Subgroup 2 definition

Subgroup 2. Those certain Mortgage Loans identified as belonging to Subgroup 2 on the Mortgage Loan Schedule.

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Subgroup 2. The group of Mortgage Loans (or portions of Mortgage Loans) comprised of the Subgroup 2 Loans.

Subgroup 2. All of the Mortgage Loans with a Net Mortgage Rate equal to 8.000% per annum plus the Subgroup 2 Fraction of the principal balance of any Mortgage Loan with a Net Mortgage Rate of greater than 5.500% per annum and less than 8.000% per annum.

Examples of Subgroup 2 in a sentence

• The Subgroup 1 Senior Percentage and Subgroup 2 Senior Percentage will be referred to collectively in this prospectus supplement as the “Senior Percentage”.

• Subgroup #2 – For all certified Faculty Members who are placed on subgroup #2 enrollment in the BC&BS of NE (EHA) Health and Dental Insurance Plan will be optional until such time as the faculty member elects coverage in the District sponsored group health insurance plan under Article III.

• Subgroup (2) - regular employees with less than four (4) years of seniority.

• Maximum Loan Rates Percent of Initial Subgroup 2 Number of Cut-Off Date HELOCs by Maximum Loan Rates Initial Balance Cut-Off Date (%) Subgroup 2 Balance HELOCs 14.001% to 15.000% 1 $45,282.85 0.26% 15.001% to 16.000% 1 90,499.65 0.51% 17.001% to 18.000% 76 5,551,525.84 31.49% 18.001% to 19.000% 120 11,939,569.67 67.74% Total 198 $17,626,878.01 100.00% The weighted average Maximum Loan Rate of the Initial Subgroup 2 HELOCs as of the Cut-Off Date is approximately 18.32%.

• Any of Subgroup A-P, Subgroup 1, Subgroup 2 or Subgroup 3, as the case may be.

More Definitions of Subgroup 2

Subgroup 2. As of the Cut-off Date, consists of (a) a portion of each Mortgage Loan with a Net Mortgage Rate greater than 5.50% per annum and equal to or less than 6.00% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x ( Net Mortgage Rate – 5.50% ) and

Subgroup 2. All Loans with a Pass-Through Rate equal to or greater than 5.50% per annum, but less than 6.00% per annum.

Subgroup 2. The Subgroup 2 Fraction of the Stated Principal Balance of any Mortgage Loan with a Net Mortgage Rate greater than 6.000% per annum and less than 7.000% per annum, plus all of the Mortgage Loans with a Net Mortgage Rate greater than or equal to 7.000% per annum.

Subgroup 2. As of the Cut-off Date, consists of (a) the portion of the Principal Balance of each Mortgage Loan with a Net Mortgage Rate greater than 5.50% per annum and less than or equal to 6.00% per annum allocated as follows: Principal Balance x (Net Mortgage Rate - 5.50%/0.50%) plus (b) the portion of the Principal Balance of each Mortgage Loan with a Net Mortgage Rate greater than 6.00% per annum and less than or equal to 6.50% per annum allocated as follows: Principal Balance x (1 - Net Mortgage Rate - 6.00%/0.50%)

Subgroup 2. As of the Cut-off Date, consists of the portion of the Principal Balance of each Group One Mortgage Loan with a Net Mortgage Rate greater than 5.75% per annum and less than or equal to 6.00% per annum allocated as follows: ( Net Mortgage Rate - 5.75% ) Principal Balance x ( ------------------------- ) ( 0.25% ) A portion of the principal balance of each Group One Mortgage Loan with a Net Mortgage Rate greater than or equal to 6.00% per annum and less than 7.00% per annum will be allocated to Subgroup 2 as follows: ( Net Mortgage Rate - 6.00% ) Principal Balance x ( 1 - ------------------------- ) ( 1.00% )

Subgroup 2. As of the Cut-off Date, consists of (a) the portion of the Stated Principal Balance of each Pool 1 Mortgage Loan with a Net Mortgage Rate greater than 4.50% per annum and equal to or less than 5.00% per annum allocated as follows: · portion allocable to Subgroup 2 = Stated Principal Balance X ( Net Mortgage Rate - 4.50% 0.50% ) and (b) the portion of the principal balance of each Pool 1 Mortgage Loan with a Net Mortgage Rate of greater than 5.00% per annum and equal to or less than 7.00% per annum will be allocated as follows: · portion allocable to Subgroup 2 = Stated Principal Balance X ( 1- Net Mortgage Rate - 5.00% 2.00% )

Subgroup 2. Certain Loans with a Pass-Through Rate greater than 5.00% per annum, but less than 5.50% per annum. SUBGROUP 3: Certain Loans with a Pass-Through Rate greater than 5.50% per annum.