|
|
|
|
Document Preview Mortgage Loan Purchase Agreement |
|
|
|
|
|
Click "Add to Cart" button to purchase document. |
|
|
|
|
|
Title: |
Mortgage Loan Purchase Agreement |
|
Entities: |
Barclays Bank plc; Freddie Mac; Luminent Mortgage Trust 2006-6; McGraw-Hill Companies Inc.; Federal National Mortgage Association |
|
Date: |
2006 |
|
Size: |
Preview shows 8KB of 269KB total |
|
Price: |
$51 |
|
ID: |
#2568119 |
|
|
|
|
|
|
|
Start of Preview |
|
BARCLAYS BANK, PLC
Purchaser
MORTGAGEIT, INC.,
Seller
MORTGAGE LOAN PURCHASE AGREEMENT
Dated as of September 1, 2006
Conventional, Fixed and Adjustable Rate
Residential Mortgage Loans
================================================================================
{PAGE}
TABLE OF CONTENTS
Page
----
ARTICLE I
DEFINITIONS
Section 1.01 Defined Terms............................................ 1
ARTICLE II
AGREEMENT TO PURCHASE
Section 2.01 Agreement to Purchase.................................... 14
ARTICLE III
MORTGAGE SCHEDULES
Section 3.01 Preliminary Mortgage Schedule............................ 14
Section 3.02 Delivery of Mortgage Loan Schedule....................... 14
ARTICLE IV
PURCHASE PRICE
Section 4.01 Purchase Price........................................... 14
ARTICLE V
EXAMINATION OF MORTGAGE FILES
Section 5.01 Examination of Mortgage Files............................ 15
ARTICLE VI
CONVEYANCE FROM SELLER TO PURCHASER
Section 6.01 Conveyance of Mortgage Loans............................ 16
Section 6.02 Books and Records........................................ 16
Section 6.03 Delivery of Mortgage Loan Documents...................... 17
Section 6.04 Quality Control Procedures............................... 18
Section 6.05 MERS Designated Loans.................................... 18
-i-
{PAGE}
ARTICLE VII
SERVICING OF THE MORTGAGE LOANS
Section 7.01 Servicing................................................ 18
Section 7.02 Transfer of Servicing.................................... 19
ARTICLE VIII
[RESERVED]
ARTICLE IX
REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE SELLER; REMEDIES FOR BREACH
Section 9.01 Representations and Warranties Regarding the Seller...... 22
Section 9.02 Representations and Warranties Regarding Individual
Mortgage Loans........................................... 25
Section 9.03 Remedies for Breach of Representations and Warranties.... 39
Section 9.04 Repurchase of Mortgage Loans with First Payment
Defaults................................................. 41
Section 9.05 Premium Recapture........................................ 42
ARTICLE X
CLOSING
Section 10.01 Conditions to Closing.................................... 42
ARTICLE XI
CLOSING DOCUMENTS
Section 11.01 Required Closing Documents............................... 43
ARTICLE XII
COSTS
Section 12.01 Costs.................................................... 44
ARTICLE XIII
COOPERATION OF SELLER WITH A RECONSTITUTION
Section 13.01 Reconstitution of Mortgage Loans......................... 44
-ii-
{PAGE}
ARTICLE XIV
THE SELLER
Section 14.01 Additional Indemnification by the Seller; Third Party
Claims................................................... 46
Section 14.02 Merger or Consolidation of the Seller.................... 47
ARTICLE XV
MISCELLANEOUS PROVISIONS
Section 15.01 Financial Statements..................................... 48
Section 15.02 Mandatory Delivery; Grant of Security Interest........... 48
Section 15.03 Notices.................................................. 49
Section 15.04 Severability Clause...................................... 49
Section 15.05 Counterparts............................................. 50
Section 15.06 Governing Law............................................ 50
Section 15.07 Intention of the Parties................................. 50
Section 15.08 Successors and Assigns; Assignment of Purchase
Agreement................................................ 50
Section 15.09 Waivers.................................................. 51
Section 15.10 Exhibits................................................. 51
Section 15.11 General Interpretive Principles.......................... 51
Section 15.12 Reproduction of Documents................................ 51
Section 15.13 Further Agreements....................................... 52
Section 15.14 Recordation of Assignments of Mortgage................... 52
Section 15.15 No Solicitation.......................................... 52
Section 15.16 Waiver of Trial by Jury.................................. 53
Section 15.17 Governing Law Jurisdiction; Consent to Service of
Process................................................... 53
ARTICLE XVI
COMPLIANCE WITH REGULATION AB
Section 16.01 Intent of the Parties; Reasonableness.................... 53
Section 16.02 Additional Representations and Warranties of the Seller.. 54
Section 16.03 Information to Be Provided by the Seller................. 54
Section 16.04 Indemnification; Remedies................................ 57
-iii-
{PAGE}
EXHIBITS
EXHIBIT A CONTENTS OF EACH MORTGAGE FILE
EXHIBIT B INDEMNIFICATION AND CONTRIBUTION AGREEMENT
EXHIBIT C FORM OF SELLER'S OFFICER'S CERTIFICATE
EXHIBIT D FORM OF OPINION OF COUNSEL TO THE SELLER
EXHIBIT E FORM OF SECURITY RELEASE CERTIFICATION
EXHIBIT F FORM OF SECURITY RELEASE CERTIFICATION
EXHIBIT G UNDERWRITING GUIDELINES
EXHIBIT H FORM OF ASSIGNMENT AND CONVEYANCE AGREEMENT
EXHIBIT I FORM OF ASSIGNMENT AND RECOGNITION AGREEMENT
-iv-
{PAGE}
MORTGAGE LOAN PURCHASE AGREEMENT
This MORTGAGE LOAN PURCHASE AGREEMENT (the "Agreement"), dated as of
September 1, 2006, by and between Barclays Bank, PLC, a public limited liability
company, registered in England and Wales under company number 1026167, having an
|
End of Preview |
Home Intelligence Services Subscriptions News About Us