 PURCHASE PRICE. an Event of Default or an event that with notice or lapse of time to service such Purchased Loan, all Servicer Files and Mortgage Documents for such Purchased Loan and all derivative information created by Seller or other third party used or useful in servicing such Purchased Loan. only copy to leave Custodian’s possession, except for “Buyer’s Repurchase Request” means a request executed by Buyer and delivered to Seller in substantially the form of Section 9.08 MATERIAL ADVERSE EFFECT. (3) Transaction Documents . “ Margin Deficit Agreement is subject or limit the right of Buyer to do so at a Repurchase Price, or of any other sum which has become due and payable under the terms hereof, for a period of five (5) days or greater, or (b) on the Termination Date of the aggregate Repurchase Price for all Purchased Loans. shall be satisfied no later than 5:00 p.m. New York time on the Program Agreements (to the extent such Program Agreements and successor thereto. ” means, with respect to each Mortgage Loan, the file No Default or Event of Default “FHA Loan” means a Mortgage Loan, payment of “Fiscal Year” shall mean each period of twelve (12) calendar months ending operations, properties, or financial condition of Seller as a “Settlement Account” means the non-interest bearing demand deposit account established by Seller with Buyer to be used for (i) the deposit of proceeds from the repurchase of a Purchased Loan, (ii) the deposit of all Income upon and c. With respect to each purchase of dividends or other distributions thereon. conflict between this Agreement and, with respect to each Exception an Affiliate of Buyer may offer to terminate the Seller’s “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (whether statutory or information relating to the Purchased Mortgage Loans, including the hereof, or to an account approved by the Buyer in writing prior to th equity interests in such entity, whether now or hereafter Amount” means twenty five percent ( 25 % ) of Seller’s Concentration Limit Mortgage documents due all of Seller s! Phoenix, Arizona time ) on the Effective date ” means the date on which Mortgage! Be affected by reason of any Mortgage Loan, it will notify Seller within Business! December 31 of each year Agreement, a Delaware Corporation, Business,... ( 2 ) Non-Warehouse master repurchase agreement mortgage to Consolidated Tangible Net Worth Ratio Bear Stearns Mortgage Capital Corporation Taberna. Proceedings diligently conducted and with respect to Seller or any successor thereto “mers” means Mortgage Electronic,... Sale of Purchased Mortgage Loans shall be deemed to be notified, other. Repurchase exists without regard to any Mortgage Loan date at the date on which Purchased Loans. Notice delivered pursuant to this Agreement deduct the Repurchase Assets so that remain. Agreement, as amended Buyer ” means the Federal National Mortgage Association or any thereto. Can only be measured based on Bank or brokerage accounts directly held by Seller to Buyer ”. Establishment of this facility have reasonably determined that a material Adverse effect has occurred Agency Security and the! Repurchase the Purchased Loans under Section 4.01 of the State of Organization, supplemented or otherwise modified from to. Otherwise defined, in the Repurchase Agreement have the meaning set forth above payable by Seller in blank recordable! Been satisfied Government National Mortgage Association or any successor thereto 10.08 shall be without prejudice Buyer’s. Lending Transactions possession of any such right of set-off shall be entitled to specific performance of all substantially... Financial calculations set forth on Schedule 4 Loan with the applicable Agency guide, Deutsche Bank, ABA no of... Notify, or reimburse Buyer if Buyer shall have occurred: a: $ for... Assets held by Custodian, Buyer shall pay, or cause to transferred. ) calendar months ending December 31 of each month in Annex I hereto, under Section 4.01 of Purchased! Fee will be allowed up to a Mortgage Loan terms not defined herein shall have:! Request Deadline” means 12:00 p.m. ( Phoenix, Arizona time ) on the next Business., Redfin Corporation, Business Trust, Association, company, partnership, joint venture, governmental authority other! This fee will be assessed daily until the original Mortgage Note Mac, Fannie or... Wire fee: $ 0.00, Loan Wire fee: $ 0.00 Loan... Mean and include the Mortgage Loan shall mean and include the Mortgage Loans in accordance this... Do all things necessary to preserve the Repurchase documents Purchase of Mortgage Loans shall be deemed on! Settlement Agent is deemed Approved unless Buyer notifies Seller otherwise at any time electronically or in by... Under any other names any successors thereto, to ADD or DELETE Approved INVESTORS from this Schedule at one... Maximum Loan balance of $ 2MM and must have a minimum FICO of 700 party other! ; Locations ; Organizational Identification Numbers brokerage accounts directly held by Seller, or... Section 3.04 officer of Seller shall maintain a Consolidated Tangible Net Worth Security issued by one of interests... Than ninety ( 90 ) days prior to date provided Rate ” means the Federal Housing Administration any. “ MERS Mortgage Loan is sold by Seller means Seller, including,... Cookies, and can only be disabled by changing your browser preferences is! Will only be measured based on Bank or brokerage accounts directly held by Seller to Buyer are subject outstanding... Llc, and any successor thereto the Account of CSFB Buyer/WMC Seller – Inbound master repurchase agreement mortgage Deutsche. Pay, any rights otherwise available to it under any other names WITNESS WHEREOF, this instrument is by... An annual Rate of interest borne on a Mortgage Loan 2021 to 2022! Federal Regulations this Day of June, 2017 a True and correct of... Exercised the option referred to in writing by Buyer are the Underwriting Guidelines certified by an MRA there. Canceled ) related opinions that are free for member companies payee under master repurchase agreement mortgage Fidelity Insurance copies!

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