Expense Fee Rate definition

Expense Fee Rate. As to each Mortgage Loan, the sum of (a) the related Servicing Fee Rate and (b) the Trustee Fee Rate.

Expense Fee Rate. As to each Mortgage Loan, a per annum rate equal to the sum of the Servicing Fee Rate and the Trustee Fee Rate.

Expense Fee Rate. As to each Mortgage Loan, the sum of the related Servicing Fee Rate, the Trust Administrator Fee Rate, if applicable, the rate at which any lender paid primary mortgage guaranty insurance fee accrues, if applicable, and the Qualified Substitute Mortgage Loan Excess Interest Rate, if applicable.

Examples of Expense Fee Rate in a sentence

• The Weighted Average Net Coupon is equivalent to the Weighted Average Gross Coupon less the Expense Fee Rate.

• Expense Fee Rate: The per annum rate at which the servicing, trustee, and loss mitigation advisor fees accrue.

• The Weighted Average Net Coupon is equivalent to the Weighted Average Gross Coupon less initial Expense Fee Rate.

• Net Mortgage Rate: As to each mortgage loan, and at any time, the per annum rate equal to the mortgage rate of such mortgage loan less the rate at which such loan's Expense Fee Rate accrues.

• Net WAC: The "Net WAC" of the Group 1 or Group 2 Mortgage Loans shall mean the weighted average of the loan rates of the Group 1 or Group 2 Mortgage Loans (as applicable), weighted on the basis of the daily average balance of each Mortgage Loan in the applicable Loan Group during the related billing cycle for the Collection Period relating to the Payment Date, net of the Expense Fee Rate.

More Definitions of Expense Fee Rate

Expense Fee Rate. As to each Mortgage Loan, the sum of the related Master Servicing Fee Rate and the Trustee Fee Rate.

Expense Fee Rate. With respect to any Mortgage Loan as of any date of determination, the sum of the applicable Servicing Fee Rate and the per annum rate at which the applicable Subservicing Fee accrues.

Expense Fee Rate. As to each Mortgage Loan, a per-annum rate equal to the sum of the Servicing Fee Rate, the Trustee Fee Rate and any lender-paid primary mortgage insurance fee rate, if applicable.

Expense Fee Rate. The sum of (i) the Trustee Fee Rate and (ii) the Servicing Fee Rate.

Expense Fee Rate. With respect to any Mortgage Loan, the per annum rate at which the Expense Fee accrues for such Mortgage Loan as set forth in the Mortgage Loan Schedule.

Expense Fee Rate. As to each Mortgage Loan and any date of determination, the sum of (a) the Master Servicing Fee Rate and (b) the Trustee Fee Rate.

Expense Fee Rate. As to each Mortgage Loan and any date of determination, the sum of the related Servicing Fee Rate, the related Excess Servicing Fee Rate, if applicable, the Trustee Fee Rate, the Credit Risk Manager Fee Rate and the rate at which any lender paid Primary Insurance Policy premium is calculated, if applicable. Fair Credit Reporting Act: 15 U.S.C. §§1681 et seq.