Mortgage Loan Rate definition

Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

Mortgage Loan Rate. With respect to any Adjustable Rate Mortgage Loan, the per annum rate of interest computed in accordance with the provisions of the related Mortgage Note as the sum of the Index and the Gross Margin, subject to any Minimum Rate, the Maximum Rate or periodic limitation on adjustments to such rate applicable from time to time to the calculation of interest thereon. As to any Fixed Rate Mortgage Loan, the fixed per annum rate of interest applicable to the calculation of interest thereon specified in the related Mortgage Note.

Mortgage Loan Rate. With respect to any Mortgage Loan (including an REO Mortgage Loan) or Serviced Companion Loan (including an REO Serviced Companion Loan), the per annum rate at which interest accrues (or, if and while it is an REO Mortgage Loan or REO Companion Loan, is deemed to accrue) on such Mortgage Loan or Serviced Companion Loan, as the case may be, as stated in the related Note(s) or Co-Lender Agreement, in each case without giving effect to the Default Rate, Excess Interest or the Revised Rate with respect to any Mortgage Loan or any related note(s) held by any Companion Loan Holder, as the case may be.

Examples of Mortgage Loan Rate in a sentence

• All calculations of interest at the Mortgage Loan Rate that are made in respect of the Principal Balance of a Mortgage Loan, shall be made on a daily basis using a 360-day year of twelve 30-day months.

• The Servicer shall enforce each Adjustable Rate Mortgage Loan and shall timely calculate, record, report and apply all Mortgage Loan Rate adjustments in accordance with the related Mortgage Note.

• In connection with any such agreement, the Mortgage Loan Rate shall not be reduced (but may be increased), the Principal Balance of such Mortgage Loan shall not be changed and the term of such Mortgage Loan will not be extended beyond the existing term of such Mortgage Loan.

• The Servicer's records shall, at all times, reflect then-current Mortgage Loan Rate and Monthly Mortgage Payment and the Servicer shall timely notify the Mortgagor of any changes to the Mortgage Loan Rate and the Monthly Mortgage Payment.

• The Servicer's record shall, at all times, reflect then-current Mortgage Loan Rate and Monthly Mortgage Payment and the Servicer shall timely notify the Mortgagor of any changes to the Mortgage Loan Rate and the Monthly Mortgage Payment.

More Definitions of Mortgage Loan Rate

Mortgage Loan Rate. With respect to any Mortgage Loan (including an REO Mortgage Loan), the per annum rate at which interest accrues on such Mortgage Loan as stated in the related Note or related Non-Serviced Intercreditor Agreement, in each case without giving effect to the Default Rate with respect to any Mortgage Loan or any related note(s) held by any Companion Loan Holder.

Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A-1 Rate, the Note A-2 Rate, the Note A-3 Rate, the Note A-4 Rate, the Note A-5 Rate, the Note A-6 Rate, the Note A-7 Rate, the Note A-8 Rate, the Note A-9 Rate, the Note A-10 Rate, the Note B-1 Rate, the Note B-2 Rate, the Note B-3 Rate, the Note B-4 Rate, the Note B-5 Rate, the Note B-6 Rate, the Note B-7 Rate, the Note B-8 Rate, the Note B-9 Rate and the Note B-10 Rate.

Mortgage Loan Rate means the rate at which interest (other than Default Interest) will be payable on each Note of the Mortgage Loan, which is a fixed per annum rate equal to 3.25000%.

Mortgage Loan Rate. With respect to any Mortgage Loan (including an REO Mortgage Loan) or Serviced Companion Loan (including an REO Serviced Companion Loan), the per annum rate at which interest accrues (or, if and while it is an REO Mortgage Loan or REO Companion Loan, is deemed to accrue) on such Mortgage Loan or Serviced Companion Loan, as the case may be, as stated in the related Note(s) or Co-Lender Agreement, in each case without giving effect to the Default Rate with respect to any Mortgage Loan or any related note(s) held by any Companion Loan Holder, as the case may be.

Mortgage Loan Rate. As to any Mortgage Loan, the per annum rate of interest applicable to the calculation of interest thereon.

Mortgage Loan Rate means the applicable interest rate or rates on a Mortgage Loans.

Mortgage Loan Rate. With respect to any Mortgage Loan (including an REO Mortgage Loan) or Companion Loan (including an REO Companion Loan), the per annum rate at which interest accrues (or, if and while it is an REO Mortgage Loan or REO Companion Loan, is deemed to accrue) on such Mortgage Loan or Companion Loan, as the case may be, as stated in the related Note or Co-Lender Agreement, in each case without giving effect to the Default Rate with respect to any Mortgage Loan or any related note(s) held by any Companion Loan Holder, as the case may be.