Examples of Group II Mortgage Loan in a sentence
Effective with the first monthly payment due on each Group II Mortgage Loan after each related Adjustment Date, the monthly payment amount will be adjusted to an amount that will amortize fully the outstanding principal balance of the related Mortgage Loan over its remaining term, and pay interest at the Mortgage Rate as so adjusted.
This does not prohibit the Chair from presenting a Report as a Discussion Item.
Using an industry standard automated valuation model to calculate the value of the underlying property at the time the Mortgage Loan was originated, FGIC determined that the weighted average LTV ratio for both the 2005-RS9 Group I and Group II Mortgage Loan pools was really 88%.
On each Adjustment Date for each Group II Mortgage Loan, the Mortgage Rate thereon will be adjusted (subject to rounding) to equal the sum of the applicable Index (as defined below) and a fixed percentage amount (the "Gross Margin").
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