Examples of Group 1 MBS in a sentence
Calculated as further described in this prospectus supplement.The trust will own three groups of Fannie Mae MBS.The mortgage loans underlying the Group 1 MBS are generally first-lien, multifamily, adjustable-rate loans that provide for balloon payments at maturity.
Subject to the limitations described in this prospectus supplement.The trust will own two groups of Fannie Mae MBS.The mortgage loans underlying the Group 1 MBS are first-lien, multifamily loans that generally provide for balloon payments at maturity.
Subject to the limitations described in this prospectus supplement.The mortgage loans underlying the Group 1 MBS are first lien, multifamily loans that generally provide for balloon payments at maturity.
Mortgage Loans Backing Trust Assets Specified BelowOriginal and Remaining Terms to Maturity Interest Rates Group 1 MBS 240 months 6.00%Group 2 MBS 360 months* 8.00%* In addition, we have assumed that each Mortgage Loan backing the Group 2 MBS has a remaining interest only period of 120 months.
The Class X coupon will be equal to the positive difference between the weighted average Group 1 MBS Pass-through Rate for such distribution date less the Class A1 coupon for such distribution date.
Accretion Directed/PAC Group and Accrual Class⎫⎬⎫⎬⎭⎭Accretion Directed Class and Accrual Class ⎬ PAC Group⎬ Support Class⎬ PAC GroupThe “ZL Accrual Amount” is any interest then accrued and added to the principal balance of the ZL Class.The “LZ Accrual Amount” is any interest then accrued and added to the principal balance of the LZ Class.The “Group 1 Cash Flow Distribution Amount” is the principal then paid on the Group 1 MBS.
Because the mortgage loans underlying the Group 1 MBS have loan-to-value ratios in excess of 125%, the Group 1 Classes are not eligible assets for a REMIC.
Accretion Directed/PAC⎬⎭ Class and⎫Accrual Class ⎬ PAC Class⎬ Support Class⎬ PAC ClassThe “Z Accrual Amount” is any interest then accrued and added to the principal balance of the Z Class.The “Group 1 Cash Flow Distribution Amount” is the principal then paid on the Group 1 MBS.
For each Distribution Date, the X3 Class will bear interest during the related interest accrual period at an annual rate equal to the excess of (x) the weighted average Group 1 MBS Pass-Through Rate over (y) the Class A3 coupon.
The small group involved in determining MI allocation of the dialer included: Rosenthal; Richard Bradfield (Bradfield), the head of Secondary Marketing and Rosenthal’s boss; and Terry Edwards (Edwards), PHH’s president and CEO at the time.