Adjustable Rate Mortgage Loan definition

Adjustable Rate Mortgage Loan. A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.
Adjustable Rate Mortgage Loan. Each of the Mortgage Loans identified in the Mortgage Loan Schedule as having a Mortgage Rate that is subject to adjustment.
Adjustable Rate Mortgage Loan. Any Mortgage Loan as to which the related Mortgage Note provides for the adjustment of the Mortgage Rate applicable thereto.

Examples of Adjustable Rate Mortgage Loan in a sentence

With respect to each Adjustable Rate Mortgage Loan, the Servicer shall adjust the Mortgage Interest Rate on the related Interest Rate Adjustment Date in compliance with the requirements of the related Mortgage Note and Applicable Law.


More Definitions of Adjustable Rate Mortgage Loan

Adjustable Rate Mortgage Loan. An adjustable rate Mortgage Loan.
Adjustable Rate Mortgage Loan. A Mortgage Loan which provides for the adjustment of the Mortgage Interest Rate payable in respect thereto.
Adjustable Rate Mortgage Loan. A first lien Mortgage Loan which provides at any period during the life of such loan for the adjustment of the Mortgage Rate payable in respect thereto. The Adjustable Rate Mortgage Loans are identified as such on the Mortgage Loan Schedule.
Adjustable Rate Mortgage Loan. A Mortgage Loan identified in the Mortgage Loan Schedule as having a Mortgage Rate that is adjustable.
Adjustable Rate Mortgage Loan. An adjustable rate Mortgage Loan purchased pursuant to this Agreement.
Adjustable Rate Mortgage Loan. A Mortgage Loan that contains a provision pursuant to which the Mortgage Interest Rate is adjusted periodically.
Adjustable Rate Mortgage Loan. A Mortgage Loan which has a rate at which interest accrues that adjusts based on the Index plus a related Gross Margin, as set forth and subject to the limitations in the related Mortgage Note.