Weighted Average Mortgage Rate definition

Weighted Average Mortgage Rate. With respect to any Distribution Date, the weighted average of the Mortgage Rates of the Mortgage Loans (weighted by the Principal Balances of the Mortgage Loans).
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Weighted Average Mortgage Rate. With respect to any Distribution Date, the weighted average of the Mortgage Rates of the Mortgage Loans (weighted by the Principal Balances of the Mortgage Loans). Exhibit A-1 Form of Class A-1 Certificate NOVASTAR MORTGAGE FUNDING TRUST, SERIES 2003-2 HOME EQUITY LOAN ASSET-BACKED CERTIFICATE CLASS A-1 CERTIFICATES Comprised of a Certificate Representing Certain Interests Relating to a Pool of Mortgage Loans The Mortgage Loans are Serviced by NOVASTAR MORTGAGE, INC., as Servicer Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation ("DTC"), to the Trust or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. (This certificate does not represent an interest in, or an obligation of, nor are the underlying Mortgage Loans insured or guaranteed by, NovaStar Mortgage, Inc., NovaStar Mortgage Funding Corporation, NovaStar Financial, Inc., NovaStar Capital, Inc. or any of their subsidiaries and affiliates. This certificate is comprised of a Certificate representing a fractional ownership interest in distributions in certain Accounts created pursuant to the Pooling and Servicing Agreement and certain other rights relating thereto and is payable only from amounts received by the Trustee relating to the Mortgage Loans and other assets held in the Trust Fund.)
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Weighted Average Mortgage Rate. For each Loan Group, the average of the Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance.
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Examples of Weighted Average Mortgage Rate in a sentence

  • Adjustable Rate 0 0.00 Total Closing Mortgage Loan Principal Balance: 588 43,095,812.05 (c) Weighted Average Mortgage Rate: 1.

  • Adjustable Rate 7.997% Total Weighted Average Mortgage Rate 8.924% (d) Weighted Average Net Mortgage Rate: 1.

  • N/A 5% Weighted Average Mortgage Rate............................

  • Adjustable Rate 10.133% Total Weighted Average Mortgage Rate 9.806% (d) Weighted Average Net Mortgage Rate: 1.

  • With respect to each Class of Class AR5 Certificates and each Distribution Date, the Class AR5 Net Weighted Average Mortgage Rate.

  • Adjustable Rate 3 159,897.08 Total Closing Mortgage Loan Principal Balance: 442 30,305,672.28 (c) Weighted Average Mortgage Rate: 1.

  • Adjustable Rate 7.999% Total Weighted Average Mortgage Rate 8.917% (d) Weighted Average Net Mortgage Rate: 1.

  • Press coverage research of sales revealed additional information on the assets or business direction that may have prompted the ownership changes.

  • Adjustable Rate 8.683% Total Weighted Average Mortgage Rate 9.626% (d) Weighted Average Net Mortgage Rate: 1.

  • Adjustable Rate 0 0.00 Total Balloon Mortgage Loans: 316 21,267,036.71 (c) Weighted Average Mortgage Rate: 1.


