Examples of PO Percentage in a sentence
In the case of a Discount Loan and any date (i) the Scheduled Principal Balance of such Discount Loan for such date multiplied by (ii) the PO Percentage for such Discount Loan.
The Trustee shall then with respect to each such Mortgage Loan in each Mortgage Loan Group allocate Realized Losses on a pro rata basis between the PO Percentage of the Scheduled Principal Balance of a Mortgage Loan which suffered a Realized Loss and the Non-PO Percentage of the Scheduled Principal Balance of such Mortgage Loan.
None has any merit.1. Bucketing of Non-Discount Mortgage Loans and Calculation of PO Percentage All parties agree that the two “buckets” of loans in the Trusts—the Non-Discount Mortgage Loans and the Discount Mortgage Loans—are fixed at the inception of the Trust.
In full, this part of the definition of Adjusted Net Mortgage Rate provides: “For purposes of determining whether any Substitute Mortgage Loan is a Discount Mortgage Loan or a Non-Discount Mortgage Loan and for purposes of calculating the applicable PO Percentage and the applicable Non-PO Percentage, each Substitute Mortgage Loan shall be deemed to have an Adjusted Net Mortgage Rate equal to the Adjusted Net Mortgage Rate of the Deleted Mortgage Loan for which it is substituted.” PSA, art.
The Current Principal Amount of the Class PO Certificates initially will be the amount shown above and is composed of four components equal to the PO Percentage of each Discount Mortgage Loan in Mortgage Loan Groups 1, 2, 3 and 4.