Lender Ability to Bid

If Fannie Mae and the LenderLenderPerson approved by Fannie Mae to sell or service Mortgage Loans. agree to consider a Note Sale as the Course of ActionCourse of ActionFor Non-Performing Mortgage Loans, loss mitigation activities per Part V: Servicing and Asset Management, Chapter 7. for a Non-PerformingNon-PerformingMortgage Loan that is subject to an uncured default. Primary Risk Mortgage LoanPrimary Risk Mortgage LoanMortgage Loan where Fannie Mae bears all losses or where the Lender and Fannie Mae share losses. , the LenderLenderPerson approved by Fannie Mae to sell or service Mortgage Loans. will have the option to participate in the Note Sale bidding process with other potential third-party purchasers after Fannie Mae and the LenderLenderPerson approved by Fannie Mae to sell or service Mortgage Loans. have mutually-agreed upon the Note Sale terms and pricing floor.  The LenderLenderPerson approved by Fannie Mae to sell or service Mortgage Loans. ’s bid will be considered by Fannie Mae on the same basis as any other third-party bids received for the Note Sale.  If the LenderLenderPerson approved by Fannie Mae to sell or service Mortgage Loans. is the successful bidder, the LenderLenderPerson approved by Fannie Mae to sell or service Mortgage Loans. will purchase the Non-Performing Mortgage LoanNon-Performing Mortgage LoanMortgage Loan that is subject to an uncured default. on the same terms as published to all bidders by Fannie Mae or, if utilized, the Note Sale broker.  Any such sale of the Non-Performing Mortgage LoanNon-Performing Mortgage LoanMortgage Loan that is subject to an uncured default. to the LenderLenderPerson approved by Fannie Mae to sell or service Mortgage Loans. shall be without recourse, representation or warranty by Fannie Mae, except as otherwise agreed by Fannie Mae.