Examples of Mortgage Pool in a sentence
Substitution of the loans contained in the Mortgage Pool may occur in accordance with the terms described herein.
The resulting adverse economic conditions may affect Borrower's willingness or ability to meet their obligations, resulting in increased defaults in the Mortgage Pool and may ultimately affect the ability of the Issuer to pay interest and repay principal to Noteholders or Certificateholders.
When used with respect to the Mortgage Pool, Stated Principal Balance means the aggregate Stated Principal Balance of all Mortgage Loans in the Mortgage Pool.
Each Certificate represents a pro rata entitlement to receive any residual balance following payment of all senior items in the relevant Priority of Payments by way of deferred consideration for the purchase by the Issuer of the Completion Mortgage Pool.
Each Custodial Agreement shall contain an acknowledgment by the Custodian that all Mortgage Pool Assets, Mortgage Files, and other documents and property held by it at any time are held by it for the benefit of the Trust.