Join partner Jon Ruiss and John Stoner of Stoner Fox Law Group for a live webinar as they examine examine how a warehouse line of credit is documented between a mortgage loan originator and its warehouse lender, the representations and warranties made by the loan originator, and the remedies for breaches. They will review:
- What is a warehouse line of credit, and how is it documented?
- How is the security interest of the buyer/lender documented and perfected under the financing agreement and the custodial agreement?
- What are the standard eligibility criteria and representations and warranties required of the loan seller, and are they negotiable?
- How are mortgage loan repurchase obligations and other remedies triggered and enforced under the financing agreement?
- How is the financing agreement treated in a bankruptcy of the seller/borrower? What about a third-party mortgage sub-servicer?
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