WMC Mortgage Loans definition

WMC Mortgage Loans. Any Mortgage Loans originated or acquired by the Seller pursuant to the WMC Mortgage Loan Purchase Agreement.
WMC Mortgage Loans. The Mortgage Loans identified on the Mortgage Loan Schedule as being purchased from WMC.

Examples of WMC Mortgage Loans in a sentence

  • Except with respect to 1.263% of the WMC Mortgage Loans, as of the related Servicing Transfer Date, all payments required to be made up to the related Closing Date for the Mortgage Loan under the terms of the Mortgage Note, other than payments not yet 30 days delinquent, have been made and credited.

  • Schedule I Mortgage Loan Schedule Schedule II Representations and Warranties of JPMorgan Chase Bank, National Association, as Servicer Schedule III Representations and Warranties of WMC as to the WMC Mortgage Loans Schedule IV Representations and Warranties of WMC as to WMC Schedule V Representations and Warranties of Morgan Stanley Capital I Inc.

  • The representations and warranties with respect to the WMC Mortgage Loans in the WMC Sale Agreement were made by WMC as of June 27, 2005 with respect to approximately 79.14% of the Mortgage Loans.

  • The Seller shall have no obligation or liability with respect to any breach of a representation or warranty made by it with respect to the WMC Mortgage Loans (other than the representations made in Sections 3.01(k) and 3.01(s) above) if the fact, condition or event constituting such breach also constitutes a breach of a representation or warranty made by WMC in the WMC Sale Agreement, without regard to whether WMC fulfills its contractual obligations in respect of such representation or warranty.

  • As of the Servicing Transfer Date for WMC Mortgage Loans sold after September 1, 2005 and as of the Closing Date for all other WMC Mortgage Loans, the Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from txx Mortgagor.

  • Schedule I Mortgage Loan Schedule Schedule II Representations and Warranties of Countrywide, as Servicer Schedule III Representations and Warranties of HomEq, as Servicer Schedule IV Representations and Warranties of NC Capital Corporation, as to the NC Capital Mortgage Loans Schedule V Representations and Warranties as to NC Capital Schedule VI Representations and Warranties of WMC Mortgage Corp, as to the WMC Mortgage Loans Schedule VII Representations and Warranties as to WMC Mortgage Corp.

  • Except with respect to WMC Mortgage Loans representing approximately 1.33% of the aggregate principal balance of the WMC Mortgage Loans, as of the Cut-Off Date all payments required to be made up to the Closing Date for the Mortgage Loan under the terms of the Mortgage Note, other than payments not yet 30 days delinquent, have been made and credited.

  • As of the Servicing Transfer Date for WMC Mortgage Loans sold after September 1, 2005 and as of the Closing Date for all other WMC Mortgage Loans, WMC Mortgage Corp.

  • As of the Servicing Transfer Date for WMC Mortgage Loans sold after September 1, 2005 and as of the Closing Date for all other WMC Mortgage Loans, other than payments due but not yet 30 or more days delinquent, as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp.

  • Except with respect to WMC Mortgage Loans representing approximately 0.42% of the aggregate principal balance of WMC Mortgage Loans as of the Cut-off Date, as of the Servicing Transfer Date for WMC Mortgage Loans sold to Purchaser after September 1, 2005 and as of the Closing Date for all other WMC Mortgage Loans, other than payments due but not yet 30 or more days delinquent, as of the Cut-off Date, and to the knowledge of WMC Mortgage Corp.


More Definitions of WMC Mortgage Loans

WMC Mortgage Loans. The Mortgage Loans purchased by the Purchaser pursuant to the WMC Mortgage Corp. Purchase Agreement for which WMC Mortgage Corp. is identified as Originator in the Mortgage Loan Schedule. WMC Original Sale Date: August 31, 2005.

Related to WMC Mortgage Loans

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

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

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

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

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

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of February 27, 2006 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") anx X.X. Bank National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the Group II-A Distribution Amount for the Class II-A-7 Certificates required to be distributed to Holders of the Class II-A-7 Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. Distributions in reduction of the Principal Balance of certain Classes of Class A Certificates may not commence on the first Distribution Date specified above. Distributions of principal will be allocated among the Classes of Group II-A Certificates in accordance with the provisions of the Agreement. The pass-through rate on the Class II-A-7 Certificates applicable to each Distribution Date will be 5.500% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class II-A-7 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person is entitled to receive payments by wire transfer in immediately available funds in accordance with the Agreement and such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

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

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Countrywide Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Countrywide is the applicable Seller.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • Mortgage Loans Such of the mortgage loans transferred and assigned to the Trustee pursuant to the provisions hereof as from time to time are held as a part of the Trust Fund (including any REO Property), the mortgage loans so held being identified in the Mortgage Loan Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Initial Mortgage Loans The Mortgage Loans included in the Trust as of the Closing Date.

  • Group II Mortgage Loan A Mortgage Loan assigned to Loan Group II with a Stated Principal Balance at origination that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac loan limits.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • REO Mortgage Loan Any Mortgage Loan which is not a Liquidated Loan and as to which the indebtedness evidenced by the related Mortgage Note is discharged and the related Mortgaged Property is held as part of the Trust Estate.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.