Discount Net Mortgage Rate. As defined in the Series Supplement.
Discount Net Mortgage Rate. With respect to Loan Group I, 5.50% per annum. With respect to Loan Group II, 4.75% per annum.
Discount Net Mortgage Rate. Not applicable.
Examples of Discount Net Mortgage Rate in a sentence
Discount Mortgage Loan: Any Mortgage Loan having a Net Mortgage Rate (or the initial Net Mortgage Rate) of less than the Discount Net Mortgage Rate per annum and any Mortgage Loan deemed to be a Discount Mortgage Loan pursuant to the definition of Qualified Substitute Mortgage Loan.
Discount Fraction: With respect to each Discount Mortgage Loan, the fraction expressed as a percentage, the numerator of which is the Discount Net Mortgage Rate minus the Net Mortgage Rate (or the initial Net Mortgage Rate with respect to any Discount Mortgage Loans as to which the Mortgage Rate is modified pursuant to 3.07(a)) for such Mortgage Loan and the denominator of which is the Discount Net Mortgage Rate.
More Definitions of Discount Net Mortgage Rate
Discount Net Mortgage Rate. With respect to Loan Group I, 6.00% per annum and, with respect to Loan Group II, 5.50% per annum.
Discount Net Mortgage Rate. [____]% per annum.
Discount Net Mortgage Rate. With respect to Loan Group I, 6.25% per annum. With respect to Loan Group II, 7.00% per annum.
Discount Net Mortgage Rate. With respect to Loan Group I, [___]% per annum. With respect to Loan Group II and Loan Group III, [___]% per annum.