GreenPoint Mortgage Loans definition
Examples of GreenPoint Mortgage Loans in a sentence
With respect to the GreenPoint Mortgage Loans and the period from such Bring-Down Date to and including the Closing Date, the Seller hereby makes the representations and warranties contained in Section 7.01 of the GreenPoint Purchase and Servicing Agreement with respect to each of the GreenPoint Mortgage Loans to and for the benefit of the Depositor, the Trustee and the Trust Fund.
If the Master Servicer resigns pursuant to this Section 7.04(b), DLJMC shall pay the Master Servicer an amount equal to the product of (a) the Stated Principal Balance of the GreenPoint Mortgage Loans and the Fairbanks Mortgage Loans then outstanding and (b) 0.02%.
On each date that the Loan Rates relating to GreenPoint Mortgage Loans have been adjusted, interest rate adjustments on the GreenPoint Mortgage Loans were made in compliance with the related Mortgages and Credit Line Agreement and applicable law and all required notices of interest rate adjustments were sent to each Mortgagor on a timely basis.
The Loan Rate Cap for each of the GreenPoint Mortgage Loans is 18.000%.
As of the Cut-Off Date, GreenPoint is the Sub-Servicer with respect to the GreenPoint Mortgage Loans and in such capacity GreenPoint will be primarily responsible for the servicing of such Mortgage Loans.