More Definitions of Weighted Average Mortgage Rate

Weighted Average Mortgage Rate. With respect to any Distribution Date, the weighted average of the Mortgage Rates of the Mortgage Loans (weighted by the Principal Balances of the Mortgage Loans). As to each item described below, the entity indicated as the Responsible Party shall be primarily responsible for reporting the information to the party identified as responsible for preparing the Securities Exchange Act Reports pursuant to Section [ ] of the Pooling and Servicing Agreement. Under Item 1 of Form 10-D: a) items marked “[ ] statement” are required to be included in the periodic reports prepared by the Trustee under Section [ ] of the Pooling and Servicing Agreement, provided by the Trustee based on information received from the Servicer; and b) items marked “Form 10-D report” are required to be in the Form 10-D report but not the [ ] statement, provided by the party indicated. Information under all other Items of Form 10-D is to be included in the Form 10-D report. All such information and any other Items of Form 8-K and Form 10-K set forth in this exhibit shall be sent to the Trustee and the Depositor. 1 Distribution and Pool Performance Information
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Weighted Average Mortgage Rate. At least 7.42% II. First Lien Mortgage Loans 100% III. WALTV of all Group II Mortgage Loans: Less than 82% IV. Weighted Average Margin of all Mortgage Loans: Not less than 6.10% V. Owner occupied Mortgaged Properties: At least 96% VI. Full Documentation At least 70% VII. Single state concentration: Less than 50% VIII. Single-family: At least 71 % IX. Weighted average remaining term: Not to exceed 360 months X. Weighted average FICO score: At least 630 XI. Weighted average debt-to-income ration: Less than 44%
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Weighted Average Mortgage Rate. At least 7.28% II. First Lien Mortgage Loans 100% III. WALTV of all Group I Mortgage Loans: Less than 79% IV. Owner occupied Mortgaged Properties: At least 94% V. Full Documentation At least 78% VI. Single state concentration: Less than 45% VII. Single-family: At least 82% VIII. Weighted average remaining term: Not to exceed 320 months IX. Weighted average FICO score: At least 648 X. Weighted average debt-to-income ration: Less than 42%
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Weighted Average Mortgage Rate. At least 7.42% II. First Lien Mortgage Loans 100% III. WALTV of all Group I Mortgage Loans: Less than 83% IV. Weighted Average Margin of all Mortgage Loans: Not less than 6.10% V. Owner occupied Mortgaged Properties: At least 96% VI. Full Documentation At least 72% VII. Single state concentration: Less than 50% VIII. Single-family: At least 76% IX. Weighted average remaining term: 360 months X. Weighted average FICO score: At least 630 XI. Weighted average debt-to-income ration: Less than 44% EXHIBIT H FORM OF SUBSEQUENT TRANSFER INSTRUMENT Pursuant to this Subsequent Transfer Instrument (the "Instrument"), dated as of ____________ __, 2002, between Accredited Home Lenders, Inc. as Sponsor (the "Sponsor"), and Accredited Home Capital, Inc. (the "Seller"), and pursuant to the Master Sale and Purchase Agreement, dated as of December 29, 2001 (the "Master Sale and Purchase Agreement"), between the Sponsor and the Seller, the Sponsor and the Trust agree to the sale by the Sponsor and the purchase by the Seller of the subsequent Mortgage Loans listed on the attached Mortgage Loan Schedule (the "Subsequent Mortgage Loans") and the related assets. Capitalized terms used and not defined herein have their respective meanings as set forth in the definitions contained in the appendix to the Sale and Servicing Agreement, which definitions are incorporated by reference herein. All other capitalized terms used herein shall have the meanings specified herein.
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Weighted Average Mortgage Rate. For each Loan Group, a per annum rate equal to the average of the Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the end of the Prepayment Period related to the immediately preceding Distribution Date.
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Weighted Average Mortgage Rate. With respect to any Distribution Date, the weighted average of the Mortgage Rates of the Mortgage Loans (weighted by the Principal Balances of the Mortgage Loans as of the first day of the related Due Period (after giving effect to scheduled payments of principal due prior to such date, to the extent received or advanced, and unscheduled collections of principal received prior to such date)). III-A 5.0975% March 2008 III-B 5.0150% March 2008 III-C 5.2550% April 2008 III-D 0.2170% April 2008 III-E 0.2290% April 2008 III-F 0.2350% April 2008 III-G 0.2175% May 2008 III-H 0.2200% May 2008 III-K 0.2290% May 2008 III-L 5.0025% March 2009 III-M 0.3200% April 2009 III-O 0.3290% April 2009 III-Q 0.3175% May 2009 III-S 0.3300% May 2009 July 2006 0.00 August 2006 0.00 September 2006 0.00 October 2006 0.00 November 2006 0.00 December 2006 0.00 January 2007 0.00 February 2007 0.00 March 2007 0.00 April 2007 0.00 May 2007 0.00 June 2007 0.00 July 2007 0.06 August 2007 0.06 September 2007 0.06 October 2007 0.06 November 2007 0.06 December 2007 0.06 January 2008 0.09 February 2008 0.10 March 2008 0.10 April 2008 0.11 May 2008 0.11 June 2008 0.11 July 2008 0.13 August 2008 0.14 September 2008 0.15 October 2008 0.17 November 2008 0.18 December 2008 0.19 January 2009 0.19 February 2009 0.20 March 2009 0.22 April 2009 0.23 May 2009 0.24 June 2009 0.25 July 2009 0.23 August 2009 0.25 September 2009 0.27 October 2009 0.28 November 2009 0.30 December 2009 0.32 January 2010 0.27 February 2010 0.28 March 2010 0.30 April 2010 0.31 May 2010 0.33 June 2010 0.35 July 2010 0.29 August 2010 0.30 September 2010 0.46 October 2010 0.33 November 2010 0.35 December 2010 0.36 January 2011 0.30 February 2011 0.31 March 2011 0.33 April 2011 0.34 May 2011 0.36 June 2011 0.37 July 2011 0.25 August 2011 0.26 September 2011 0.27 October 2011 0.28 November 2011 0.30 December 2011 0.31 January 2012 0.20 February 2012 0.21 March 2012 0.22 April 2012 0.23 May 2012 0.24 June 2012 0.25 July 2012 0.13 August 2012 0.14 September 2012 0.14 October 2012 0.15 November 2012 0.16 December 2012 0.16 January 2013 0.08 February 2013 0.08 March 2013 0.09 April 2013 0.09 May 2013 0.09 June 2013 0.10 July 2013 0.01 August 2013 0.01 September 2013 0.01 October 2013 0.02 November 2013 0.02 December 2013 0.02 January 2014 0.02 February 2014 0.02 March 2014 0.02 April 2014 0.02 May 2014 0.02 June 2014 0.02 July 2014 0.02 August 2014 0.02 September 2014 0.02 October 2014 0.02 November 2014 0.02 December 2014 0.03 January ...
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Related to Weighted Average Mortgage Rate

