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.
I, I-17 (defining Non-Discount Mortgage Loan as “any Mortgage Loan in a Loan Group with an Adjusted Net Mortgage Rate that is greater than or equal to the Required Coupon for such Loan Group”), with PSA, art.
Under Silian’s interpretation, however, this conclusion flows naturally from the plain meaning of Non-Discount Mortgage Loan, which is based on a static Adjusted Net Mortgage Rate derived from the Original Rate.
One is to use a set of low-level features under a bag-of-frames ap- proach.
With respect to each Non-Discount Mortgage Loan which is a Group I Mortgage Loan and any Payment Date, the Class FXS Pool Strip Rate is equal to the then-applicable Net Mortgage Rate thereon minus 7.25% per annum, and with respect to each Group I Discount Mortgage Loan and any Payment Date, the Class FXS Pool Strip Rate is equal to zero.