Negative Amortization. To the extent any Mortgage Loan provides for negative amortization, such as a GPM or GPARM Loan, the Servicer must assure that the Unpaid Principal Balance of such Mortgage Loan never exceeds the related Maximum Negative Amortization Amount, and that the related Monthly Payment is recast as provided for in the Mortgage Note such that the balance fully amortizes within the remaining term of such Mortgage Loan.
Appears in 76 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-9 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-Ar9 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar16 Trust)
