Mortgage Loan Group II definition

Mortgage Loan Group II. Those Mortgage Loans listed on the Mortgage Loan Schedule as being designated to Mortgage Loan Group II.
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Mortgage Loan Group II. The group of Mortgage Loans which is composed of the Group II Mortgage Loans.
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Mortgage Loan Group II means a pool of mortgages held in a trust created pursuant to the Pooling and Servicing Agreement. The Class A-4 Certificates represent undivided ownership interest in the Mortgage Loan Group II pool.
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Examples of Mortgage Loan Group II in a sentence

  • Original Loan-to-Value Ratios for Mortgage Loan Group II Number of Aggregate Principal Percent of Range of Original Loan-to-Value Ratios Mortgage Loans Balance Outstanding Loan Group -------------------------------------- -------------- ------------------- ---------- 50.00% or less.........................

  • Credit Grade Summary for Mortgage Loan Group II Number of Aggregate Principal Percent of CMMC Wholesale/Retail Underwriting Mortgage Loans Balance Outstanding Loan Group ---------------------------------- -------------- ------------------- ---------- AStar.......................................

  • The certificates whose class designation begins with "II" correspond to Mortgage Loan Group II.

  • Current Mortgage Rates for Mortgage Loan Group II Number of Aggregate Principal Percent of Range of Mortgage Rates Mortgage Loans Balance Outstanding Loan Group ----------------------- -------------- ------------------- ---------- 5.500% to 5.999%.........................

  • Product Types for Mortgage Loan Group II Number of Aggregate Principal Percent of Product Type Mortgage Loans Balance Outstanding Loan Group ------------ -------------- ------------------- ---------- 2/28 LIBOR Loan..........................

  • Current Mortgage Rates for Mortgage Loan Group II Number of Aggregate Principal Percent of Range of Mortgage Rates Mortgage Loans Balance Outstanding Loan Group ----------------------- -------------- ------------------- ---------- 5.000% to 5.499%..........................

  • The amounts relating to collections or otherwise with respect to Mortgage Loan Group I are the "Available Funds for Group I" and the amounts relating to collections or otherwise with respect to Mortgage Loan Group II are the "Available Funds for Group II".

  • Third-Party Originators for Mortgage Loan Group II Number of Aggregate Principal Percent of Third-Party Originator Mortgage Loans Balance Outstanding Loan Group ---------------------- -------------- ------------------- ---------- Accredited Home Lenders, Inc.......................

  • Product Types for Mortgage Loan Group II Number of Aggregate Principal Percent of Product Type Mortgage Loans Balance Outstanding Loan Group ------------ --------------- ------------------- ---------- 2/28 LIBOR Loan..........................

  • Centex Home Equity Loan Trust, 1998-4 Pricing Date: TBD Settlement Date: November [24], 1998 Cleanup Call: The Servicer may, at its option, purchase the collateral and, as a result, cause the Certificates to be called at par plus accrued interest after the remaining balances of the loans are less than 10% of Cut-Off Date Principal Balance of all the Mortgage Loans (which includes both Mortgage Loan Group I and Mortgage Loan Group II).

Related to Mortgage Loan Group II

  • Mortgage Loan Group Either Group I or Group II.

  • Group II Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group II 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 February 27, 2006 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") anx X.X. Bank 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 the Group II-A Distribution Amount for the Class II-A-7 Certificates required to be distributed to Holders of the Class II-A-7 Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. Distributions in reduction of the Principal Balance of certain Classes of Class A Certificates may not commence on the first Distribution Date specified above. Distributions of principal will be allocated among the Classes of Group II-A Certificates in accordance with the provisions of the Agreement. The pass-through rate on the Class II-A-7 Certificates applicable to each Distribution Date will be 5.500% 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, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class II-A-7 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 is entitled to receive payments by wire transfer in immediately available funds in accordance with the Agreement and 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 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.

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

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

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

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

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

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

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

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

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

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

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

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

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

  • 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.

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

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

  • 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.

  • 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.

  • Loan Group 5 The Group 5 Mortgage Loans.

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