Group II Mortgage Loan definition

Group II Mortgage Loan. A Mortgage Loan assigned to Loan Group II with a Stated Principal Balance at origination that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac loan limits.

Group II Mortgage Loan. Any Mortgage Loan in Loan Group II.

Group II Mortgage Loan. A Mortgage Loan assigned to Loan Group II with a principal balance at origination that may or may not conform to Fannie Mae or Freddie Max xxxx limits.

Examples of Group II Mortgage Loan in a sentence

• During the three-month period beginning on the Startup Date, the Seller shall have the right, but not the obligation, in its sole discretion for any reason, to substitute for any Group I or Group II Mortgage Loan a Substitute Mortgage Loan meeting the requirements of Section 2.02.

• During the three-month period beginning on the Startup Date, the Seller shall have the right, but not the obligation, in its sole discretion for any reason, to substitute for any Group I or Group II Mortgage Loan, a Substitute Mortgage Loan meeting the requirements of Section 2.02.

• I Mortgage Loan had a Loan-to-Value Ratio at origination in excess of 95.00% and no Group II Mortgage Loan had a Loan-to-Value Ratio at origination in excess of 95.00%.

• On each Adjustment Date, the Servicer shall make Mortgage Interest Rate adjustments for each Group II Mortgage Loan in compliance with the requirements of the related Mortgage and Mortgage Note and Applicable Regulations.

• Only an amount (the “Group II REMIC Termination Payment”) equal to the Group II Mortgage Loan Purchase Price less any Group II Swap Optional Termination Payment shall be made available for distribution to the Group II Regular Certificates.

More Definitions of Group II Mortgage Loan

Group II Mortgage Loan. A Mortgage Loan assigned to Loan Group II with a Stated Principal Balance at origination that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac loan limits. The aggregate principal balance of the Group II Mortgage Loans as of the Cut-off Date is equal to $346,253,840.80.

Group II Mortgage Loan. A Mortgage Loan that is identified as such on the Mortgage Loan Schedule.

Group II Mortgage Loan. A Mortgage Loan assigned to Loan Group II. The aggregate Principal Balance of the Group II Mortgage Loans as of the Cut-off Date is equal to $327,272,160.27.

Group II Mortgage Loan. A first lien or second lien fixed-rate Mortgage Loan or Adjustable-Rate Mortgage Loan with a principal balance at origination that may or may not conform to Fannie Mae and Freddie Xxx xoan limitx. Xxx Group II Mortgage Loans are identified as such on the Mortgage Loan Schedule.

Group II Mortgage Loan. Each Mortgage Loan identified on the Mortgage Loan Schedule as being a “Group II Mortgage Loan”.

Group II Mortgage Loan. Each Mortgage Loan listed on Exhibit D-2 hereto.

Group II Mortgage Loan. Each of the Mortgage Loans identified in the Mortgage Loan Schedule as having a Mortgage Rate that is subject to adjustment. The Group II Mortgage Loans are identified as such on the Mortgage Loan Schedule.