Initial Mortgage Rate definition
Initial Mortgage Rate. As to each Mortgage Loan, the Mortgage Rate in effect prior to the Initial Adjustment Date.
Initial Mortgage Rate. With respect to each Sub-Pool 2 Mortgage Loan, the Mortgage Rate in effect prior to the Initial Adjustment Date.
Initial Mortgage Rate. As to each Mortgage Loan, the Mortgage Rate in effect during the Fixed-Rate Period of such Mortgage Loan.
More Definitions of Initial Mortgage Rate
Initial Mortgage Rate. As to each Mortgage Loan, the Mortgage Rate in effect prior to the Initial Adjustment Date. ISSUER TRUST: CWL 2004-ECC1 Trust INSURANCE PROCEEDS: Proceeds paid in respect of the Mortgage Loans pursuant to any Required Insurance Policy or any other insurance policy covering a Mortgage Loan, to the extent such proceeds are payable to the mortgagee under the Mortgage, the Master Servicer or the trustee under the deed of trust and are not applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the procedures that the Master Servicer would follow in servicing mortgage loans held for its own account, in each case other than any amount included in such Insurance Proceeds in respect of Insured Expenses.
Initial Mortgage Rate. As to each Mortgage Loan, the Mortgage Rate in effect prior to the Initial Adjustment Date. Issuer Trust: CWABS Asset-Backed Certificates Trust 2004-ECC2