Examples of Group 3 Mortgage Loans in a sentence
The Group 3 Mortgage Loans have a weighted average remaining lockout period of approximately 1 month.
Litigation There are no and have not been any governmental, legal or arbitration proceedings (including any such proceedings which are pending or threatened) of which the Issuer is aware during the 12 months preceding the date of this Prospectus which may have, or have had in the recent past, significant effects on the Issuer’s financial position or profitability.
The aggregate Stated Principal Balance of the Mortgage Loans included in the Statistical Calculation Pool as of the Statistical Calculation Date is approximately $1,733,647,627 (the “Statistical Calculation Date Pool Principal Balance”), of which approximately$450,051,732 constitute Loan Group 1 Mortgage Loans, approximately $450,073,622 constitute Loan Group 2 Mortgage Loans and approximately $833,522,273 constitute Loan Group 3 Mortgage Loans.
The Pass-Through Rate for the Class 3-A-1 Certificates for each Distribution Date through and including the Distribution Date in December 2008 will be a per annum rate equal to the weighted average of the Net Mortgage Rates on the Group 3 Mortgage Loans, weighted on the basis of the respective Scheduled Principal Balances, as of the first day of the related Interest Accrual Period (after taking into account scheduled payments of principal on that date), minus 0.769842%.
The Pass-Through Rate for the Class 3-A-2 Certificates for each Distribution Date following the Distribution Date in December 2008 will be a per annum rate equal to the weighted average of the Net Mortgage Rates on the Group 3 Mortgage Loans, weighted on the basis of the respective Scheduled Principal Balances, as of the first day of the related Interest Accrual Period (after taking into account scheduled payments of principal on that date), minus 0.706%.