Examples of Group II Mortgage Loans in a sentence
Furthermore, all of the Group II Mortgage Loans will have the first adjustment to their mortgage rates two years after their origination.
As a result, the pass-through rates on the Class AV Certificates and the Mezzanine Certificates may increase relative to mortgage rates on the Group II Mortgage Loans, requiring that a greater portion of the interest generated by <PAGE> the Group II Mortgage Loans be applied to cover interest on the Class AV Certificates and the Mezzanine Certificates.
MOST OF THE MORTGAGE LOANS HAVE A FIRST PAYMENT DATE ON OR AFTER JUNE 1, 2002 None of the Initial Group I Mortgage Loans or the Initial Group II Mortgage Loans are delinquent in their monthly payments due on or before May 31, 2002.
The Mortgage Loans generally may be prepaid by the mortgagors at any time; however, as described under "The Mortgage Pool" herein, with respect to approximately 78.89% of the Initial Group I Mortgage Loans and approximately 71.17% of the Initial Group II Mortgage Loans, in each case by aggregate principal balance of the related loan group as of the Cut-off Date, a mortgagor principal prepayment may subject the related mortgagor to a prepayment charge.
It is possible that the mortgage rates on certain of the Group II Mortgage Loans may decline while the pass-through rates on the Class AV Certificates and the Mezzanine Certificates are stable or rising.