Loan Group 1 definition

Loan Group 1. The Group 1 Mortgage Loans.
Loan Group 1. Collectively, all of the Mortgage Loans that are Group 1 Mortgage Loans and any successor REO Loans with respect thereto.

Examples of Loan Group 1 in a sentence

  • Distributions on this Certificate will be made primarily from collections on the Mortgage Loans in Loan Group 1 pursuant to the terms of the Agreement.

  • The pass-through rate with respect to the Class I-1B Interest and Class I-1Q Interest shall be a per annum rate equal to the Net WAC Rate for Loan Group 1.

  • For each Distribution Date, the Certificate Interest Rate on the Class Y-1 and Class Z-1 Regular Interests shall equal the Loan Group 1 Weighted Average Pass-Through Rate for such Distribution Date.

  • Group 1 Senior Certificates and the portions of the Subordinated Certificates related to Loan Group 1.

  • The "Group 1 Applicable Severity" with respect to any Payment Date and Loan Group 1, is a percentage equalCumulative Net Credit Event Percentageto: to: (a) the sum of (i) the product of 10% and the 10% Severity Tier Percentage, (ii) the product of 20% and the 20% Severity Tier Percentage, and (iii) the product of 40% and the 40% Severity Tier Percentage; divided by (b) the sum of the 10% Severity Tier Percentage, the 20% Severity Tier Percentage, and the 40% Severity Tier Percentage.


More Definitions of Loan Group 1

Loan Group 1. The group of Mortgage Loans designated as belonging to Loan Group 1 on the Mortgage Loan Schedule.
Loan Group 1. All Mortgage Loans that have Mortgage Rates that are fixed.
Loan Group 1. As of the Cut-Off Date, consists of (a) 100% of the principal balance of each Pool 1 Mortgage Loan with a Net Mortgage Rate less than or equal to 5.50% per annum, and (b) a portion of each Pool 1 Mortgage Loan with a Net Mortgage Rate greater than 5.50% per annum and less than 6.00% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x 1 − (Net Mortgage Rate − 5.50%) 0.50% Loan Group 2: As of the Cut-Off Date, consists of (a) a portion of each Pool 1 Mortgage Loan with a Net Mortgage Rate greater than 5.50% per annum and less than 6.00% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x (Net Mortgage Rate − 5.50%) 0.50%