Transfer of Servicing

Transfer of Servicing

A Transfer of Servicing means, except as otherwise agreed in writing by Freddie Mac, a Servicer's assumption of the Servicing Contract Rights as of the Effective Date of Transfer with respect to the specific Mortgages and REO related to the Servicing transfer (which assumption includes any liability associated with any representation, warranty, covenant or agreement of the Seller or any prior Servicer, as set forth in the Purchase Documents, and exclusive of any settlement or release of liability (but only to the extent expressly applicable) of the Seller or any prior Servicer).