Group II Mortgage Loans definition

Group II Mortgage Loans. The Mortgage Loans identified on the Mortgage Loan Schedule as Group II Mortgage Loans.

Group II Mortgage Loans. Group III Mortgage Loans," "Group IV Mortgage Loans" and "Group V Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," 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 July 25, 2007 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") anx XXXC Bank USA, 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-IO Certificates required to be distributed to Holders of the Class I-A-IO Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. The Class I-A-IO Certificates are not entitled to distributions in respect of principal. The Class I-A-IO Pass-Through Rate with respect to each Distribution Date prior to the Distribution Date in September 2009 will be a per annum rate equal to 0.66429486%. On and after the Distribution Date in September 2009, the Class I-A-IO Pass-Through Rate will be zero and the Class I-A-IO Certificates will be entitled to no further distributions of interest. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class I-A-IO Certificates, as described in the Agreement. Distributions on this Certificate will be made by t...

Group II Mortgage Loans. The Mortgage Loans related to Loan Group II.

Examples of Group II Mortgage Loans in a sentence

• Furthermore, all of the Group II Mortgage Loans will have the first adjustment to their mortgage rates two years after their origination.

• As a result, the pass-through rates on the Class AV Certificates and the Mezzanine Certificates may increase relative to mortgage rates on the Group II Mortgage Loans, requiring that a greater portion of the interest generated by <PAGE> the Group II Mortgage Loans be applied to cover interest on the Class AV Certificates and the Mezzanine Certificates.

• MOST OF THE MORTGAGE LOANS HAVE A FIRST PAYMENT DATE ON OR AFTER JUNE 1, 2002 None of the Initial Group I Mortgage Loans or the Initial Group II Mortgage Loans are delinquent in their monthly payments due on or before May 31, 2002.

• The Mortgage Loans generally may be prepaid by the mortgagors at any time; however, as described under "The Mortgage Pool" herein, with respect to approximately 78.89% of the Initial Group I Mortgage Loans and approximately 71.17% of the Initial Group II Mortgage Loans, in each case by aggregate principal balance of the related loan group as of the Cut-off Date, a mortgagor principal prepayment may subject the related mortgagor to a prepayment charge.

• It is possible that the mortgage rates on certain of the Group II Mortgage Loans may decline while the pass-through rates on the Class AV Certificates and the Mezzanine Certificates are stable or rising.

More Definitions of Group II Mortgage Loans

Group II Mortgage Loans. The Mortgage Loans identified as such on the Mortgage Loan Schedule. Group II Non-Offered Subordinate Certificates: The Class II-B-4, Class II-B-5, Class II-B-6 and Class II-XP Certificates. Group II Offered Certificates: The Group II Senior Certificates and the Group II Offered Subordinate Certificates. Group II Offered Subordinate Certificates: The Class II-B-1, Class II-BX-1, Class II-B-2, Class II-BX-2 and Class II-B-3 Certificates.

Group II Mortgage Loans means a pool of fixed- and adjustable-rate mortgage loans, as identified in the related Mortgage Loan Schedule.

Group II Mortgage Loans. Approximately $384.8 million of Mortgage Loans that predominantly have original principal balances that do not conform to the original principal balance limits for one- to four-family residential mortgage loan guidelines for purchase by Freddie Mac.

Group II Mortgage Loans. The pool of Mortgage Loans identified in the Mortgage Loan Schedule as having a Mortgage Rate which is adjustable, including any Mortgage Loans delivered in replacement thereof.

Group II Mortgage Loans. Those Mortgage Loans listed on Exhibits F-1B and F-3B attached hereto. Group II Pool Balance (Non-PO Portion): As of any Distribution Date, the sum of the amounts for each Group II Mortgage Loan that is an Outstanding Mortgage Loan of the product of (i) the Non-PO Fraction for such Mortgage Loan and (ii) the Scheduled Principal Balance of such Mortgage Loan.

Group II Mortgage Loans. The Mortgage Loans allocated to Group II which primarily support the Group II Certificates.

Group II Mortgage Loans. The Mortgage Loans identified on the Mortgage Loan Schedule as Group II Mortgage Loans. HomEq: HomEq Servicing Corporation, a New Jersey corporation, and its successors in interest.