Mortgage Note Rate definition

Mortgage Note Rate means a per annum rate of interest calculated in accordance with the Mortgage Note.

Mortgage Note Rate means, with respect to any Mortgage Loan, the per annum rate of interest in effect and accruing from time to time on the outstanding principal balance of such Mortgage Loan, as set forth in the Mortgage Note evidencing such Mortgage Loan.

Mortgage Note Rate. For a Mortgage Loan, the annual rate per annum at which interest accrues on such Mortgage Loan.

Examples of Mortgage Note Rate in a sentence

• Each Mortgage Loan must have a 30-year term and amortizing, substantially equal monthly payments of principal and interest (in amounts sufficient to amortize the principal amount of the Mortgage Loan over the term thereof) due on the first day of the calendar month the first payment of which shall commence no later than sixty (60) days following Closing, and a fixed interest rate at the Respective Mortgage Note Rate.

• Tracking a Mortgage Note Rate Over TimeIn principle, we could choose a single note rate and follow that note rate over our entire sample period.

• MORTGAGE NOTE RATEThe Mortgage Note Rate for the FIRST Home MBS Program loans will vary based on market conditions.

• The Mortgage Note Rate for the First Home MBS Program loans will vary based on market conditions.

• At the DUS Lender’s option, the Hedge Fee may take the form of (a) a single lump sum payment equal to a percentage of the Construction Advance Loan and payable on or before the initial Advance under the Construction Advance Loan or (b) an ongoing Hedge Fee payable monthly throughout the term of the Permanent Mortgage Loan as a portion of the Permanent Mortgage Note Rate.

More Definitions of Mortgage Note Rate

Mortgage Note Rate means the interest rate stated on each Mortgage Note.

Mortgage Note Rate means, with respect to a Mortgage Loan, the rate of interest payable on a Mortgage Loan set forth in the applicable Program Documents.

Mortgage Note Rate with respect to a Related Mortgage Note, shall have the meaning assigned to such term in such Related Mortgage Note.

Mortgage Note Rate. “Mortgage Pool” “Mortgage Security” “Mortgage-backed Security” “Mortgaged Property” “Mortgagor” “Multifamily Mortgage Loan” “Multifamily Property” Section 1 Section 1 Annex 1, Annex 3 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 “NASD” Section 1 “OTS” Section 1

Mortgage Note Rate. For a mortgage loan, the annual rate per annum at which interest accrues on the mortgage loan. mortgaged property: Any real property subject to a mortgage, or any cooperative apartment in a cooperative housing corporation. mortgagor: The obligor on a mortgage note. multiple-pool series: A series in which the mortgage loans are divided into two or more pools for purposes of allocations and distributions. Each series is either a single-pool series or a multiple-pool series. net liquidation proceeds: For a period, the aggregate amount of liquidation proceeds for a liquidated loan, net of related liquidation expenses not previously recovered. net REO proceeds: For a REO loan, REO proceeds net of any related expenses of the relevant servicer.

Mortgage Note Rate with respect to a Related Mortgage Note, shall be the interest rate payable under such Related Mortgage Note.

Mortgage Note Rate means the coupon rate of interest born by a Mortgage Note as set forth in such Mortgage Note.