Department Servicing Legal rights means Servicing Rights of Borrower with respect to Mortgage Financings that are subject to an Agency MBS or are owned by or administered by an Agency.
Default means an event, condition or default that, with the giving of notice, the passage of time, or both, would constitute an Event of Default.
Ginnie Mae Repair Liberties means Servicing Rights of Borrower with respect to Mortgage Loans that are subject to a mortgage-backed security guaranteed by Ginnie Mae or are owned by or administered by Ginnie Mae.
Market price means, with respect to any Asset as of any date of determination, and without duplication, the fair market value of such Asset on such date as reasonably determined by Lender (or an Affiliate thereof). Continue reading