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15.2 Acceptable Requirements
Acceptable requirements include:
  • All contractual obligations of a party, including, but not limited to, those contractual obligations contained in the Client Agreement, in any agreement with any insurer or investor, and in the loan...

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-2-Acceptable-Requirements

15.3 Accrual Rate
The rate at which interest is calculated.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-3-Accrual-Rate

15.4 Agency
Any state or federal agency that buys or insures loans including, without limitation, Federal Housing Administration (FHA), Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), Government National...
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Resources > FAQ > CHAPTER-15-GLOSSARY > 14-4-Agency

15.5 Agreement
The Client loan purchase agreement between PHH and the Client regarding the sale of loans to PHH by Client, and all exhibits, schedules and addendums.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-5-Agreement

15.6 Allonge
An attachment to a legal document that is used to insert language or signatures when there is no space for them on the document itself. An allonge is frequently used to add endorsements to the Mortgage Note.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-6-Allonge