Repurchase agreement

INTRODUCTION The North American Free Trade Agreement (NAFTA) came into force on New Year’s Day 1994. The signatory members are the United States, Mexico, and Canada. While the purpose of NAFTA is to promote investment in those regions, the treaty does not confirm if water is a saleable good. The text fails to mention the word “water,” but nor does it expressly prohibit transactions involving the natural resource. This terse dichotomy leads to the following issue. The issue is whether…

courts by the complainant. Substantive law issues addressed in Chapter 20 incorporate the interpretation of the NAFTA itself, domestic measures of a Party that might be conflicting with the Agreement, and national measures that may bring about "nullification or impairment" of advantages emerging under the Agreement (Article 2012). In July 2001, the NAFTA Commission occupied with an imperative bit of judicial interpretation: it contracted the potential extent of Article 1105 by restating the…

Honduras provides protection of intellectual property by the World Trade Organization standards. The government has approved to uphold Agreement on Trade-Related Aspects of Intellectual Property (TRIPS), which means that entities who subscribe treaties to Honduras that are ratified by the National Congress of the Republic shall become part of the domestic legislation of Honduras. The Industrial…

At a youth group, Merge at Grace Church in Hamilton County, mission trips are offered every year to the students. The data below represents the number of students who attended each trip by year (High School STT Participation, 2015). From 2008 until 2010, only the mission trip to Mississippi was offered. Once more trips were added, more students started to go on mission trips in general. From 2010 to 2011, the number of students who went on a mission trip in general jumped from 41 to 105.…

As a freshman in high school I had only been to 3 different states, Michigan included. My family didn’t really have the money to take spring break trips to Florida every year, so I never really traveled all that much. The world was a mystery to me, all I knew was what I learned in school so far, which really wasn’t enough. My sophomore year I took a world history class. This class is what really opened my eyes to everything that I hadn’t seen. The teacher was kind of $famous to the students. She…

Each year, a pilgrimage to the Florida or Alabama gulf coast is a highly anticipated and enjoyed event for my family. In the beginning, it was just my wife and I. Man oh man, these trips were some of the most relaxing times that I can remember. Now, our yearly “beach fest” includes our two children, Kaylee and Garrett. While this is still a wonderful family event, I no longer use the phrase “relaxing”. Elbert Hubbard once said, “No man needs a vacation so much as the man who just had one”.…

Slips and Falls Lewis and Feldman “Slips and Falls” is a legal term that is categorized under Premise Liability. Did you know if you slip, trip, and fall on someone’s property or in a commercial establishment, like a grocery store for example, that the owner is legally responsible for the damages that occur? If you were injured during your accident, you just may have a case. Keep reading to learn what you should do if you are the victim of a slip and fall accident. Determine the Cause Look…

what the employee should be doing to meet compliance procedures, checklists, and program guidelines. The Quality Control process is supervised by an external firm, TENA, and remains independent of loan production and servicing functions. A written agreement is in place that states the roles and responsibilities of each party and is available for review by all appropriate parties and agencies. Services provided by TENA comply with HUD, Fannie Mae, FHLMC, VA, RHS and The Mortgage Company, Inc.…

83(b) election? Restricted Equity vs. Options Restricted equity is typically granted and purchased at a nominal value (often, $0.0001) and the recipient purchases and owns all of the equity up front subject to either restrictions on transfer, a repurchase option, or both. Restricted equity…

The largest asset classes reported by the Licensee as of December 31, 2015 were Mortgage Loans Held for Sale, At Fair Market Value, which made up 31.17% of total assets, and Loans Eligible for Repurchase from GNMA, which made up 22.89% of total assets. The sample file review and the Licensee’s responses to examination inquiries indicated the Licensee does not originate high risk loan products such as payment option ARMs, negative amortization products…