Mortgage Loan transaction; any breach of this representation shall be deemed to materially and adversely affect the value of the Mortgage Loan and shall require a repurchase of the affected Mortgage Loan. Washington Federal Bank, National Association. New Servicer Contact Information. ALTA policies must be no earlier than the later of the date of the final disbursement of loan proceeds or the date on which the Security Instrument was recorded. FIFTY DOLLARS, WHICHEVER IS GREATER. Loan servicing income from the capitalized servicing portfolio represents recurring servicing and other ancillary fees earned for servicing mortgage loans owned by investors.
MSRs related to some or all of the loans we subservice on their behalf, which could lead to a termination of our subservicing agreements with respect to such loans and a related decrease in our revenues from subservicing. You will be required to complete a trial period prior to entering into a permanent Loan Modification Agreement. Transfers out of Level Three represent Scratch and Dent loans that were foreclosed upon and loans that have been cured. This investigation could lead to a demand or claim under the False Claims Act, which allows for civil penalties and treble damages substantially in excess of actual losses.
These accounting policies are integral in understanding our financial position and results of operations because we are required to make estimates and assumptions that may affect the value of our assets and liabilities and financial results. Mortgaged Premises superior to the lien of the lender or any subsequent assignee. All loans submitted to Lakeview for purchase must include an income calculation breakdown. Payoff Statements may not be sent to email addresses.
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