Mortgage Loan Rate definition

Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

Mortgage Loan Rate. With respect to any Adjustable Rate Mortgage Loan, the per annum rate of interest computed in accordance with the provisions of the related Mortgage Note as the sum of the Index and the Gross Margin, subject to any Minimum Rate, the Maximum Rate or periodic limitation on adjustments to such rate applicable from time to time to the calculation of interest thereon. As to any Fixed Rate Mortgage Loan, the fixed per annum rate of interest applicable to the calculation of interest thereon specified in the related Mortgage Note.

Mortgage Loan Rate. With respect to any Mortgage Loan (including an REO Mortgage Loan) or Serviced Companion Loan (including an REO Serviced Companion Loan), the per annum rate at which interest accrues (or, if and while it is an REO Mortgage Loan or REO Companion Loan, is deemed to accrue) on such Mortgage Loan or Serviced Companion Loan, as the case may be, as stated in the related Note(s) or Co-Lender Agreement, in each case without giving effect to the Default Rate, Excess Interest or the Revised Rate with respect to any Mortgage Loan or any related note(s) held by any Companion Loan Holder, as the case may be.

Examples of Mortgage Loan Rate in a sentence

• Mortgage Loan Rate Lock Commitment, a written or electronically transmitted confirmation issued to a consumer by a mortgage lender for a mortgage loan which, subject to the terms set forth therein, obligates the mortgage lender to make a mortgage loan at a specified interest rate.

• Mortgage Loan Rate Lock Commitment means a written or electronically transmitted confirmation issued to a consumer by a mortgage lender for a mortgage loan which, subject to the terms set forth, obligates the mortgage lender to make a mortgage loan at a specified interest rate.

• The “Fully Funded Annual Debt Service Payment” is equal to the product of (a) the sum of (i) Cut-off Date Future Funding Remaining Balance ($) and (ii) Mortgage Loan Cut-off Date Balance ($), (b) the Fully Funded Mortgage Loan Rate % and (c) a fraction equal to 365/360.

• Fee % of the Mortgage Loan, both as shown on the Final Data File, we recalculated the “Net Mortgage Loan Rate %” of the Mortgage Loan.

• Interest Rate Setting The Servicer has agreed not to set such rate or rates of interest chargeable to Borrowers in respect of the Eligible Mortgage Loans or permit them to remain in effect at any time at such a level as would result in the weighted average of interest rates applicable to the Eligible Mortgage Loans (excluding Defaulted Mortgage Loans), as calculated on the Margin Determination Date, being less than the Minimum Mortgage Loan Rate.

More Definitions of Mortgage Loan Rate

Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A-1 Rate, the Note A-2 Rate, the Note A-3 Rate, the Note A-4 Rate, the Note A-5 Rate, the Note A-6 Rate, the Note A-7 Rate, the Note A-8 Rate, the Note A-9 Rate, the Note A-10 Rate, the Note B-1 Rate, the Note B-2 Rate, the Note B-3 Rate, the Note B-4 Rate, the Note B-5 Rate, the Note B-6 Rate, the Note B-7 Rate, the Note B-8 Rate, the Note B-9 Rate and the Note B-10 Rate.

Mortgage Loan Rate. With respect to any Mortgage Loan (including an REO Mortgage Loan), the per annum rate at which interest accrues on such Mortgage Loan as stated in the related Note or related Non-Serviced Intercreditor Agreement, in each case without giving effect to the Default Rate with respect to any Mortgage Loan or any related note(s) held by any Companion Loan Holder.

Mortgage Loan Rate. With respect to any Mortgage Loan (including an REO Mortgage Loan) or Serviced Companion Loan (including an REO Serviced Companion Loan), the per annum rate at which interest accrues (or, if and while it is an REO Mortgage Loan or REO Companion Loan, is deemed to accrue) on such Mortgage Loan or Serviced Companion Loan, as the case may be, as stated in the related Note(s) or Co-Lender Agreement, in each case without giving effect to the Default Rate with respect to any Mortgage Loan or any related note(s) held by any Companion Loan Holder, as the case may be.

Mortgage Loan Rate means the rate at which interest (other than Default Interest) will be payable on each Note of the Mortgage Loan, which is a fixed per annum rate equal to 3.25000%.

Mortgage Loan Rate. As to any Mortgage Loan, the per annum rate of interest applicable to the calculation of interest thereon.

Mortgage Loan Rate means the applicable interest rate or rates on a Mortgage Loans.

Mortgage Loan Rate. With respect to any Mortgage Loan (including an REO Mortgage Loan) or Companion Loan (including an REO Companion Loan), the per annum rate at which interest accrues (or, if and while it is an REO Mortgage Loan or REO Companion Loan, is deemed to accrue) on such Mortgage Loan or Companion Loan, as the case may be, as stated in the related Note or Co-Lender Agreement, in each case without giving effect to the Default Rate with respect to any Mortgage Loan or any related note(s) held by any Companion Loan Holder, as the case may be.