Premium Rate Mortgage Loans definition

Premium Rate Mortgage Loans. For any Loan Group, the Mortgage Loans in such Loan Group having Net Mortgage Rates in excess of the Required Coupon for such Loan Group.
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Premium Rate Mortgage Loans. With respect to Loan Group 2, the Mortgage Loans having Net Mortgage Rates less than 6.625% per annum but greater than 6.000% per annum. For Loan Group 3 the Mortgage Loans having Net Mortgage Rates greater than 7.000% per annum. With respect to Loan Group 5 the Mortgage Loans having Net Mortgage Rates greater than 6.000% per annum.
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Premium Rate Mortgage Loans. The Subgroup 2 Loans having Pass-Through Rates greater than or equal to 5.000% per annum.
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Examples of Premium Rate Mortgage Loans in a sentence

  • Any Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess Fraud Losses, Extraordinary Losses on Premium Rate Mortgage Loans will be allocated among the Senior Certificates (other than the Class P Certificates) and Subordinate Certificates, on a pro rata basis, as described below.

  • The principal portion of such Realized Losses on the Class P Mortgage Loans will be allocated to the Class P Certificates in an amount equal to the Class P Fraction thereof and the remainder of such Realized Losses on the Class P Mortgage Loans and the entire amount of such Realized Losses on Premium Rate Mortgage Loans will be allocated among the Senior Certificates (other than the Class P Certificates) and Subordinate Certificates, on a pro rata basis, as described below.

  • The Class LTA-I-X Interests are entitled to receive on each Distribution Date a specified portion of the interest payable on the Group I Premium Rate Mortgage Loans.

  • The principal portion of such Realized Losses on the Class P Mortgage Loans will be allocated to the Class P Certificates in an amount equal to the Class P Fraction thereof and the remainder of such Realized Losses on the Class P Mortgage Loans and the entire amount of such Realized Losses on Premium Rate Mortgage Loans 87 will be allocated among the Senior Certificates (other than the Class P Certificates) and Subordinate Certificates, on a pro rata basis, as described below.

  • Specifically, for each Accrual Period, the Class LTA-I-X Interests are entitled to interest accruals on the Group I Premium Rate Mortgage Loans in excess of 6.75% per annum.


More Definitions of Premium Rate Mortgage Loans

Premium Rate Mortgage Loans. The Group I Mortgage Loans having Net Mortgage Rates in excess of 7.50% and the Group II Mortgage Loans having Net Mortgage Rates in excess of 7.00%.
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Premium Rate Mortgage Loans. The Subgroup IV-1 Loans having Pass-Through Rates in excess of 6.500% per annum.
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Premium Rate Mortgage Loans. The Mortgage Loans having Pass-Through Rates greater than or equal to 5.750% per annum. Prepaid Monthly Payment: Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.
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Premium Rate Mortgage Loans. The Mortgage Loans having Net Mortgage Rates in excess of 5.50%.
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Premium Rate Mortgage Loans. For Loan Group 5, Loan Group 9 and Loan Group 12 the Mortgage Loans in such Loan Group having Net Mortgage Rates in excess of the Required Coupon for such Loan Group.
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Premium Rate Mortgage Loans. The Mortgage Loans having Pass-Through Rates in excess of 7.250% per annum.
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Premium Rate Mortgage Loans. With respect to Loan Group I, the Mortgage Loans in Loan Group I having Net Mortgage Rates in excess of 6.50% per annum. With respect to Loan Group II, the Mortgage Loans in Loan Group II having Net Mortgage Rates in excess of 6.25% per annum. With respect to Subgroup III-1, the Mortgage Loans in Subgroup III-1 having Net Mortgage Rates in excess of 7.25%. With respect to Subgroup III-2, the Mortgage Loans in Subgroup III-2 having Net Mortgage Rates in excess of 6.75%. With respect to Loan Group IV, the Mortgage Loans in Loan Group IV having Net Mortgage Rates in excess of 6.50% per annum.
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