Weighted Average Adjusted Net Mortgage Rate. For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).
Weighted Average Adjusted Net Mortgage Rate. For a Mortgage Pool, the average of the Adjusted Net Mortgage Rates of the Mortgage Loans in the related Loan Group, weighted on the basis of the Stated Principal Balances thereof.
Weighted Average Adjusted Net Mortgage Rate. With respect to any Distribution Date, the weighted average of the respective Adjusted Net Mortgage Rates for all the Mortgage Loans and REO Loans, weighted on the basis of the respective Stated Principal Balances of such Mortgage Loans and REO Loans outstanding immediately prior to such Distribution Date.
Examples of Weighted Average Adjusted Net Mortgage Rate in a sentence
M% = the Weighted Average Adjusted Net Mortgage Rate for Group DD for interest to be distributed on the next succeeding Distribution Date.
L% = the Weighted Average Adjusted Net Mortgage Rate for Group CC for interest to be distributed on the next succeeding Distribution Date.
K% = the Weighted Average Adjusted Net Mortgage Rate for Group BB for interest to be distributed on the next succeeding Distribution Date.
Conversely, if a Loan Group corresponding to the Class C Interest that receives such payment has a Weighted Average Adjusted Net Mortgage Rate above the Weighted Average Adjusted Net Mortgage Rate of the Loan Group making the payment, then the payment will be treated by Sub-WAC REMIC as a reimbursement for prior Realized Losses.
If the Loan Group corresponding to the Class C Interest that receives such payment has a Weighted Average Adjusted Net Mortgage Rate below the Weighted Average Adjusted Net Mortgage Rate of the Loan Group making the payment, then the payment will be treated by Sub-WAC REMIC as a Realized Loss.
More Definitions of Weighted Average Adjusted Net Mortgage Rate
Weighted Average Adjusted Net Mortgage Rate. For any Distribution Date and Loan Group, Sub-Loan Group or the Mortgage Pool, as the case may be, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, Sub-Loan Group or the Mortgage Pool, as the case may be, weighted on the basis of its Stated Principal Balance as of the Due Date occurring in the month preceding the month of that Distribution Date (after giving effect to Principal Prepayments in the Prepayment Period related to that prior Due Date).
Weighted Average Adjusted Net Mortgage Rate. With respect to any Distribution Date, the weighted average of the respective Adjusted Net Mortgage Rates for all the Mortgage Loans and related REO Loans (in the case of the FM Component Mortgage Loan, the FM Component Mortgage Loan Senior Component only, in the case of the SM Component Mortgage Loan, the SM Component Mortgage Loan Senior Component only and in the case of the LM Component Mortgage Loan, the LM Component Mortgage Loan Senior Component only), excluding any Companion Loan that may be an REO Loan, weighted on the basis of the respective Stated Principal Balances (excluding (a) with respect to the FM Component Mortgage Loan, the Class Principal Balance of the Class FM Certificates, (b) with respect to the SM Component Mortgage Loan, the Class Principal Balance of the Class SM Certificates and (c) with respect to the LM Component Mortgage Loan, the Class Principal Balances of the Class LM Certificates) of such Mortgage Loans and REO Loans outstanding immediately prior to such Distribution Date.
Weighted Average Adjusted Net Mortgage Rate. With respect to any Distribution Date, the weighted average of the respective Adjusted Net Mortgage Rates for all the Mortgage Loans and related REO Loans (in the case of the CP Component Mortgage Loan, the CP Component Mortgage Loan Senior Component only), weighted on the basis of the respective Stated Principal Balances (excluding with respect to the CP Component Mortgage Loan, the Class Principal Balance of the Class CP Certificates) of such Mortgage Loans and REO Loans outstanding immediately prior to such Distribution Date.
Weighted Average Adjusted Net Mortgage Rate. For any Distribution Date, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date). Weighted Average Initial Adjustment Date: Not applicable. Withdrawal Date: The 18th day of each month, or if such day is not a Business Day, the next preceding Business Day. Yield Supplement Amount: Not applicable.
Weighted Average Adjusted Net Mortgage Rate. With respect to any Distribution Date, the weighted average of the respective Adjusted Net Mortgage Rates for all the Mortgage Loans and REO Loans, weighted on the basis of the respective Stated Principal Balances (less, with respect to each CML, the Class Principal Balance of the Corresponding Class V Certificates) of such Mortgage Loans and REO Loans outstanding immediately prior to such Distribution Date; provided, however, that in the case of the ED Loan, "Mortgage Loan" shall refer to the ED Loan REMIC Regular Interest for purposes of this definition.
Weighted Average Adjusted Net Mortgage Rate. With respect to any Distribution Date, the weighted average of the respective Adjusted Net Mortgage Rates for all the Mortgage Loans and REO Loans, weighted on the basis of the respective Stated Principal Balances (less, (a) with respect to each CML, the Class Principal Balance of the Corresponding Class V Certificates and (b) with respect to the CM Component Mortgage Loan, the Class Principal Balance of the Class CM Certificates) of such Mortgage Loans and REO Loans outstanding immediately prior to such Distribution Date.
Weighted Average Adjusted Net Mortgage Rate. As to any Distribution Date, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan, weighted on the basis of its Stated Principal Balance as of the first day of the related Due Period. With respect to the calculation of the Pass-Through Rate of the Class 1-X IO and Class 2-X IO Components for any Distribution Date, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in the related Calculation Group, weighted on the basis of its Stated Principal Balance as of the first day of the related Due Period.