Subgroup 2 Loans definition

Subgroup 2 Loans. The following Mortgage Loans or portions thereof:
Subgroup 2 Loans. All of the Mortgage Loans with a Net Mortgage Rate greater than or equal to 6.50% per annum, plus the Subgroup 2 Fraction of the Stated Principal Balance of any Mortgage Loan with a Net Mortgage Rate greater than 5.50% per annum and less than 6.50% per annum.
Subgroup 2 Loans. The Mortgage Loans designated on the Mortgage Loan Schedule as Subgroup 2 Loans.

Examples of Subgroup 2 Loans in a sentence

  • The Consultation Statement provides details of the consultation which the Council has undertaken throughout the preparation of the Core Strategy / Local Development Plan, and demonstrates how the consultation has been considered throughout the plan making process.


More Definitions of Subgroup 2 Loans

Subgroup 2 Loans. The Mortgage Loans with Pass-Through Rates greater than or equal to 7.750% per annum.
Subgroup 2 Loans. The Mortgage Loans designated on the Mortgage Loan Schedule as Subgroup 2 Loans. Subordinate Certificates: The Class B Certificates.
Subgroup 2 Loans. For any Mortgage Loan with a Pass-Through Rate greater than 5.500%, a fraction of the Principal Balance of that Mortgage Loan equal to (a) the Pass-Through Rate of that Mortgage Loan minus 5.500, divided by (b) 2.5.

Related to Subgroup 2 Loans

  • Loan Group 3 The Group 3 Mortgage Loans.

  • Loan Group 2 All Mortgage Loans identified as Loan Group 2 Mortgage Loans on the Mortgage Loan Schedule.

  • Loan Group 1 All Mortgage Loans identified as Loan Group 1 Mortgage Loans on the Mortgage Loan Schedule.

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

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

  • Loan Group I The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group I.

  • Loan Group III The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group III.

  • Loan Group II The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group II.

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Loan Group Any of Loan Group 1 or Loan Group 2, as applicable.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Group 2 Senior Certificates As specified in the Preliminary Statement.

  • Undercollateralized Group As defined in Section 4.03.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Subgroup Either Subgroup 1 or Subgroup 2, as applicable.