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
Sources: Master Repurchase Agreement (WMC Finance Co), 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
Sources: 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
Sources: Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (AmeriHome, Inc.)
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
Sources: Master Repurchase Agreement (MortgageIT Holdings, Inc.)