Expense Adjusted Mortgage Rate. With respect to any Mortgage Loan (or the related REO Property) as of any date of determination, a per annum rate of interest equal to the then applicable Mortgage Rate for such Mortgage Loan minus the sum of the (i) the Servicing Fee Rate and (ii) the Credit Risk Manager Fee Rate.
Expense Adjusted Mortgage Rate. With respect to any Mortgage Loan or REO Property, the then applicable Mortgage Rate thereon minus the Administration Fee Rate.
Expense Adjusted Mortgage Rate. For any Mortgage Loan, the rate equal to the then applicable Mortgage Rate thereon minus the sum of (i) the Minimum Spread and (ii) the Servicing Fee Rate and (iii) the Indenture Trustee Fee Rate.
Examples of Expense Adjusted Mortgage Rate in a sentence
Expense Adjusted Mortgage Rate.......................................
Weighted Average Expense Adjusted Mortgage Rate......................
Modified Weighted Average Expense Adjusted Mortgage Rate.............
The "Expense Adjusted Mortgage Rate" on any Home Equity Loan is equal to the then applicable home equity loan interest rate thereon, minus the Servicing Fee, which is 0.50% per annum.
The Expense Adjusted Mortgage Rate on any Mortgage Loan is equal to the then applicable Mortgage Rate on the Mortgage Loan minus the Administration Fee Rate.
More Definitions of Expense Adjusted Mortgage Rate
Expense Adjusted Mortgage Rate. With respect to any Mortgage Loan, as of any date of determination, a per annum rate of interest equal to the then applicable Mortgage Rate for such Mortgage Loan minus the Administrative Fee Rate.
Expense Adjusted Mortgage Rate. With respect to any Distribution Date and as to each Mortgage Loan, the per annum rate equal to the Mortgage Rate as of the first day of the related Due Period less the Expense Fee Rate. Expense Fee Rate: As to each Mortgage Loan, a per annum rate equal to the sum of the Servicing Fee Rate and the Master Servicing Fee Rate.
Expense Adjusted Mortgage Rate. With respect to any Mortgage Loan or REO Property, the then applicable Mortgage Rate thereon minus the sum of (i) the Administration Fee Rate, (ii) the Servicing Fee Rate and (iii) the Master Servicing Fee Rate.
Expense Adjusted Mortgage Rate. With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the applicable Mortgage Rate thereon as of the first day of the month preceding the month in which the Distribution Date occurs minus the sum of (i) the Trustee Fee Rate, (ii) the Servicing Fee Rate and (iii) the PMI Insurer Fee Rate, if applicable.
Expense Adjusted Mortgage Rate means, with respect to any Adjustable Rate ------------------------------ Home Equity Contract, the then applicable mortgage rate thereon, minus the Expense Fee Rate. "Expense Fee Rate" means .75%. ----------------
Expense Adjusted Mortgage Rate. With respect to any Mortgage Loan or REO Property, the then applicable Mortgage Rate thereon minus the sum of (i) the per annum rate at which the Servicing Fee is calculated and (ii) the Trustee Fee Rate.
Expense Adjusted Mortgage Rate. With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the applicable Mortgage Rate thereon as of the close of business on the first day of the calendar month preceding the month in which the Payment Date occurs minus the sum of (x) the Indenture Trustee Fee Rate, (y) the Servicing Fee Rate and (z) a rate per annum equal to the product of (i) a fraction, the numerator of which is the Owner Trustee Fee for the related Payment Date and the denominator of which is the aggregate principal balance of the Mortgage Loans as of the first day of the calendar month preceding the month in which the Payment Date occurs and (ii) 12.