Target Rate. The per annum target rate is 6%. Each class other than any ratio-stripped IO or ratio-stripped PO class is a target-rate class.
Appears in 3 contracts
Sources: Pooling and Servicing Agreement (Citicorp Mortgage Securities Inc), Pooling and Servicing Agreement (CMALT (CitiMortgage Alternative Loan Trust), Series 2007-A8), Pooling and Servicing Agreement (CMALT (CitiMortgage Alternative Loan Trust), Series 2006-A2)