Pool 1 Mortgage Loans definition

Pool 1 Mortgage Loans. Any Mortgage Loan in Pool 1.

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Pool 1 Mortgage Loans. Those Mortgage Loans identified on the Mortgage Loan Schedule as Pool 1 Mortgage Loans.

Pool 1 Mortgage Loans are the group of _________ Mortgage Loans set forth on the Mortgage Loan Schedule, "Pool 2 Mortgage Loans" are the group of _________ Mortgage Loans set forth on the Mortgage Loan Schedule.] With respect to the aggregate unpaid principal balance of all of the Mortgage Loans as of the Closing Date, (a) the Mortgage Loans are secured by real property improved by one- to four- family dwellings with original terms of up to [___] years, (b) with respect to each ARM Mortgage Loan the Index shall be as set forth on the Mortgage Loan Schedule, (c) the maximum Mortgage Interest Rate of the Mortgage Loans is [___]%, (d) the minimum Mortgage Interest Rate of the Mortgage Loans is [___]%, (e) the Mortgage Loans have a weighted average remaining term of [___] months, (f) each of the Mortgaged Properties consists of a single parcel of real property of which (i) at least [___]% are attached or detached one family residences, (ii) approximately [___]% are individual condominium units in a condominium project, (iii) approximately [___]% are units in planned unit developments, (iv) approximately [___]% are two-to-four family residential dwellings, (v) not more than [___]% are townhouses and (vi) not more than [___]% are manufactured housing which are permanently affixed to the ground, (g) no more than [___]% of the Mortgage Loans are rate-term refinance mortgage loans, (h) no more than [___]% of the Mortgage Loans are cash out refinance mortgage loans, (i) at least [___]% of the Mortgage Loans are purchase money mortgage loans, (j) the Mortgaged Properties are located as follows (i) approximately [___]% in [___], (ii) approximately [___]% in [___] and (iii) no other state shall contain a percentage which is greater than [___]% and (k) with respect to the ARM Mortgage Loans, the weighted average initial period gross Lifetime Rate Cap shall be [___]% and the weighted average lifetime Mortgage Interest Rate of [___]%. With respect to the aggregate unpaid principal balance of the Mortgage Loans at the time of origination, (a) no more than [___]% of the Mortgaged Properties were investment properties and (b) at least [___]% of the Mortgaged Properties were owner-occupied primary residences. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (a) at least [___]% of the Mortgage Loans shall have full documentation, (b) no more than [___]% of the Mortgage Loans shall have stated income documentation and (c) no more than [___]% of the Mortgage Loans shall h...

Examples of Pool 1 Mortgage Loans in a sentence

On any Distribution Date occurring on or after the Pool 1 Initial Optional Purchase Date, the Master Servicer has the option to purchase all of the Pool 1 Mortgage Loans (and related REO Properties).
The Trustee, or the applicable Custodian on behalf of the Trustee, will execute and deliver to the Trustee, the Depositor, the Master Servicer, the Certificate Insurer (solely with respect to the Pool 1 Mortgage Loans) and any NIMS Insurer on the Closing Date an Initial Certification in the form annexed hereto as Exhibit B-1 (or in the form annexed to the applicable Custodial Agreement as Exhibit B-1, as applicable).
The Pool 1 Mortgage Loans or the Pool 2 Mortgage Loans, as applicable.
The Group 1 Lower-Tier REMIC shall hold as its assets the Pool 1 Mortgage Loans and all property of the Trust Fund related thereto, other than the Excluded Trust Property and other than the interests in any REMIC formed hereby.
Following such selection and any additional adjustments as specified in the following paragraph, and prior to the Closing Date, the Seller and the Purchaser shall agree upon a final mortgage schedule for each of the Pool 1 Mortgage Loans, Pool 2 Mortgage Loans and Pool 3 Mortgage Loans for Group [1999-FN-01] (the "Closing Schedule"), setting forth all of the Mortgage Loans to be purchased under this Agreement.
The Pool 1 Mortgage Loans will be the primary source of distributions to the Group 1 Certificates.
With respect to the aggregate unpaid principal balance of all the Pool 1 Mortgage Loans, the Mortgaged Properties are located as follows: (i) 13.2% of the Mortgaged Properties are located in California; (ii) 9.1% of the Mortgaged Properties are located in Massachusetts; (iii) 6.7% of the Mortgaged Properties are located in Illinois; and the remaining Mortgaged Properties are geographically dispersed.
The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Group 1 Non-Supported Interest Shortfall and the interest portion of certain Realized Losses on the Pool 1 Mortgage Loans allocated to the Class 1-B-5 Certificates, as described in the Agreement.
With respect to the aggregate unpaid principal balance of the Pool 1 Mortgage Loans ___% have prepayment penalties and ___% have no prepayment penalty.
As of each Distribution Date thereafter, with respect to the Class 1A-WIO Certificates, the Certificate Rate is a per annum rate equal to the excess of (A) the weighted average Net Mortgage Interest Rates of the Premium Pool 1 Mortgage Loans (based on Scheduled Principal Balances of such Mortgage Loans as of such date) over (B) 6.75%.

More Definitions of Pool 1 Mortgage Loans

Pool 1 Mortgage Loans. Fixed and adjustable rate first lien Mortgage Loans.

Pool 1 Mortgage Loans. The aggregate of the Mortgage Loans identified on the Mortgage Loan Schedule as being included in Pool 1.

Pool 1 Mortgage Loans. The Mortgage Loans identified on Schedule I hereto.

Pool 1 Mortgage Loans. Adjustable rate Mortgage Loans listed in Exhibit A-1 hereto.

Pool 1 Mortgage Loans. Those Mortgage Loans listed on Exhibit F-1, F-2 and F-3 attached hereto. Pool 1 Net Foreclosure Profits: As to any Distribution Date, the amount, if any, by which (i) Aggregate Foreclosure Profits on the Pool 1 Mortgage Loans with respect to such Distribution Date exceed (ii) Liquidated Loan Losses on the Pool 1 Mortgage Loans with respect to such Distribution Date.

Pool 1 Mortgage Loans. The Mortgage Loans listed on Exhibit D-1 hereto.