Deferred Interest. As to any Distribution Date and with respect to Pooled Securities that are backed directly or indirectly by adjustable-rate mortgage loans that permit negative amortization, the amount, if any, by which the aggregate principal balance of the Pooled Securities is increased during the related Deposit Period as a result of the addition of interest to the principal balances of the underlying negatively amortizing adjustable-rate mortgage loans.
Appears in 8 contracts
Samples: Federal National Mortgage Association, Supers Master Trust Agreement, Federal National Mortgage Association
