Pool 1 Mortgage Loans definition

Pool 1 Mortgage Loans. Any Mortgage Loan in Pool 1.
View Source
Pool 1 Mortgage Loans. Those Mortgage Loans identified on the Mortgage Loan Schedule as Pool 1 Mortgage Loans.
View Source
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...
View Source

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.
View Source
Pool 1 Mortgage Loans. The aggregate of the Mortgage Loans identified on the Mortgage Loan Schedule as being included in Pool 1.
View Source
Pool 1 Mortgage Loans. The Mortgage Loans identified on Schedule I hereto.
View Source
Pool 1 Mortgage Loans. Adjustable rate Mortgage Loans listed in Exhibit A-1 hereto.
View Source
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.
View Source
Pool 1 Mortgage Loans. The Mortgage Loans listed on Exhibit D-1 hereto.
View Source

Related to Pool 1 Mortgage Loans

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Dep▇▇▇▇▇r," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of February 27, 2006 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") an▇ ▇.▇. Bank National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the Group I-A Distribution Amount for the Class I-A-5 Certificates required to be distributed to Holders of the Class I-A-5 Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. Distributions in reduction of the Principal Balance of certain Classes of Class A Certificates may not commence on the first Distribution Date specified above. Distributions of principal will be allocated among the Classes of Group I-A Certificates in accordance with the provisions of the Agreement. The Class I-A-5 Certificates are principal only Certificates and are not entitled to distributions in respect of interest. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person is entitled to receive payments by wire transfer in immediately available funds in accordance with the Agreement and such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.