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).

  • 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 Net Mortgage Interest Rate As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Loan Assets included in the Aggregate Adjusted Borrowing Value, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Loan Asset by (ii) such Eligible Loan Asset's contribution to the Aggregate Adjusted Borrowing Value and dividing (b) such sum by the Aggregate Adjusted Borrowing Value.

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • Weighted Average Interest Rates means, with respect to any Outstanding Notes of a class or tranche of the MBNAseries, or of all of the Outstanding Notes of the MBNAseries, on any date, the weighted average (weighted based on the Outstanding Dollar Principal Amount of the related Notes on such date) of the following rates of interest:

  • Weighted Average means a ratio of the weight of the investment by the financial market participant in an investee company in relation to the enterprise value of the investee company;

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.25%.

  • Weighted Average Yield means, with respect to any Loan on any date of determination, the weighted average yield to maturity, in each case, based on the interest rate applicable to such Loan on such date and giving effect to all upfront or similar fees or original issue discount payable with respect to such Loan.

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.

  • Maximum Mortgage Rate With respect to each Adjustable Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Mortgage Rate thereunder.

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by:

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.

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

  • Mortgage Rate The annual rate of interest borne by a Mortgage Note from time to time.

  • Net Mortgage Rate With respect to any Mortgage Loan (or the related REO Property) as of any date of determination, a per annum rate of interest equal to the then applicable Mortgage Rate for such Mortgage Loan minus the Servicing Fee Rate.

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

  • Maximum Net Mortgage Rate With respect to any adjustable rate Mortgage Loan and any date of determination, the Maximum Mortgage Rate minus the sum of (i) the Subservicing Fee Rate and (ii) the Servicing Fee Rate. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

  • Weighted Average Pass-Through Rate For any Distribution Date, the weighted average of the Pass-Through Rates on the Mortgage Loans as of the second preceding Due Date (after giving effect to the payments due on the Mortgage Loans on that Due Date).

  • Maximum Lifetime Mortgage Rate The maximum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported on the Pink Open Market. If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 12 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Adjusted Net Maximum Mortgage Rate With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the applicable Maximum Mortgage Rate for such Mortgage Loan (or the Mortgage Rate in the case of any Fixed-Rate Mortgage Loan) as of the first day of the month preceding the month in which the related Distribution Date occurs minus the sum of (i) the Trustee Fee Rate and (ii) the Servicing Fee Rate.

  • Modified Net Mortgage Rate As to any Mortgage Loan that is the subject of a Servicing Modification, the Net Mortgage Rate minus the rate per annum by which the Mortgage Rate on such Mortgage Loan was reduced.

  • Discount Net Mortgage Rate As defined in the Series Supplement.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.