Pool 2 Mortgage Loan definition

Pool 2 Mortgage Loan. Any Mortgage Loan in Pool 2.
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Pool 2 Mortgage Loan. A Mortgage in Pool 2 and the related notes or other evidences of indebtedness secured by each such Mortgage conveyed, transferred, sold, assigned to or deposited with the Trustee pursuant to Section 2.01 or Section 2.05, including without limitation, each Pool 2 Mortgage Loan listed on the Mortgage Loan Schedule, as amended from time to time.
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Pool 2 Mortgage Loan. The Mortgage Loans designated on the Mortgage Loan Schedule as Pool 2 Mortgage Loans.
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Examples of Pool 2 Mortgage Loan in a sentence

  • Section 360.100); no Pool 2 Mortgage Loan is a “High-Risk Home Loan” as defined in the Illinois High-Risk Home Loan Act (815 Ill.

  • Pooling REMIC 1 shall issue one uncertificated interest in respect of each Pool 1 and Pool 2 Mortgage Loan held by the Trust on the Closing Date, each of which is hereby designated as a regular interest in Pooling REMIC 1 (the “Pooling REMIC 1 Regular Interests”).

  • The Applicable Fraction for the portion of each such Pool 2 Mortgage Loan allocated to Collateral Group 7 is (I) 1 minus (II) the quotient of (a)(i) 6.500% minus (ii) the related Net Mortgage Rate divided by (b) 0.500%.

  • With respect to any Pool 2 Mortgage Loan, the Certificate Insurer shall be reimbursed from the Purchase Price for any unpaid Reimbursement Amounts due to the Certificate Insurer with respect to such repurchased Mortgage Loan.

  • As of the Cut-Off Date, consists of (a) a portion of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater than 6.00% per annum and less than 6.50% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x (Net Mortgage Rate − 6.00%) and (b) 100% of the principal balance of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater than or equal to 6.50% per annum.

  • Each Pool 1 Mortgage Loan and Pool 2 Mortgage Loan contains a Prepayment Penalty in an amount as specified in the related Mortgage Loan Documents and in the Mortgage Loan Schedule.

  • Each Pool 1 Mortgage Loan and Pool 2 Mortgage Loan contains a Prepayment Penalty in an amount as specified in the related Mortgage Loan Documents and the Mortgage Loan Schedule.

  • The Applicable Fraction for the portion of each such Pool 2 Mortgage Loan allocated to Collateral Group 6 is the quotient of (a)(i) 6.500% minus (ii) the related Net Mortgage Rate divided by (b) 0.500%.

  • Any Pool 2 Mortgage Loan with a Net Mortgage Rate greater than 6.50% per annum.

  • Any Pool 2 Mortgage Loan with a Net ---------------------------- Mortgage Rate greater than 7.250% per annum.


More Definitions of Pool 2 Mortgage Loan

Pool 2 Mortgage Loan. A first lien ARM Mortgage Loan, listed in Exhibit A-2 to the Purchase Agreement.
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Pool 2 Mortgage Loan. A conventional one-to four family residential first lien ARM Mortgage Loan which is a 3/27 Mortgage Loan meaning that, after the initial three year period, the Mortgage Interest Rate payable by the Mortgagor is subject to adjustment semi-annually thereafter in accordance with the related Mortgage Note.
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Pool 2 Mortgage Loan. Any Mortgage Loan in Pool 2. Pool PMI Policy: Not applicable.
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Pool 2 Mortgage Loan means that certain loan in the original principal amount of $__________ being made on the date hereof from Mortgage Lender to the Pool 2 Mortgage Borrowers, pursuant to the terms and conditions of the Pool 2 Loan Agreement.
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Pool 2 Mortgage Loan. A mortgage loan transferred and assigned to the Trustee pursuant to this Agreement and held as a part of the Trust Fund, as identified in the Pool 2 Mortgage Loan Schedule, including a mortgage loan the property securing which has become an REO Property.
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Pool 2 Mortgage Loan. A Mortgage Loan that is identified as such on the Mortgage Loan Schedule and that has an original term to maturity equal to 180 months.
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Related to Pool 2 Mortgage Loan

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • Group II Mortgage Loan A Mortgage Loan assigned to Loan Group II with a Stated Principal Balance at origination that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac loan limits.

  • Type 1 Mortgage Loan Any of the Mortgage Loans identified in Exhibit F-1 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, serviced under the WFHM Servicing Agreement and having a Mid-Month Receipt Period with respect to all types of Unscheduled Principal Receipts.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • ARD Mortgage Loan Any Mortgage Loan that is identified as having an Anticipated Repayment Date and a Revised Rate on the Mortgage Loan Schedule.

  • REO Mortgage Loan Any Mortgage Loan which is not a Liquidated Loan and as to which the indebtedness evidenced by the related Mortgage Note is discharged and the related Mortgaged Property is held as part of the Trust Estate.

  • Class P Mortgage Loan Any of the Class I-P, Class II-P or Class III-P Mortgage Loans.

  • MERS Mortgage Loan Any Mortgage Loan registered with MERS on the MERS System.

  • Balloon Mortgage Loan A Mortgage Loan that provides for the payment of the unamortized principal balance of such Mortgage Loan in a single payment at the maturity of such Mortgage Loan that is substantially greater than the preceding monthly payment.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Premium Mortgage Loan Any Group 1 Premium Mortgage Loan or Group 2 Premium Mortgage Loan.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Jumbo Mortgage Loan Unless defined otherwise in the Transactions Terms Letter, a first lien Mortgage Loan (i) for which the original loan amount is greater than the applicable conventional conforming loan limits set by the Federal Housing Finance Authority in the jurisdiction where the related Mortgaged Property is located and (ii) which meets the transaction requirements set forth on Schedule 1 of the Transactions Terms Letter.

  • Split Mortgage Loan Any Mortgage Loan that is part of a Loan Combination. The only Split Mortgage Loans that are assets of the Trust as of the Closing Date are those that have the respective loan numbers (as set forth on the Mortgage Loan Schedule) listed on the Loan Combination Table under the column heading “Loan No. for related Mortgage Loan.”

  • Group II Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group II Mortgage Loans.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of January 30, 2008 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer"), axx XXBC Bank USA, National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and, subject to the prior rights of the Group I-A Certificates (and related Exchangeable Certificates), the Class I-A-PO Component and each Class of Group I-B Certificates bearing a lower numerical designation as specified in the Agreement, any Class I-B-3 Distribution Amount required to be distributed to Holders of the Class I-B-3 Certificates on such Distribution Date, subject to adjustment, in certain events, as specified in the Agreement. The pass-through rate on the Class I-B-3 Certificates applicable to each Distribution Date will be 6.000% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and any Relief Act Shortfall allocated to the Class I-B-3 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Eligible Mortgage Loan means a Mortgage Loan (including a Wet Funded Loan) with respect to which each of the following statements shall be accurate and complete (and Borrower, by including such Mortgage Loan in any computation of the Borrowing Base, shall be deemed to so represent and warrant to the Lenders as of the date of such computation):