Pool Stated Principal Balance definition

Pool Stated Principal Balance. As to any Distribution Date, the aggregate of the Stated Principal Balances of the Mortgage Loans for such Distribution Date that were Outstanding Mortgage Loans on the Due Date in the related Due Period.

Pool Stated Principal Balance. The aggregate Stated Principal Balance of the Mortgage Loans.

Pool Stated Principal Balance. As of any date of determination, the aggregate of the Stated Principal Balances of the Outstanding Mortgage Loans.

Examples of Pool Stated Principal Balance in a sentence

• When used with respect to the Mortgage Pool, Stated Principal Balance means the aggregate Stated Principal Balance of all Mortgage Loans in the Mortgage Pool.

• You may feel demotivated, especially during the early days of this phase.

• The right of the Depositor to repurchase all Mortgage Loans pursuant to (a) above is conditioned upon the Pool Stated Principal Balance as of the Final Distribution Date being less than 10% of the Cut-Off Date Pool Principal Balance.

• Pool Stated Principal Balance: As to any Distribution Date, the aggregate of the Stated Principal Balances of the Mortgage Loans for such Distribution Date that were Outstanding Mortgage Loans on the Due Date in the related Due Period.

• Group II Pool Stated Principal Balance: As to any date of determination, the aggregate of the Stated Principal Balances of each Group II Loan that was an Outstanding Mortgage Loan on the Due Date immediately preceding the Due Period preceding such date of determination.

More Definitions of Pool Stated Principal Balance

Pool Stated Principal Balance. As to any Distribution Date, the aggregate of the Stated Principal Balances of each Mortgage Loan. Pool Strip Rate: With respect to each Mortgage Loan, a per annum rate equal to the excess of (a) the Net Mortgage Rate of such Mortgage Loan over (b) the Discount Net Mortgage Rate (but not less than 0.00%) per annum.

Pool Stated Principal Balance. As to any Distribution Date, the aggregate of the Stated Principal Balances of the Mortgage Loans on the last day of the related Due Period which were Outstanding Mortgage Loans on such day.

Pool Stated Principal Balance. The aggregate of the Stated Principal Balances of the Outstanding Mortgage Loans plus the amount on deposit in the Pre-funding Account, exclusive of any investment income included therein.

Pool Stated Principal Balance. As to any Distribution Date, the ----------------------------- aggregate of the Stated Principal Balances of the Mortgage Loans which were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.

Pool Stated Principal Balance. (Non-Ratio Strip Portion): As to any Distribution Date and Loan Group, the sum of the product for each Mortgage Loan of such Loan Group that was an Outstanding Mortgage Loan immediately following the Due Date in the month preceding the month in which such Distribution Date occurs, of the Non-Ratio Strip Percentage of such Mortgage Loan multiplied by its Stated Principal Balance.

Pool Stated Principal Balance. As to any Distribution Date, the sum of (i) the aggregate of the Stated Principal Balances, as of such Distribution Date, of the Mortgage Loans that were Outstanding Mortgage Loans as of such date and (ii) the Pre-Funded Amount as of such Distribution Date. Predatory Lending Law: Section 226.32 of Regulation Z or any similar state or local law (relating to high interest rate credit lending transactions) or any federal, state or local law dealing with "high cost" or "predatory" mortgage lending.

Pool Stated Principal Balance. As to any Distribution Date and an Aggregate Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Aggregate Loan Group that were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date and, as to any other date of determination, the aggregate of the Stated Principal Balances of the Outstanding Mortgage Loans in such Aggregate Loan Group as of such date.