Base Servicing Fee Rate definition

Base Servicing Fee Rate. With respect to the Mortgage Loans (other than GNMA Mortgage Loans), 0.06% per annum and with respect to GNMA Mortgage Loans, 0.12% per annum.

Base Servicing Fee Rate means (i) with respect to any Mortgage Loan serviced for Xxxxxx Xxx pursuant to the applicable Servicing Contract, unless otherwise adjusted pursuant to and in accordance with Section 2.22, [***] per annum, (ii) with respect to any Mortgage Loan serviced for Xxxxxxx Mac pursuant to the applicable Servicing Contract, unless otherwise adjusted pursuant to and in accordance with Section 2.22, [***] per annum, and (iii) with respect to any Mortgage Loan serviced for Xxxxxx Xxx pursuant to the applicable Servicing Contract, unless otherwise adjusted pursuant to and in accordance with Section 2.22, [***] per annum.

Base Servicing Fee Rate. As to any Mortgage Loan, the per annum rate identified as such for such Mortgage Loan and set forth in the Mortgage Loan Schedule. BBA: The British Bankers' Association.

Examples of Base Servicing Fee Rate in a sentence

• Such notice from the Borrower shall include a request to increase the Base Servicing Fee Rate.

• The Base Servicing Fee Rate shall be adjusted to address the necessary additional costs required to comply with such notice from the applicable Agency.

• The Base Servicing Fee Rate shall become effective on the next Monthly Payment Date, but no less than thirty (30) days after delivery of such notice from Borrower to the Administrative Agent and no more than sixty (60) days from the date of delivery of such notice from such Agency.

• As to each Mortgage Loan, the Servicing Fee shall be payable monthly from payments of interest on such Mortgage Loan prior to the deposit of such payments into the applicable Custodial Funds Account, shall accrue at the applicable Base Servicing Fee Rate, and shall be computed on the basis of the same principal amount and for the same period respecting which such interest payment was computed.

• The parties acknowledge that the sale or assignment of Mortgage Loans by Owner to a Subsequent Purchaser by means of a Transfer pursuant to Section 5.02 may require the Owner to arrange to pay a Servicing Fee based on a rate that is different from the Base Servicing Fee Rate.

More Definitions of Base Servicing Fee Rate

Base Servicing Fee Rate means with respect to any Mortgage Loan, the fee payable monthly to the Company pursuant to Section 7.01 at the rate per annum set forth in the Pricing Matrix.

Base Servicing Fee Rate shall have the meaning set forth in the Agency Fee Letter.

Base Servicing Fee Rate. For each Initial Loan and each New Mortgage Loan, Substitute Mortgage Loan and Additional Mortgage Loan that is an ARM, 0.10% per annum. For each New Mortgage Loan, Substitute Mortgage Loan and Additional Mortgage Loan that is a Fixed Rate Mortgage Loan, 0.08% per annum.

Base Servicing Fee Rate. As to any Mortgage Loan, the per annum rate specified to be payable to Freedom Mortgage to cover the actual costs of servicing. For example, the Base Servicing Fee Rate for the Mortgage Loans in the initial pool will be eight (8) basis points. Business Day: Any day other than a Saturday or Sunday or a day on which banks in New Jersey and New York are authorized or obligated by law to close. Closing: The closing of the initial public offering of the common stock of Cherry Hill. Closing Date: The date of the Closing.

Base Servicing Fee Rate. The per annum rate set forth in a Trade Confirmation at which the Base Servicing Fee will be calculated with respect to those Mortgage Loans identified in such Trade Confirmation. Bulk Purchases: Proposed purchases by Seller during the term of this Agreement of Mortgage Servicing Rights from third parties.

Base Servicing Fee Rate means 0.10%.

Base Servicing Fee Rate means (i) with respect to any Mortgage Loan serviced for Fannie Mae pursuant to the applicable Servicing Contract, unless otherwise adjusted pursuant to and in accordance with S ection 2.22, [***] per annum, (ii) with respect to any Mortgage Loan serviced for Freddie Mac pursuant to the applicable Servicing Contract, unless otherwise adjusted pursuant to and in accordance with S ection 2.22, [***] per annum, and (iii) with respect to any Mortgage Loan serviced for Ginnie Mae pursuant to the applicable Servicing Contract, unless otherwise adjusted pursuant to and in accordance with S ection 2.22, [***] per annum.