The Mortgage Bankers Association (MBA) has adopted a model sale and servicing agreement it anticipates will become the standard form for industry participants to use voluntarily for whole loan purchases and sales that could eventually be securitized. 

The model agreement is part of an MBA initiative to help increase liquidity and efficiency in the non-conforming residential mortgage market.  The agreement provides standard formatting and text for standard practices, reducing the time, effort and cost of legal and due diligence reviews.  The agreement also includes standard formats for transaction-specific terms.

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