Common use of Points and Fees Clause in Contracts

Points and Fees. All points and fees related to each Mortgage Loan were disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation. Except in the case of a Mortgage Loan (a) which has been specifically identified by WMC Mortgage Corp. to the Depositor in writing or (b) has an original principal amount of less than $60,000 which would have resulted in an unprofitable origination, no Mortgagor was charged "points and fees" (whether or not financed) in an amount greater than 5% of the principal amount of such Mortgage Loan, such 5% limitation is calculated in accordance with Fannie Mae's anti-predatory lending requirements as sxx xxxth in the Fannie Mae Guides;

Points and Fees. All points and fees related to each Mortgage Loan were disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation. Except in the case of a Mortgage Loan (a) which has been specifically identified by WMC Mortgage Corp. to the Depositor in writing or (b) has an original principal amount of less than $60,000 which would have resulted in an unprofitable origination, no Mortgagor was charged "points and fees" (whether or not financed) in an amount greater than 5% of the principal amount of such Mortgage Loan, such 5% limitation is calculated in accordance with Fannie Mae's anti-predatory lending requirements as sxx xxxth in set forxx xx the Fannie Mae Guides;

Points and Fees. All points and fees related to each Mortgage Loan were disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation. Except (i) as set forth on the related Mortgage Loan Schedule or (ii) in the case of a Mortgage Loan (a) which has been specifically identified by WMC Mortgage Corp. to the Depositor in writing or (b) has an original principal amount of less than $60,000 which would have resulted in an unprofitable origination, no Mortgagor was charged "points and fees" (whether or not financed) in an amount greater than 5% of the principal amount of such Mortgage Loan, such 5% limitation is calculated in accordance with Fannie Mae's anti-predatory lending requirements as sxx xxxth set forth in the Fannie xxx Xxnnie Mae Guides;

Points and Fees. All points and fees related to each Mortgage Loan were disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation. Except (i) as set forth on the related Mortgage Loan Schedule and (ii) in the case of a Mortgage Loan (a) which has been specifically identified by WMC Mortgage Corp. to the Depositor in writing or (b) has an original principal amount of less than $60,000 which would have resulted in an unprofitable origination, no Mortgagor was charged "points and fees" (whether or not financed) in an amount greater than 5% of the principal amount of such Mortgage Loan, such 5% limitation is calculated in accordance with Fannie Mae's anti-predatory lending requirements as sxx xxxth set forth in the Fannie Mae Fanxxx Xxe Guides;; and

Points and Fees. All points and fees related to each Mortgage Loan were disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation. Except (i) as set forth in the Purchase Agreement and (ii) in the case of a Mortgage Loan (a) which has been specifically identified by WMC Mortgage Corp. to the Depositor in writing or (b) has an original principal amount of less than $60,000 which would have resulted in an unprofitable origination, no Mortgagor was charged "points and fees" (whether or not financed) in an amount greater than 5% of the principal amount of such Mortgage Loan, such 5% limitation is calculated in accordance with Fannie Mae's anti-predatory lending requirements xxxxxxements as sxx xxxth set forth in the Fannie Mae Guides;; and