Temporary Interest Rate definition

Temporary Interest Rate. Temporary P&I Installment______________ Effective Start Date (MMYY):_____ Current Pass-Through Rate: _______[____]% LPI Date (MMYY):_________________ UPB: $___________________________ Expected End Date (MMYY):________ Actual End Date (MMYY):_______________ Next Scheduled ARM Adjustment Date, if applicable (MMYY): Has additional forbearance been extended? _____ Yes _____ No If so, describe the terms of the agreement, including when it begins and ends. [Attach Request for Military Indulgence (Form 180) if one was obtained. Servicer Name & Address Signed: ______________________________________________________________________ Typed Name and Title:_________________________________________________________ Contact Phone No.:____________________________________________________________ EXHIBIT G-2 REQUEST FOR MILITARY INDULGENCE Request For Military Indulgence ---------------------------------------------------------------------------------------------------------------------- This Form Does Not Affect Your Rights Under The Soldiers' and Sailors' Civil Relief Act ------------------------------------------------------------ --------------------------------------------------------- Loan Number FHA/VA/MI Case Number ------------------------------------------------------------ --------------------------------------------------------- Mortgagor (or Trustee) ---------------------------------------------------------------------------------------------------------------------- Address of Property ---------------------------------------------------------------------------------------------------------------------- and -------------------------------------------------------- ------------------------------------------------------- mortgagors, trustors or present owners, hereinafter referred to as "Mortgagor," make the following statement: 1. Name of Person in Military Service _____________________________ Date of Birth ____________ 2. If the person in Military Service is not the Mortgagor, what is his or her relationship to the Mortgagor?
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Temporary Interest Rate. Temporary P&I Installment________________ Effective Start Date (MMYY): _______ Current Pass-Through Rate: _______[____]% LPI Date (MMYY): ___________________ UPB: $______________________________ Expected End Date (MMYY): __________ Actual End Date (MMYY): _________________ Next Scheduled ARM Adjustment Date, if applicable (MMYY): _______________ Has additional forbearance been extended? _____ Yes _____ No If so, describe the terms of the agreement, including when it begins and ends. [Attach Request for Military Indulgence (Form 180) if one was obtained.] ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Servicer Name & Address ________________________________________________________________________________ Signed: ________________________________________________________________________
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Examples of Temporary Interest Rate in a sentence

  • Temporary Interest Rate Buydowns..........................................................................6-A-63.

  • Temporary Interest Rate Balancing Account (“TIRBA”) 157 Item 13: HH.

  • Temporary Interest Rate Buydowns..........................................................................6-A-73.

  • Continued on next page7.08 Loans Involving Temporary Interest Rate Buydowns,Continued If Borrower’s Income is Expected to Keep Pace with Payment IncreasesThe loan application may be underwritten based on the first year’s payment amount if there are strong indications that the income used to support the application will increase to cover the yearly increases in loan payments.

  • In addition, the interest rates on foreign currency deposits were exempted from the upper limits of the Temporary Interest Rate Adjustment Law and therefore were free interest rates.

  • Change Date March 24, 2011 4155.1 6.A.2.aPurpose of a Temporary Interest Rate BuydownInterest rate buydowns are designed to reduce the borrower’s monthly payment during the early years of the mortgage.

  • VPS may at any time adjust the fees based on the average turnover achieved by the Merchant.

  • Continued on next page7.08 Loans Involving Temporary Interest Rate Buydowns,Continued If it is Unclear Whether Borrower’s Income Can Keep Pace with IncreasesThe loan application must be underwritten based on the full payment amount if there are no strong indications that the income used to support the application can reasonable be expected to keep pace with the increases in loan payments.

  • Change Date May 10, 2009 4155.1 6.A.2.aPurpose of a Temporary Interest Rate BuydownInterest rate buydowns are designed to reduce the borrower’s monthly payment during the early years of the mortgage.At settlement, an escrow account is established.

  • For example, in 1947, the Temporary Interest Rate Law was passed, controlling maximum interest rates for bank deposits.

Related to Temporary Interest Rate

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Unadjusted Reference Interest Rate Replacement means the Reference Interest Rate Replacement excluding the Reference Interest Rate Replacement Adjustment.

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Class A-3 Interest Rate means 1.49% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Cash Interest Rate means the Federal Funds Effective Rate - the rate for that day opposite the caption “Federal Funds (Effective)” as set forth in the weekly statistical release designated as H.15 (519), or any successor publication, published by the Board of Governors of the Federal Reserve System.

  • Class A-1 Interest Rate means 0.75000% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Class A-2a Interest Rate means [●]% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

  • Reference Interest Rate Replacement Adjustment means the first alternative set forth in the order below that can be determined by the Issuer or its designee as of the Reference Interest Rate Replacement Date:

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Conversion to Fixed Interest Rate With respect to each Adjustable Rate Mortgage Loan, the Mortgage Loan is not a Convertible Mortgage Loan;

  • Class C Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Daily Interest Rate means an amount calculated by dividing the interest rate payable to a Lender on a Loan (as set forth in subsection 2.2) as of each calendar day by three hundred sixty (360).

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.

  • Class A-2-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

  • Capped Interest Rate is defined in the Note, if applicable.

  • Contract Interest Rate means the lesser of (a) the highest rate permitted under Requirements of Law or (b) 200 basis points per annum plus the rate per annum equal to the publicly announced prime rate or reference rate for commercial loans to large businesses in effect from time to time quoted by Citibank, N.A. as its “prime rate.” If a Citibank, N.A. prime rate is not available, the applicable prime rate will be the announced prime rate or reference rate for commercial loans in effect from time to time quoted by a bank with $10 billion or more in assets in New York City, N.Y., selected by the Party to whom interest is being paid.

  • Floating Interest Rate means: (a) initially Three-Month Term SOFR (as defined below). (b) Notwithstanding the foregoing clause (i) of this Section 2(b): (i) If the Calculation Agent, determines prior to the relevant Floating Interest Determination Date that a Benchmark Transition Event and its related Benchmark Replacement Date (each of such terms as defined below) have occurred with respect to Three-Month Term SOFR, then the Company shall promptly provide notice of such determination to the Holders and Section 2(c) (Effect of Benchmark Transition Event) will thereafter apply to all determinations, calculations and quotations made or obtained for the purposes of calculating the Floating Interest Rate payable on the Subordinated Notes during a relevant Floating Interest Period. (ii) However, if the Calculation Agent, determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term SOFR, but for any reason the Benchmark Replacement has not been determined as of the relevant Floating Interest Determination Date, the Floating Interest Rate for the applicable Floating Interest Period will be equal to the Floating Interest Rate on the last Floating Interest Determination Date for the Subordinated Notes, as determined by the Calculation Agent (as defined below). (iii) If the then-current Benchmark is Three-Month Term SOFR and any of the foregoing provisions concerning the calculation of the interest rate and the payment of interest during the Floating Interest Period are inconsistent with any of the Three-Month Term SOFR Conventions determined by the Company, then the relevant Three-Month Term SOFR Conventions will apply.

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen

  • Adjusted Net Mortgage Interest Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Interest Rate less the Expense Fee Rate.

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Interest Rate Cap means a Cap.

  • Assumed Interest Rate means the annual yield payable on the last day of the applicable Calculation Period on ten (10) year United States Treasury obligations in amounts approximating the outstanding principal balance of the Loan on the last day of the Calculation Period plus two hundred fifty (250) basis points per annum; provided, however, that the Assumed Interest Rate shall be not less than six percent (6.0%) per annum.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.