Examples of Excess Yield in a sentence

Excess Yield Securities are securities backed by the excess servicing income relating to mortgages underlying previously issued Ginnie Mae mortgage-backed securities.
As to each Trust, the related Pooled Securities or Excess Yield Amounts, as applicable.
Any Person, acting in its capacity as principal, that transfers Pooled Securities or Excess Yield Amounts to the Issuer for securitization in exchange for cash or Certificates or a combination of cash and Certificates.
The obligations of the Seller to deposit Excess Yield Amounts, upon receipt, into a custodial account prior to remittance to the Trustee for deposit to the Certificate Account are set forth in the Fee Reduction Letter.
As to each Trust Fund the assets of which include Pooled Securities, the monthly distributions from the related Pooled Securities payable to the holders of the Pooled Securities in accordance with their terms; and as to each Trust Fund the assets of which include Excess Yield Amounts, the monthly distributions thereof.

More Definitions of Excess Yield

Excess Yield shall have the meaning given to such term in Section 5A.10 of the Participation Agreement.

Excess Yield means, with respect to any Released Excess Yield Mortgage and each monthly payment period for the pools relating to such Released Excess Yield Mortgage, the interest-rate cash flow that remains after subtracting the sum of (i) the applicable pass-through rate for security backed by the related pool (“MBS”), (ii) the guaranty fee rate applied to that mortgage loan in connection with the MBS, (iii) the Minimum Servicing Spread required under the Xxxxxx Xxx Guide and (iv) the premium amounts for monthly lender-purchased mortgage insurance, if any, required to be paid by Borrower from interest amounts payable on that mortgage loan (such amounts being converted to an annual rate).

Excess Yield means with respect to each Fannie Mae Mortgage Loan that is a Released Excess Yield Mortgage and each monthly payment period for the pools relating to such Released Excess Yield Mortgage, the interest-rate cash flow that remains after subtracting the sum of (i) the applicable pass- through rate for security backed by the related pool (“MBS”), (ii) the guaranty fee rate applied to that mortgage loan in connection with the MBS, (iii) the Minimum Servicing Spread and (iv) the premium amounts for monthly lender-purchased mortgage insurance, if any, required to be paid by Borrower from interest amounts payable on that mortgage loan (such amounts being converted to an annual rate).

Excess Yield means, on any Payment Date, the Available Funds for such Payment Date, minus the sum of (a) Monthly Principal for such Payment Date, (b) Monthly Interest for such Payment Date, (c) the Monthly Servicing Fee for such Payment Date and (d) the Premium for such Payment Date.

Excess Yield means, for any Collection Period, the amount, expressed as an annualized percentage, of the aggregate Collected Interest on the last day of such Collection Period, minus (a) the aggregate principal amount of the Receivables that became Defaulted Receivables during such Collection Period, (b) the Monthly Interest for such Distribution Date and (c) the Monthly Servicing Fee for such Distribution Date.

Excess Yield. When used with respect to distributions on a Distribution Date, with respect to a Loan, an amount equal to the product of the related Excess Yield Rate and the stated principal balance of the Loan, calculated on the same principal balance and for the same period as interest and pass-through interest on the related Loan at the Loan Interest Rate was calculated.

Excess Yield. As defined in the Original Agreement.