Pool Characteristics. The Mortgage Loans in the related Mortgage Loan Package have the characteristics as set forth on Exhibit 2 to the related Assignment and Conveyance.
Pool Characteristics. With respect to each Mortgage Loan Package, the Mortgage Loan characteristics set forth on Exhibit 2 to the related Assignment and Conveyance are true and complete.
Pool Characteristics. With respect to each Mortgage Loan Package, the Mortgage Loan characteristics set forth on the related Mortgage Loan Schedule attached to the related Assignment and Conveyance are true and complete;
Pool Characteristics. The pool characteristics with respect to the Mortgage Loans included in the related Mortgage Loan Package are set forth in the related Acknowledgment and Conveyance Agreement and are true and complete in all material respects as of the related Closing Date;
Pool Characteristics. With respect to the aggregate unpaid principal balance of all of the Mortgage Loans as of the Closing Date, (a) the Mortgage Loans are secured by real property improved by one- to four- family dwellings with original terms of up to [___] years, (b) with respect to each ARM Mortgage Loan the Index shall be as set forth on the Mortgage Loan Schedule, (c) the maximum Mortgage Interest Rate of the Mortgage Loans is [___]%, (d) the minimum Mortgage Interest Rate of the Mortgage Loans is [___]%, (e) the Mortgage Loans have a weighted average remaining term of [___] months, (f) each of the Mortgaged Properties consists of a single parcel of real property of which (i) at least [___]% are attached or detached one family residences, (ii) approximately [___]% are individual condominium units in a condominium project, (iii) approximately [___]% are units in planned unit developments, (iv) approximately [___]% are two-to-four family residential dwellings, (v) not more than [___]% are townhouses and (vi) not more than [___]% are manufactured housing which are permanently affixed to the ground, (g) no more than [___]% of the Mortgage Loans are rate-term refinance mortgage loans, (h) no more than [___]% of the Mortgage Loans are cash out refinance mortgage loans, (i) at least [___]% of the Mortgage Loans are purchase money mortgage loans, (j) the Mortgaged Properties are located as follows (i) approximately [___]% in [___], (ii) approximately [___]% in [___] and (iii) no other state shall contain a percentage which is greater than [___]% and (k) with respect to the ARM Mortgage Loans, the weighted average initial period gross Lifetime Rate Cap shall be [___]% and the weighted average lifetime Mortgage Interest Rate of [___]%. With respect to the aggregate unpaid principal balance of the Mortgage Loans at the time of origination, (a) no more than [___]% of the Mortgaged Properties were investment properties and (b) at least [___]% of the Mortgaged Properties were owner-occupied primary residences. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (a) at least [___]% of the Mortgage Loans shall have full documentation, (b) no more than [___]% of the Mortgage Loans shall have stated income documentation and (c) no more than [___]% of the Mortgage Loans shall have alternate income documentation. The maximum LTV at origination of the Mortgage Loans in Pool 1 was not more than [___]% and the maximum LTV at origination of the Mortgage Loans in Pool 2 ...
Pool Characteristics. The Pool Characteristics of the Mortgage Loans purchased on each Closing Date shall conform to the characteristics described in the Warranty Xxxx of Sale, attached as Exhibit 4 hereto.
