REMIC I IO Regular Interests definition
REMIC I IO Regular Interests. The 317 uncertificated partial undivided beneficial ownership interests in REMIC I, relating to each Non-Discount Mortgage Loan, each having no principal balance, and each bearing interest at the related REMIC I Pass-Through Rate on the related REMIC I IO Notional Amount.
REMIC I IO Regular Interests. The 523 uncertificated partial undivided beneficial ownership interests in REMIC I, relating to each Non-Discount Mortgage Loan, numbered sequentially from 1 through 523, each relating to a particular Non-Discount Mortgage Loan identified by sequential number on the Mortgage Loan Schedule, each having no principal balance, and each bearing interest at the related REMIC I Pass-Through Rate on the related REMIC I IO Notional Amount.