Loan Subgroup 2A definition

Loan Subgroup 2A. The subgroup of Adjustable Rate Mortgage Loans identified in the Mortgage Loan Schedule (as may be revised from time to time) as included in Loan Subgroup 2A, including any Mortgage Loans delivered in replacement thereof.
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Loan Subgroup 2A. All Mortgage Loans in Loan Group 2 having an original principal balance less than or equal to $227,150.
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Loan Subgroup 2A. The Subgroup 2A Mortgage Loans.
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Examples of Loan Subgroup 2A in a sentence

  • No less than approximately 82.86% of the Initial Mortgage Loans in Loan Group 1, no less than approximately 82.07% of the Initial Mortgage Loans in the Loan Subgroup 2A and no less than approximately 83.79% of the Initial Mortgage Loans in Loan Subgroup 2B are secured by single family detached dwellings.

  • No more than approximately 1.30% of the Initial Mortgage Loans in Loan Group 1, no more than approximately 1.53% of the Initial Mortgage Loans in the Loan Subgroup 2A and no more than approximately 0.68% of the Initial Mortgage Loans in Loan Subgroup 2B are secured by manufactured housing.

  • No more than approximately 3.72% of the Initial Mortgage Loans in Loan Group 1, no more than approximately 4.35% of the Initial Mortgage Loans in Loan Subgroup 2A and no more than approximately 3.29% of the Initial Mortgage Loans in Loan Subgroup 2B are secured by condominium units.

  • No more than approximately 8.40% of the Initial Mortgage Loans in Loan Group 1, no more than approximately 8.21% of the Initial Mortgage Loans in the Loan Subgroup 2A and approximately 9.73% of the Initial Mortgage Loans in Loan Subgroup 2B are secured by PUDs.

  • The Trustee shall allocate (i) $95,057,779.51 of the Pre-Funded Amount for the purchase of Subsequent Mortgage Loans to be included in Loan Group 1, (ii) $70,219,822.46 of the Pre-Funded Amount for the purchase of Subsequent Mortgage Loans to be included in the Loan Subgroup 2A and (iii) $68,578,203.51of the Pre-Funded Amount for the purchase of Subsequent Mortgage Loans to be included in the Loan Subgroup 2B.


More Definitions of Loan Subgroup 2A

Loan Subgroup 2A. All Mortgage Loans in Loan Group 2 that are not in Loan Subgroup 2B.
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Related to Loan Subgroup 2A

  • Loan Group 2 The Group 2 Mortgage Loans.

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

  • Loan Group 3 The Group 3 Mortgage Loans.

  • Loan Group I The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group I.

  • Loan Group 4 The Group 4 Mortgage Loans.

  • Loan Group 5 The Group 5 Mortgage Loans.

  • Loan Group III The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group III.

  • Loan Group Any of Loan Group 1 or Loan Group 2, as applicable.

  • Loan Group IV The group of Mortgage Loans comprised of the Group IV Loans.

  • Loan Group II The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group II.

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

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Loan Group Cap The Loan Group I Cap or the Loan Group II Cap, as applicable.

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

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Loan Group I Cap With respect to the Group I Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group I Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Related Loan Group For Group 1, Loan Group 1; for Group 2, Loan Group 2; for Group 3, Loan Group 3; and for Group 4, Loan Group 4.

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

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

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

  • Debt Service Reduction Mortgage Loan Any Mortgage Loan that became the subject of a Debt Service Reduction.

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

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

  • Group 2 All of the Group 2 Certificates.

  • Loan Group 1 Principal Distribution Amount With respect to any Distribution Date, that portion, if any, of the Principal Distribution Amount attributable to Loan Group 1.