Pool Characteristics. With respect to each Mortgage Loan Package, the Mortgage Loan characteristics set forth in the related Acknowledgment and Conveyance are true and complete;
Pool Characteristics. The pool characteristics with respect to the Mortgage Loans included in the related Mortgage Loan Package are set forth in the related Acknowledgment and Conveyance Agreement and are true and complete in all material respects as of the related Closing Date; (hhh) Origination Practices. No error, omission, misrepresentation, negligence, fraud or similar occurrence with respect to a Mortgage Loan has taken place on the part of any person including without limitation the Seller, the Mortgagor, any appraiser, any builder or developer, or any other party involved in the origination of the Mortgage Loan or, in the application of any insurance in relation to such Mortgage Loan; no predatory or deceptive lending practices or deceptive trade practices, including, without limitation, the extension of credit without regard to the ability of the borrower to repay and the extension of credit which has no apparent benefit to the borrower, were employed in the origination of the Mortgage Loan. No Mortgagor was a debtor in any state or federal bankruptcy or insolvency proceeding at any time within twenty-four months prior to the origination of the Mortgage Loan, nor has any Mortgagor had a foreclosure proceeding commenced against such Mortgagor within twenty-four months prior to origination of the Mortgage Loan;
Pool Characteristics. With respect to the aggregate unpaid principal balance of all of the Mortgage Loans as of the Closing Date, (a) the Mortgage Loans have original terms of up to [ ] years and are secured by real property and improved as follows (i) at least [ ]% are attached or detached singe family dwellings, (ii) about [ ]% shall be a condominium project and (iii) approximately [ ]% shall be two-to-four family residences, (b) with respect to each ARM Mortgage Loan the Index shall be as set forth on the Mortgage Loan Schedule, (c) with respect to the aggregate unpaid principal balance of the Mortgage Loans being delivered, (i) at least [ ]% shall be purchase money mortgage loans, (ii) [ ]% shall be cash-out refinance mortgage loans, and (iii) [ ]% were rate and term refinance loans, (d) the Mortgaged Properties are located as follows (i) approximately [ ]% will be in [ ], (ii) about [ ]% will be in [ ], (iii) approximately [ ]% will be in [ ] and (ix) no more than [ ]% of the Mortgaged Properties will be located in any other state. With respect to the aggregate unpaid principal balance of the Mortgage Loans, at the time of origination, (a) at least [ ]% of the Mortgaged Properties were owner-occupied primary residences, (b) not more than [ ]% were investment properties and (c) no more than [ ]% were second home properties. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (a) [ ]% will have no ratio documentation, (b) [ ]% will have stated documentation, (c) [ ]% will have documentation which is lacking income verification documentation, (d) [ ]% will have documentation lacking income and asset verification, (e) [ ]% will have full documentation, (f) [ ]% will have no documentation and (g) [ ]% will have documentation which is lacking asset verification documentation. At origination, the weighted average loan-to-value ratio with respect to the Mortgage Loans being delivered, on the Closing Date, is not greater than [ ]%. With respect to the aggregate unpaid principal balance of the Mortgage Loans being delivered, the weighted average FICO score is at least [ ] and no Mortgagor shall have a FICO score less than [ ]. The Mortgage Loans have the approximate characteristics as set forth in the Purchase Price and Terms Agreement.
Pool Characteristics. As of the Cut-off Date, with respect to -------------------- aggregate outstanding principal balance of all Mortgage Loans, (a) no more than 0.9% are secured by real property improved by two- to four-family dwellings, (b) no more than 4.6% are secured by real property improved by individual condominium units, (c) no more than 18.1% are secured by real property improved by an individual unit in a planned unit development, and (d) at least 76.4% are secured by real property with a detached one-family residence erected thereon. When measured by principal balance as of the Cut- off Date, no more than 2.6% of the Mortgage Loans are secured by Mortgaged Properties located in the same United States postal zip code; the Mortgage Loans have a weighed average remaining term of 326 months. The average principal balance of the Mortgage Loans on the Cut-off Date was $330,542. As of the Cut-off Date, the Mortgage Loans have a weighted average FICO score of 735. As of the Cut-off Date, with respect to the aggregate unpaid principal balance of the Mortgage Loans; (i) no more than 15.1% were originated pursuant to the Seller's reduced documentation program; and (ii) at least 84.9% of the Mortgage Loans were originated under a full documentation program. With respect to the aggregate unpaid balance of the Mortgage Loans as of the Cut-off Date, and the occupancy status of the related Mortgaged Properties at the time of origination, (i) not more than 0.7% of the Mortgaged Properties were owner-occupied second homes; (ii) not more than 0.1% of the Mortgaged Properties were investor properties; and (iii) at least 99.3% of the Mortgaged Properties were owner-occupied primary residences. With respect to the aggregate unpaid principal balance of all the Mortgage Loans as of the Cut-off Date, the Mortgaged Properties are located as follows (i) 93.9% are located in California, with the remaining 6.1% being geographically dispersed.
