Agency Approvals. Each of PMC and Subservicer is a seller/servicer approved by Fannie Mae and Freddie Mac, an issuer approved by Ginnie Mae and a lender approved by HUD. Each of PMC and Subservicer is in good standing to service mortgages for Fannie Mae, Freddie Mac, Ginnie Mae, HUD and Freddie Mac, as applicable. Neither PMC nor Subservicer has been suspended as a seller/servicer by Fannie Mae, Freddie Mac, Ginnie Mae or HUD on and after the date on which PMC first obtained such approval from Fannie Mae, Ginnie Mae, HUD or Freddie Mac, as applicable. No Borrower Party is, and/or Subservicer is not, under review or investigation outside of due course and does not have knowledge of imminent or future investigation outside of due course, by Fannie Mae, Ginnie Mae, HUD or Freddie Mac on and after the date on which PMC or Subservicer, as applicable, became a Fannie Mae, Ginnie Mae, HUD or Freddie Mac approved seller/servicer or lender, as the context may require.

Agency Approvals. Each Borrower Party, as applicable, shall maintain its status with Fannie Mae as an approved lender and Freddie Mac as an approved seller/servicer, in each case in good standing (“Agency Approvals”). Each Borrower shall cause Subservicer to service all Mortgage Loans in accordance with the applicable Agency Guide. Each Borrower shall maintain, and cause Subservicer to take all necessary action to maintain, as applicable, all of its applicable Agency Approvals at all times during the term of this Agreement and each outstanding Loan.

Agency Approvals. With respect to each Agency Security and to the extent necessary, PMC is an FHA Approved Mortgagee and a VA Approved Lender. PMC is also approved by Fannie Mae as an approved single family lender and Freddie Mac as an approved single family seller/servicer, and, to the extent necessary, approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act. In each such case, PMC is in good standing, with no event having occurred or PMC having any reason whatsoever to believe or suspect will occur, including, without limitation, a change in insurance coverage which would either make PMC unable to comply with the eligibility requirements for maintaining all such applicable approvals or require notification to the relevant Agency. Servicer has adequate financial standing, servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same types as may from time to time constitute Mortgage Loans and in accordance with Accepted Servicing Practices.

Agency Approvals. With respect to each Agency Security and to the extent necessary, PMC is an FHA Approved Mortgagee and a VA Approved Lender. PMC is also approved by Fannie Mae as an approved seller/servicer and Freddie Mac as an approved seller/servicer, and, to the extent necessary, approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act. In each such case, PMC is in good standing, with no event having occurred or PMC having any reason whatsoever to believe or suspect will occur, including, without limitation, a change in insurance coverage which would either make PMC unable to comply with the eligibility requirements for maintaining all such applicable approvals or require notification to the relevant Agency. Servicer has adequate financial standing, servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same types as may from time to time constitute Mortgage Loans and in accordance with Accepted Servicing Practices.

Agency Approvals; Servicing. PMC shall maintain its approval status, if applicable with Fannie Mae and Freddie Mac as an approved single family seller/servicer and with the Secretary of HUD pursuant to sections 203 and 211 of the National Housing Act, and as a VA Approved Lender and an FHA Approved Mortgagee, in each case in good standing (each such approval, an “Agency Approval”). Should PMC, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, or should notification to the relevant Agency or to HUD, FHA or VA be required, PMC shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence, PMC shall take all necessary action to maintain all of its applicable Agency Approvals at all times during the term of this Agreement and each outstanding Transaction.

Agency Approvals; Servicing. PMC shall maintain its status, if applicable, with Fannie Mae and Freddie Mac as an approved seller/servicer, in each case in good standing (each such approval, an “Agency Approval”). Should PMC, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, or should notification to the relevant Agency or to HUD, FHA or VA be required, PMC shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence, PMC shall take all necessary action to maintain all of its applicable Agency Approvals at all times during the term of this Repurchase Agreement and each outstanding Transaction.

Agency. Agent and each Lender hereby agree to the terms and conditions set forth on Addendum 3 attached hereto. Borrower acknowledges and agrees to the terms and conditions set forth on Addendum 3 attached hereto.

Agency. Agent and each Lender hereby agree to the terms and conditions set forth on Addendum 3 attached hereto. Borrower acknowledges and agrees to the terms and conditions set forth on Addendum 3 attached hereto.

Agency. Agent and each Lender hereby agree to the terms and conditions set forth on [Addendum 3] attached hereto. Borrower acknowledges and agrees to the terms and conditions set forth on [Addendum 3] attached hereto.

Agency. Agent and each Lender hereby agree to the terms and conditions set forth on [Addendum 3] attached hereto. Borrower acknowledges and agrees to the terms and conditions set forth on [Addendum 3] attached hereto.