Non-Discount Mortgage Loan definition

Non-Discount Mortgage Loan. Any Mortgage Loan with an Adjusted Net Mortgage Rate that is greater than or equal to the Required Coupon.
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Non-Discount Mortgage Loan. A Mortgage Loan that is not a Discount Mortgage Loan.
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Non-Discount Mortgage Loan. Any Mortgage Loan with an Adjusted Net Mortgage Rate that is equal to or greater than 6.25% per annum.
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Examples of Non-Discount Mortgage Loan in a sentence

  • In the case of a Non-Discount Mortgage Loan, the Scheduled Principal Balance of such Mortgage Loan and, in the case of a Discount Mortgage Loan, the product of (i) the Scheduled Principal Balance of such Mortgage Loan and (ii) the Non-PO Percentage for such Mortgage Loan.

  • Non-Discount Mortgage Loan: A Mortgage Loan that is not a Discount Mortgage Loan.

  • With respect to the Class IO Certificates and any Distribution Date, a rate equal to the weighted average of the Pool Strip Rate of each Non-Discount Mortgage Loan weighted on the basis of the respective Stated Principal Balances of such Mortgage Loans as of the day immediately preceding such Distribution Date (or, with respect to the initial Distribution Date, at the close of business on the Cut-off Date).


More Definitions of Non-Discount Mortgage Loan

Non-Discount Mortgage Loan. The mortgage loans other than the Discount Mortgage Loans.
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Non-Discount Mortgage Loan. Any Mortgage Loan in Pool I with an Adjusted Net Mortgage Rate that is equal to or greater than 5.50% per annum and any Mortgage Loan in Pool II with an Adjusted Net Mortgage Rate that is equal to or greater than 5.00% per annum.
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Non-Discount Mortgage Loan. Not applicable.
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Non-Discount Mortgage Loan. With respect to Pool 2, any Mortgage Loan with an Initial Net Mortgage Rate equal to or greater than 9.00% per annum, and with respect to Pool 3, any Mortgage Loan with an initial Net Mortgage Rate equal to or greater than 7.00% per annum.
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Non-Discount Mortgage Loan. With respect to Loan Group II, any Mortgage Loan with a Net Mortgage Rate greater than or equal to 5.315% per annum.
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Non-Discount Mortgage Loan. Any Mortgage Loan with an Adjusted -------------------------- Net Mortgage Rate that is greater than or equal to the Required Coupon.
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Non-Discount Mortgage Loan. Any Mortgage Loan in Collateral Allocation Group 1 or Collateral Allocation Group 4 with an Net Mortgage Rate that is greater than or equal to the Required Coupon for that Collateral Allocation Group. For the avoidance of doubt, all of the Mortgage Loans in Collateral Allocation Group 2, Collateral Allocation Group 3 and Collateral Allocation Group 5 are Non-Discount Mortgage Loans.
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