Calculation of interest. Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months;
Appears in 15 contracts
Samples: Master Repurchase Agreement (Homebanc Corp), Master Repurchase Agreement (Homebanc Corp), Master Repurchase Agreement (Homebanc Corp)
Calculation of interest. Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months;.
Appears in 4 contracts
Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (Pennymac Financial Services, Inc.)
Calculation of interest. Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve (12) thirty (30-) day months;.
Appears in 2 contracts
Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (AmeriHome, Inc.)
Calculation of interest. Interest on each Mortgage Loan is the Loans shall be calculated on the basis of a 360-day year consisting that an entire year's interest is earned in 360 days, comprised of twelve 30-day (12) thirty (30)-day months;.
Appears in 1 contract
Calculation of interest. Interest on each Underlying Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve (12) thirty (30-) day months;
Appears in 1 contract
Calculation of interest. Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months, except with respect to FHA Loans, VA Loans and Mortgage Loans originated under CAL-Rural or PERS loan programs, which shall be calculated on the basis of a 365-day year;
Appears in 1 contract
Samples: Master Repurchase Agreement (MortgageIT Holdings, Inc.)
