Mortgage Coupon definition
Examples of Mortgage Coupon in a sentence
In connection with any such Mortgage assumption, the Administrator shall require that no change be made in the Mortgage Coupon or the remaining term of the Mortgage.
Pool ID ▇▇▇▇▇▇▇ Mac Loan # Trustee Loan # Control # Special Servicing Date Current SPB Maturity Date IO Period Amortization Mortgage Coupon Rate Annual Debt Service Cutoff Date Value Cutoff Date LTV Current Appraised Value Cutoff NOI DSCR Cutoff NCF DSCR Cutoff NCF Debt Yield Cutoff Date Cap Rate Current Est.
The table below contains selected information about the Conversion Formula applicable to the Convertible ARMs contained in this PC Pool: ▇▇▇▇▇▇▇ Mac’s RNY plus 3/8th or ▇▇▇▇▇▇ Mae’s RNY plus 5/8th [Insert appropriate information] The adjustable Mortgage Coupon of each Convertible Mortgage contained in this PC Pool may be converted to a fixed interest rate during a period of time beginning after the first interest rate change date.
The adjustable Mortgage Coupon of each Convertible Mortgage contained in this PC Pool may be converted to a fixed interest rate determined pursuant to a formula equal to ▇▇▇▇▇▇▇ Mac’s required net yield for the purchase of 15-year or 30-year, as applicable, fixed-rate Mortgages, under 60-day, mandatory delivery commitments, plus 0.375%, or ▇▇▇▇▇▇ Mae’s required net yield for the purchase of 15-year or 30-year, as applicable, under 60-day mandatory delivery commitments, plus 0.625%.
In connection with any such Mortgage assumption, ▇▇▇▇▇▇▇ ▇▇▇ requires that no change be made in the Mortgage Coupon or the remaining term of the Mortgage.