Negative Amortization Loans definition

Negative Amortization Loans. Collectively, all of the Mortgage Loans in Loan Group 1 and Loan Group 2.
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Negative Amortization Loans. Collectively, all of the Mortgage Loans.
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Negative Amortization Loans. As to any Negative Amortization Loan, the amount Deferred Interest for the related Due Period.
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Examples of Negative Amortization Loans in a sentence

  • Other than with respect to Negative Amortization Loans, the Note does not by its terms provide for the capitalization or forbearance of interest.


More Definitions of Negative Amortization Loans

Negative Amortization Loans. The Loans identified as such on the Loan Schedule, with respect to which the related Mortgage Note provides for negative amortization as a result of various payment options being elected by the Mortgagors.
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Negative Amortization Loans. As to any Negative Amortization Loan, the amount of Deferred Interest for the related Due Period.
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Related to Negative Amortization Loans

  • Negative Amortization That portion of interest accrued at the Note Rate in any month which exceeds the Monthly Payment on the related Mortgage Loan for such month and which, pursuant to the terms of the Mortgage Note, is added to the principal balance of the Mortgage Loan.

  • Term Loan Amortization Date is June 1, 2021; provided, however, upon the occurrence of the Positive Data Event, the Term Loan Amortization Date shall be June 1, 2022.

  • REO Principal Amortization With respect to any REO Property, for any calendar month, the excess, if any, of (a) the aggregate of all amounts received in respect of such REO Property during such calendar month, whether in the form of rental income, sale proceeds (including, without limitation, that portion of the Termination Price paid in connection with a purchase of all of the Mortgage Loans and REO Properties pursuant to Section 9.01 that is allocable to such REO Property) or otherwise, net of any portion of such amounts (i) payable pursuant to Section 3.23(c) in respect of the proper operation, management and maintenance of such REO Property or (ii) payable or reimbursable to the Servicer pursuant to Section 3.23(d) for unpaid Servicing Fees in respect of the related Mortgage Loan and unreimbursed Servicing Advances and P&I Advances in respect of such REO Property or the related Mortgage Loan, over (b) the REO Imputed Interest in respect of such REO Property for such calendar month.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Loan Group Cap The Loan Group I Cap or the Loan Group II Cap, as applicable.