Mortgage Loan Pool definition

Mortgage Loan Pool means the pool of Mortgage Loans, which are the primary assets of the Trust Fund.
Mortgage Loan Pool. A group of Mortgage Loans purchased by Purchaser hereunder and subject to a single Confirmation.

Examples of Mortgage Loan Pool in a sentence

  • The [Trustee] [Custodian] makes no representations as to: (i) the validity, legality, enforceability or genuineness of any such documents contained in each or any of the [Mortgage Loans] [Pool III Mortgage Loans] identified on the Mortgage Loan Schedule, or (ii) the collectability, insurability, effectiveness or suitability of any such [Mortgage Loan] [Pool III Mortgage Loan].

  • No later than 12:00 noon Pennsylvania time on the fourth Business Day preceding each Payment Date, the Servicer shall deliver to the Indenture Trustee a report in computer-readable form containing such information as to each Mortgage Loan and as to each Mortgage Loan Pool as of such Payment Date and such other information as the Indenture Trustee shall reasonably require.

  • No later than 12:00 noon Pennsylvania time on the fourth Business Day preceding each Payment Date, the Servicer shall deliver to the Indenture Trustee a report in computer-readable form containing such information as to each Mortgage Loan and as to the Mortgage Loan Pool as of such Payment Date and such other information as the Indenture Trustee shall reasonably require.

  • On each Payment Date, the Servicer shall be entitled to receive, and the Indenture Trustee shall pay, out of collections on the Mortgage Loans for the Due Period, as servicing compensation for such Due Period, an amount (the "Monthly Servicing Fee") equal to the product of one-twelfth of the Servicing Fee Rate and the aggregate outstanding Principal Balance of the Mortgage Loan Pool as of the beginning of such Due Period.

  • No later than 12:00 noon Pennsylvania time on the fourth Business Day preceding each Distribution Date, the Servicer shall deliver to the Indenture Trustee a report in computer-readable form containing such information as to each Mortgage Loan and as to each Mortgage Loan Pool as of such Distribution Date and such other information as the Indenture Trustee shall reasonably require.


More Definitions of Mortgage Loan Pool

Mortgage Loan Pool. Consists of two groups: GROUP I consists of $68,704,791.31 of fixed mortgage loans secured by first lien, level pay and balloon mortgages on primarily 1 - 4 family properties (the "Group I Mortgage Loans"). GROUP II consists of $138,694,368.51 of adjustable rate mortgage loans secured by first lien, level pay mortgages on primarily 1 - 4 family properties (the "Group II Mortgage Loans").
Mortgage Loan Pool. The pool of Mortgage Loans held by the Trust, which secure the obligations of the Trust with respect to the Class A Notes, as reflected on the Mortgage Loan Schedule.
Mortgage Loan Pool. The pool of Mortgage Loans.
Mortgage Loan Pool. The Mortgage Loans in the aggregate and any REO Properties acquired in respect thereof.
Mortgage Loan Pool. The pool of Mortgage Loans consisting of the Mortgage Loans in Group I and the Mortgage Loans in Group II.
Mortgage Loan Pool. Collectively, the Adjustable Rate Pool and the Fixed Rate Pool, or, if the context requires, either the Adjustable Rate Pool or the Fixed Rate Pool.
Mortgage Loan Pool. A group of specified Mortgage Loans as identified on a Mortgage Loan Schedule which will be the subject of a transaction under the terms described in this Agreement.