Lien Position. The Mortgage Loan is secured by a valid first priority lien on the Mortgaged Property under the laws of the state where the related mortgaged property in located; provided, however, that if the Mortgage Loan is a Closed-End Second Lien Mortgage Loan or HELOC Mortgage Loan, it is secured by a valid second lien on the Mortgaged Property.
Lien Position of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average of Date Date Gross Remaining Comb Lien Mortgage Principal Principal Interest Term Original Position Loans Balance ($) Balance Rate (%) (months) LTV ------------------------------------------------------------------------------------------------------------------------------------ 1st Lien 7,750 1,386,885,729 99.29 7.003 352 79.62 2nd Lien 246 9,955,705 0.71 10.438 270 99.49 ------------------------------------------------------------------------------------------------------------------------------------ Total: 7,996 1,396,841,434 100.00 7.028 351 79.76 ------------------------------------------------------------------------------------------------------------------------------------
Lien Position. The Mortgage Loan is secured by a valid, subsisting and enforceable first priority lien on the Mortgaged Property, including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing, under the laws of the state where the related Mortgaged Property is located, subject only to:
Lien Position of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average Weighted of Date Date Gross Remaining Comb Average Lien Mortgage Principal Principal Interest Term Original FICO Position Loans Balance ($) Balance Rate (%) (months) LTV Score ------------------------------------------------------------------------------------------------------------------------------------ 1st Lien 655 164,813,034 100.00 6.522 356 82.25 621 ------------------------------------------------------------------------------------------------------------------------------------ Total: 655 164,813,034 100.00 6.522 356 82.25 621 ------------------------------------------------------------------------------------------------------------------------------------
Lien Position. H-GAC will require a Blanket UCC on a Borrower’s assets and take a subordinate lien position behind the banking partner and/ or government loan program.
Lien Position. The related mortgage is a valid, subsisting and enforceable lien on the related Property (including all buildings and improvements on such Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time prior to the related Funding Date with respect to the foregoing, but excluding any related personal property), which Property is free and clear of all encumbrances and liens having priority over the lien of such Mortgage, except for (i) any liens of a prior lender described in the Title Policy and Underwriting Transmittal, (ii) liens for real estate taxes and special assessments not yet due and payable, (iii) covenants, conditions and restrictions, rights of way, easements and other matters of public record as of the date of recording of such mortgage which do not materially and adversely (1) affect the value of such Property, and (2) interfere with the related mortgagor's use of such Property for the intended purposes therefor, (iv) leases and subleases pertaining to such Property which the Borrower, in accordance with the Borrower's Guidelines, did not require to be subordinated to the lien of such mortgage, and (iv) other matters to which like properties are commonly subject which do not, individually or in the aggregate, materially interfere with the benefits of the security intended to be provided by such Mortgage ("Permitted Exceptions"). Any security agreement, chattel mortgage or equivalent document related to and delivered in connection with the related Pledged Eligible Asset establishes and creates a valid, subsisting and enforceable lien on and a security interest in the property described therein, and the Borrower has full right to sell and assign the same to the Lender.
Lien Position of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average Weighted of Date Date Gross Remaining Combined Average Back Mortgage Principal Principal Interest Term Original FICO DTI Lien Position Loans Balance ($) Balance Rate(%) (months) LTV Score Ratio -------------------------------------------------------------------------------------------------------------------------- 1st Lien 4,729 915,541,447 94.92 7.062 356 81.38 634 42.13 2nd Lien 990 48,999,427 5.08 10.577 216 99.64 660 43.27 -------------------------------------------------------------------------------------------------------------------------- Total: 5,719 964,540,874 100.00 7.240 349 82.31 635 42.19 --------------------------------------------------------------------------------------------------------------------------
Lien Position. (1) The Agency will seek a first or parity lien position on Agency-financed property in all in- stances. The Agency may accept a jun- ior lien position if the Federal Govern- ment’s interests are adequately se- cured.
Lien Position. OF MORTGAGE AGGREGATE POOL BY WEIGHTED WEIGHTED CUT-OFF AGGREGATE AVERAGE WEIGHTED AVERAGE NUMBER DATE CUT-OFF GROSS AVERAGE ORIGINAL WEIGHTED OF PRINCIPAL DATE INTEREST REMAINING COMBINED AVERAGE MORTGAGE BALANCE PRINCIPAL RATE TERM LTV FICO LIEN POSITION LOANS ($) BALANCE (%) (MONTHS) (%) SCORE ----------------------------------------------------------------------------------------------------------------------------------- 1st Lien 2,925 562,596,783 96.25 7.312 355 80.12 628 ----------------------------------------------------------------------------------------------------------------------------------- 2nd Lien 417 21,926,940 3.75 10.555 215 97.30 658 ----------------------------------------------------------------------------------------------------------------------------------- TOTAL: 3,342 584,523,723 100.00 7.434 350 80.76 629 ----------------------------------------------------------------------------------------------------------------------------------- Top
Lien Position of Mortgage Aggregate Pool by Weighted Weighted Cut-off Aggregate Average Weighted Average Non-Zero Number Date Cut-off Gross Average Original Weighted of Principal Date Interest Remaining Combined Average Pct Mortgage Balance Principal Rate Term LTV FICO Full Lien Position Loans ($) Balance (%) (Months) (%) Score Doc ---------------------------------- -------- ----------- --------- -------- --------- -------- -------- ------ 1st Lien 3,682 898,573,037 91.07 6.590 355 80.60 640 45.16 2nd Lien 1,446 88,083,860 8.93 10.030 177 99.30
