Group 8 Mortgage Loans definition

Group 8 Mortgage Loans. Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 8 Mortgage Loans.
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Group 8 Mortgage Loans. The pool of Mortgage Loans backing the Group 8 Classes, which pool shall be held in the Base Trust and identified in the Mortgage Asset Schedule.
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Group 8 Mortgage Loans means the Mortgage Loans related to the Group 8 Assets. “Guaranty Agreement” means the Guaranty Agreement, by and between Nationstar Mortgage LLC, as issuer and Xxxxxx Xxx. “Guaranty Fee” means the monthly guaranty fee that a Xxxxxx Mae issuer is required to pay to Xxxxxx Xxx for each HMBS for which such issuer is the issuer of record. “Home Equity Conversion Mortgage” (or “HECM Loan”) means a reverse mortgage loan under FHA’s Home Equity Conversion Mortgage program administered by the FHA. “HECM Policy” means a mortgage insurance policy administered by the FHA with respect to reverse mortgage loans in accordance with the FHA Regulations and other HUD publications relating to HECM Loans, including, without limitation, related handbooks, circulars, notices and mortgagee letters. “HMBS” means a Xxxxxx Mae security backed by HECM loan participations under the umbrella of the Xxxxxx Xxx XX Custom MBS program.
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Examples of Group 8 Mortgage Loans in a sentence

  • The pass-through rate with respect to the Class L-8B Interest and Class L-8Q Interest shall be a per annum rate equal to the weighted average of the Net Mortgage Rates on the Group 8 Mortgage Loans.

  • The pass-through rate with respect to the Class 8-A-M1 Interest shall be a per annum rate equal to the weighted average of the Net Mortgage Rates on the Group 8 Mortgage Loans.

  • With respect to the Group 6 Mortgage Loans and the Group 8 Mortgage Loans, the Depository Accounts and the Custodial Accounts will be maintained by BANA in BANA’s name as subservicer for Client and BANA will have the responsibility for maintaining such accounts in accordance with Applicable Requirements.

  • If the proceeds with respect to the Group 8 Mortgage Loans are not sufficient to pay all of the Group 8 Senior Certificates in full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, then to the Senior Mezzanine Certificates, and then to the Group 8 Senior Certificates on a pro rata basis.

  • In connection with the Group 6, Group 7 and Group 8 Mortgage Loans transferred and assigned hereunder, Xxxxxx Mae may, at its option, elect to repurchase any such loan as to which there shall have occurred (i) a material breach of any representation and warranty made (including, for this purpose, any eligibility requirement) under the Sale and Servicing Agreement and (ii) the failure by any responsible party to take appropriate action with respect thereto pursuant to the Sale and Servicing Agreement.

  • Xxxxxx Xxx shall establish and maintain, as to the Base Trust, accounting records in which proceeds of the Group 6, Group 7 and Group 8 Mortgage Loans and distributions to the related Certificateholders shall be recorded and in which a record of fully prepaid Group 6, Group 7 and Group 8 Mortgage Loans and Liquidated Group 6, Group 7 and Group 8 Mortgage Loans shall be kept.

  • The right of the Servicer to purchase all the Group 6, Group 7 or Group 8 Mortgage Loans pursuant to the immediately preceding paragraph above is conditioned upon the aggregate Stated Principal Balance of the Group 6, Group 7 or Group 8 Mortgage Loans, as applicable, being equal to or less than 5% of the aggregate Stated Principal Balance of the Group 6, Group 7or Group 8 Mortgage Loans, as applicable, as of the Issue Date.

  • Xxxxxx Xxx shall service the Group 6, Group 7 and Group 8 Mortgage Loans and shall have full power and authority to do or cause to be done any and all things in connection therewith as it may deem necessary or appropriate in its sole discretion, in its own name and right, and without disclosure of the existence or terms of this Trust Agreement.

  • Xxxxxx Xxx shall pay all expenses incurred by it hereunder in connection with its servicing activities and shall not be entitled to reimbursement therefor out of proceeds of the Group 6, Group 7 or Group 8 Mortgage Loans.

  • For the avoidance of doubt, Client shall reimburse BANA for all unreimbursed Advances on the Group 1 Mortgage Loans, Group 6 Mortgage Loans and Group 8 Mortgage Loans on or prior to the related Servicing Transfer Date.


More Definitions of Group 8 Mortgage Loans

Group 8 Mortgage Loans means the Mortgage Loans related to the Group 8 Assets.
Sample 1
Group 8 Mortgage Loans. The Mortgage Loans in Loan Group 8.
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Related to Group 8 Mortgage Loans

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of January 30, 2008 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer"), axx XXBC Bank USA, National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and, subject to the prior rights of the Group I-A Certificates (and related Exchangeable Certificates), the Class I-A-PO Component and each Class of Group I-B Certificates bearing a lower numerical designation as specified in the Agreement, any Class I-B-3 Distribution Amount required to be distributed to Holders of the Class I-B-3 Certificates on such Distribution Date, subject to adjustment, in certain events, as specified in the Agreement. The pass-through rate on the Class I-B-3 Certificates applicable to each Distribution Date will be 6.000% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and any Relief Act Shortfall allocated to the Class I-B-3 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Group II Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group II Mortgage Loans.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Group II Mortgage Loan A Mortgage Loan assigned to Loan Group II with a Stated Principal Balance at origination that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac loan limits.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Type 1 Mortgage Loan Any of the Mortgage Loans identified in Exhibit F-1 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, serviced under the WFHM Servicing Agreement and having a Mid-Month Receipt Period with respect to all types of Unscheduled Principal Receipts.

  • Countrywide Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Countrywide is the applicable Seller.

  • Mortgage Loans Such of the mortgage loans transferred and assigned to the Trustee pursuant to the provisions hereof as from time to time are held as a part of the Trust Fund (including any REO Property), the mortgage loans so held being identified in the Mortgage Loan Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.

  • Mortgage Loan Group Either Group I or Group II.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • Premium Mortgage Loan Any Group 1 Premium Mortgage Loan or Group 2 Premium Mortgage Loan.

  • Class P Mortgage Loan Any of the Class I-P, Class II-P or Class III-P Mortgage Loans.