PO Mortgage Loan definition

PO Mortgage Loan. Any Mortgage Loan with a Pass-Through Rate of less than 7.250% per annum.
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PO Mortgage Loan. Each Mortgage Loan in Sub-Pool 2 with a Net Mortgage Rate below 6.50% per annum.
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PO Mortgage Loan. Each Mortgage Loan with a Minimum Net Mortgage Rate below 8.10% per annum.
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Examples of PO Mortgage Loan in a sentence

  • If Realized Losses are on a Class PO Mortgage Loan, the Class PO Percentage of such Realized Losses will be allocated to the Class 2-PO Certificates).

  • If Realized Losses are on a Class PO Mortgage Loan, such Realized Losses will be allocated to the Class PO Certificates in an amount equal to the Class PO Percentage of the Realized Losses and the remainder of the Realized Losses will be allocated on any Distribution Date to the Class AF.

  • If Realized Losses are on a Class PO Mortgage Loan, such Realized Losses will be allocated to the Class PO Certificates in an amount equal to the Class PO Percentage of the Realized Losses and the remainder of the Realized Losses will be allocated on any Distribution Date to the Class AF-1 Certificates, if the Realized Loss is on a Group I-A Mortgage Loan and to the Class AF-2 Certificates, if the Realized Loss is on a Group I-B Mortgage Loan.

  • The Class PO Fraction of Realized Losses relating to any Class PO Mortgage Loan shall be allocated solely to the Class PO Certificates.

  • If Realized Losses are on a Class PO Mortgage Loan, such Realized Losses will be allocated to the Class PO Certificates in an amount equal to the Class PO Percentage of the Realized Losses and the remainder of the Realized Losses will be allocated on any Distribution Date to the Class A-1 Certificates, if the Realized Loss is on a Group I Mortgage Loan and to the Class A-2 Certificates, if the Realized Loss is on a Group II Mortgage Loan.