Examples of Mortgage Note Rate in a sentence

Each Mortgage Loan must have a 30-year term and amortizing, substantially equal monthly payments of principal and interest (in amounts sufficient to amortize the principal amount of the Mortgage Loan over the term thereof) due on the first day of the calendar month the first payment of which shall commence no later than sixty (60) days following Closing, and a fixed interest rate at the Respective Mortgage Note Rate.
Tracking a Mortgage Note Rate Over TimeIn principle, we could choose a single note rate and follow that note rate over our entire sample period.
MORTGAGE NOTE RATEThe Mortgage Note Rate for the FIRST Home MBS Program loans will vary based on market conditions.
In connection with any assumption or substitution agreement, no material term of the Mortgage Loan (including, without limitation, the Scheduled Payment, the stated maturity, the Loan Balance or the Mortgage Note Rate) shall be changed, nor shall any required periodic payments of principal or interest be deferred or forgiven.
If an area is not being audited in depth because of materiality considerations, the working papers should document this decision.11.

More Definitions of Mortgage Note Rate

Mortgage Note Rate means the interest rate stated on each Mortgage Note.

Mortgage Note Rate means, with respect to a Mortgage Loan, the rate of interest payable on a Mortgage Loan set forth in the applicable Program Documents.

Mortgage Note Rate with respect to a Related Mortgage Note, shall have the meaning assigned to such term in such Related Mortgage Note.

Mortgage Note Rate means the coupon rate of interest born by a Mortgage Note as set forth in such Mortgage Note.

Mortgage Note Rate. “Mortgage Pool” “Mortgage Security” “Mortgage-backed Security” “Mortgaged Property” “Mortgagor” “Multifamily Mortgage Loan” “Multifamily Property” Section 1 Section 1 Annex 1, Annex 3 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 Section 1 “NASD” Section 1 “OTS” Section 1

Mortgage Note Rate with respect to a Related Mortgage Note, shall be the interest rate payable under such Related Mortgage Note.

Mortgage Note Rate. For a mortgage loan, the annual rate per annum at which interest accrues on the mortgage loan. mortgaged property: Any real property subject to a mortgage, or any cooperative apartment in a cooperative housing corporation. mortgagor: The obligor on a mortgage note. multiple-pool series: A series in which the mortgage loans are divided into two or more pools for purposes of allocations and distributions. Each series is either a single-pool series or a multiple-pool series. net liquidation proceeds: For a period, the aggregate amount of liquidation proceeds for a liquidated loan, net of related liquidation expenses not previously recovered. net REO proceeds: For a REO loan, REO proceeds net of any related expenses of the relevant servicer.