Code of Massachusetts Regulations
761 CMR - MASSACHUSETTS HOME MORTGAGE FINANCE AGENCY
Title 761 CMR 21.00 - Seller's Guide
DELIVERY OF MORTGAGE LOANS AND PURCHASE OF LOAN PARTICIPATIONS
Section 21.65 - Loan Participation Submissions

Universal Citation: 761 CMR 21.00 MA Code of Regs 21.65

Current through Register 1531, September 27, 2024

For each Loan Participation offered for sale, the Seller shall deliver to MHMFA:

(a) an original executed Loan Participation Certificate;

(b) a photocopy of the mortgage note clearly in dictating the MHMFA Loan Participation as follows: A 90% participation interest in this Note and the Mortgage securing this Note has been sold to the Massachusetts Home Mortgage Finance Agency and pledged by the Massachusetts Home Mortgage Finance Agency to New England Merchants National Bank, as Trustee;

(c) Borrower/Seller Questionnaires;

(d) an original of the acceptance by Tiger's Investors Mortgage Insurance Company of the Mortgage Loan for insurance in the Mortgage Pool Insurance Policy for MHMFA;

(e) originals or copies of such other documents from the Loan File as MHMFA may reasonably require.

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