Group 3 MBS definition

Group 3 MBS. The MBS identified as such on the Mortgage Security Schedule.

Group 3 MBS. The Trust MBS identified as such in the Xxxxxx Mae Security Schedule. Group 3 Principal Distribution Amount: As to any Distribution Date, the sum of (i) the Group 3 Cash Flow Distribution Amount and (ii) the Group 3 Accrual Amount.

Group 3 MBS. The MBS identified as such on the Mortgage Security Schedule. Group 3 Principal Distribution Amount: As to any Distribution Date, the sum of (i) the Group 3 Accrual Amount and (ii) the Group 3 Cash Flow Distribution Amount. Group 4 Certificates: The Class 29-G, Class 29-H and Class 29-J Certificates.

Examples of Group 3 MBS in a sentence

• In addition, we have assumed that each Mortgage Loan underlying the Group 3 MBS has a remaining interest only period of 120 months.

• The FC Class will bear interest at a rate per annum equal to the Weighted Average Pool Accrual Rate for the Group 3 MBS.

• Group 8 MBS Group 1, Group 2, Group 3, Group 5, Group 6, Group 7 and Group 8 Characteristics of the Trust MBS Range of Weighted Range of Weighed Average Remaining Approximate Principal Balance * As further described in this prospectus supplement, the mortgage loans underlying the Group 3 MBS provide for interest only periods that may range from at least 7 to no more than 10 years following origination.

• In months.● the level of the Six-month CD Rate at all times on and after the next rate change date for the Mortgage Loans underlying the Group 3 MBS is 5.578%;● the Mortgage Loans prepay at the constant percentages of PSA or levels of CPR, as applicable, specified in the related table;● the closing date for the sale of the Certificates is the Settlement Date; and● the first Distribution Date for the Certificates occurs in the month following the Settlement Date.

• The mortgage loans may be converted to fixed-rate loans during certain specified periods.The mortgage loans underlying the Group 2 MBS and Group 3 MBS are generally first-lien, multi- family, fixed-rate loans that generally provide for balloon payments at maturity.Except as described below, the dealers will offer the certificates from time to time in negotiated trans- actions at varying prices.

• See ‘‘The Group 3 MBS and The Related Mortgage Loans—Limitations on Rate Adjustments’’ herein.

• SequentialThe “Group 3 Principal Distribution Amount” is the principal then paid on the Group 3 MBS.

• On the basis of the assumptions described below, the yield to maturity on the IO Class would be 0% if prepayments of the Mortgage Loans underlying the Group 3 MBS were to occur at a constant rate of approximately 24% CPR.

• Group 3 MBS Group 1Exhibit A describes the underlying RCR certificates in Group 1, including certain information about the related mortgage loans.

• These Mortgage Loans have original maturities of up to 15 years in the case of the Group 1 MBS, the Group 3 MBS and Group 4 MBS, and up to 30 years in the case of the Group 2 MBS.For additional information, see “Summary—Group 1, Group 2, Group 3 and Group 4—Charac- teristics of the MBS” and “—Assumed Characteristics of the Underlying Mortgage Loans” in this prospectus supplement and “The Mortgage Pools” and “Yield, Maturity, and Prepayment Consider- ations” in the MBS Prospectus.