# Loan Group 3 definition

Loan Group 3. The Group 3 Mortgage Loans.
Loan Group 3. All Mortgage Loans identified as Loan Group 3 Mortgage Loans on the Mortgage Loan Schedule.
Loan Group 3. At any time, the Group 3 Mortgage Loans in the aggregate and any REO Properties acquired in respect thereof.

## Examples of Loan Group 3 in a sentence

• Loan Group: Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 or Loan Group 5, as applicable.

• Loan Group 3 will consist of first lien fixed and adjustable rate mortgage loans.

• The aggregate Stated Principal Balance of the Mortgage Loans included in the Statistical Calculation Pool as of the Statistical Calculation Date is approximately \$1,733,647,627 (the “Statistical Calculation Date Pool Principal Balance”), of which approximately\$450,051,732 constitute Loan Group 1 Mortgage Loans, approximately \$450,073,622 constitute Loan Group 2 Mortgage Loans and approximately \$833,522,273 constitute Loan Group 3 Mortgage Loans.

• Loan Group: Loan Group 1, Loan Group 2, Loan Group 3 or Loan Group 4, as applicable.

• Group 3 Principal Distribution Amount: With respect to each Distribution Date, the product of (i) the Principal Distribution Amount and (ii) a fraction, the numerator of which is the Principal Remittance Amount for Loan Group 3 for that Distribution Date and the denominator of which is the aggregate Principal Remittance Amount for all of the Loan Groups for that Distribution Date.

## More Definitions of Loan Group 3

Loan Group 3. The aggregate of the Mortgage Loans identified on Schedule I as being included in Loan Group 3.
Loan Group 3. The pool of Mortgage Loans identified in the Mortgage Loan Schedule for Sub-Trust 3.
Loan Group 3. The Group 3 Loans.
Loan Group 3 means the pool of Home Equity Loans identified in the Schedule of Home Equity Loans for Sub-Trust 3.
Loan Group 3. As of the Cut-Off Date, consists of (a) 100% of the principal balance of each Pool 3 Mortgage Loan with a Net Mortgage Rate less than 5.00% per annum, and (b) a portion of each Pool 3 Mortgage Loan with a Net Mortgage Rate greater than or equal to 5.00% per annum and less than 5.25% per annum, equal to: 0.50% The Stated Principal Balance of such Mortgage Loan x 1− (Net Mortgage Rate −5.00%)
Loan Group 3. Sub-Account," "Loan Group 4 Sub-Account," "Loan Group 5 Sub-Account," "Loan Group 6 Sub-Account," "Loan Group 7 Sub-Account," "Loan Group 8 Sub-Account" and "Loan Group 9 Sub-Account") and one for each of the CB Lower-Tier Certificate Sub-Account, the DB Lower-Tier Certificate Sub-Account, the Middle-Tier Certificate Sub-Account and the Upper-Tier Certificate Sub-Account. Funds in the Distribution Account shall be held in trust for the Holders of the Certificates for the uses and purposes set forth in this Agreement.
Loan Group 3. Sub-Account" and "Loan Group 4 Sub-Account") and one for each of the Lower-Tier Certificate Sub-Account and the Upper-Tier Certificate Sub-Account. Funds in the Certificate Account shall be held in trust for the Holders of the Certificates for the uses and purposes set forth in this Agreement.