Underlying Mortgage Loans definition

Underlying Mortgage Loans. The mortgage loans deposited into the Underlying Trust created by the Underlying Pooling and Servicing Agreement.

Underlying Mortgage Loans. The mortgage loans deposited into the Underlying Trust created by the Underlying Indenture.

Underlying Mortgage Loans. The mortgage loans held by the Underlying Trustee of the Underlying Trust Fund and relating to the Underlying Certificates.

Examples of Underlying Mortgage Loans in a sentence

• The assumed remaining terms to expiration of the interest only periods for those mortgage loans are set forth below.Assumed Characteristics of the Underlying Mortgage Loans Original Term to Remaining Term toRemaining Term to Expiration of Interest The actual remaining terms to maturity, loan ages, interest rates and, if applicable, remaining terms to expiration of interest only period of most of the mortgage loans underlying the Trust MBS will differ from those shown above, perhaps significantly.

• Types of Underlying Mortgage Loans There are differences between the GSE and Ginnie Mae MBS and private-label MBS in the composition of the mortgage loans comprising the collateral for the respective pools.

• The Underlying Trust consists primarily of the Mortgages described under Description of the Underlying Mortgage Loans in the Information Circular.

• For each distribution date, LIBOR will be determined as described under “Description of the Underlying Mortgage Loans — Certain Terms and Conditions of the Underlying Mortgage Loans — Mortgage Interest Rates; Calculations of Interest” in the Information Circular included in the Offering Documents.

• Group 5 MBS Group 1, Group 2, Group 3, Group 4 and Group 5 Characteristics of the MBS Range of WeightedRange of Weighted Average Remaining Approximate Principal Balance Assumed Characteristics of the Underlying Mortgage Loans Original Term toRemaining Term to The actual remaining terms to maturity, loan ages and interest rates of most of the mortgage loans underlying the MBS will differ from those shown above, perhaps significantly.

More Definitions of Underlying Mortgage Loans

Underlying Mortgage Loans. The Loans included in an underlying trust in which a Pooled Security evidences a beneficial ownership interest.

Underlying Mortgage Loans. The Mortgage Loans deposited into the Underlying Trust created by the Underlying Pooling and Servicing Agreement. Underlying Pooling and Servicing Agreement: The Pooling and Servicing Agreement dated as of the Closing Date, by and among Structured Asset Mortgage Investments II Inc., as depositor, Xxxxx Fargo Bank, National Association, as trustee, and EMC Mortgage Corporation, as servicer and sponsor, attached hereto as Exhibit D. Underlying Realized Losses: Any Realized Losses on the related Mortgage Loans allocated to the Underlying Certificates pursuant to the Underlying Pooling and Servicing Agreement.

Underlying Mortgage Loans. The Mortgage Loans deposited into the Underlying Trust created by the Underlying Pooling and Servicing Agreement. Underlying Pooling and Servicing Agreement: The Pooling and Servicing Agreement dated as of October 1, 2006, by and among Structured Asset Mortgage Investments II Inc., as depositor, Wells Fargo Bank, National Association, not in its individual capacity but solely as trustee, and XXX Mortgage Corporation, as servicer, company and sponsor, attached hereto as Exhibit D. Underlying Realized Losses: Any Realized Losses on the related Mortgage Loans allocated to the Underlying Certificates pursuant to the Underlying Pooling and Servicing Agreement.

Underlying Mortgage Loans. The mortgage loans in which a Pooled Certificate evidences a beneficial ownership interest.

Underlying Mortgage Loans. Any Mortgage Loan (i) as to which the bare legal title is owned or acquired by an Underlying Series Trust, (ii) as to which 100% of the economic and beneficial interests in such Mortgage Loan is evidenced by the applicable Series Trust Certificate, and (iii) that is used to calculate the Purchase Price for the related Transaction on the related Purchase Date.

Underlying Mortgage Loans. The mortgage loans in the Underlying Trust Funds that are included in the loan groups directly backing the Underlying Securities.

Underlying Mortgage Loans means the Mortgage Loans acquired/held by Trust Subsidiary.