Weighted Average Mortgage Rate definition

Weighted Average Mortgage Rate. As to any Distribution Date, the average of the Mortgage Rate of each Mortgage Loan, weighted on the basis of its Stated Principal Balance as of the end of the Prepayment Period related to the immediately preceding Distribution Date.
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Weighted Average Mortgage Rate. For each Loan Group, the average of the Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance.
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Weighted Average Mortgage Rate. With respect to any Distribution Date, the weighted average of the Mortgage Rates of the Mortgage Loans (weighted by the Principal Balances of the Mortgage Loans). Form of Class A-1 Certificate NOVASTAR MORTGAGE FUNDING TRUST, SERIES 2003-1 HOME EQUITY LOAN ASSET-BACKED CERTIFICATE CLASS A-1 CERTIFICATES Comprised of a Certificate Representing Certain Interests Relating to a Pool of Mortgage Loans The Mortgage Loans are Serviced by NOVASTAR MORTGAGE, INC., as Servicer Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation ("DTC"), to the Trust or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. (This certificate does not represent an interest in, or an obligation of, nor are the underlying Mortgage Loans insured or guaranteed by, NovaStar Mortgage, Inc., NovaStar Mortgage Funding Corporation, NovaStar Financial, Inc., NovaStar Capital, Inc. or any of their subsidiaries and affiliates. This certificate is comprised of a Certificate representing a fractional ownership interest in distributions in certain Accounts created pursuant to the Pooling and Servicing Agreement and certain other rights relating thereto and is payable only from amounts received by the Trustee relating to the Mortgage Loans and other assets held in the Trust Fund.)
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Examples of Weighted Average Mortgage Rate in a sentence

  • N/A 5% Weighted Average Mortgage Rate............................

  • Avg$ 345,000,1762,126100.00%$ 162,277 7.142% 353.04 621 79.6%____________*The Weighted Average Mortgage Rate for the Mortgage Loans in Loan Group 2 as of the Cut-off Date was approximately 7.142% per annum.

  • Adjustable Rate 0 0.00 Total Balloon Mortgage Loans: 316 21,267,036.71 (c) Weighted Average Mortgage Rate: 1.

  • Adjustable Rate 7.997% Total Weighted Average Mortgage Rate 8.924% (d) Weighted Average Net Mortgage Rate: 1.

  • Adjustable Rate 3 159,897.08 Total Closing Mortgage Loan Principal Balance: 442 30,305,672.28 (c) Weighted Average Mortgage Rate: 1.

  • Adjustable Rate 7.999% Total Weighted Average Mortgage Rate 8.917% (d) Weighted Average Net Mortgage Rate: 1.

  • Adjustable Rate 0 0.00 Total Closing Mortgage Loan Principal Balance: 180 13,453,138.56 (c) Weighted Average Mortgage Rate: 1.

  • Adjustable Rate 8.683% Total Weighted Average Mortgage Rate 9.626% (d) Weighted Average Net Mortgage Rate: 1.

  • Adjustable Rate 0 0.00 Total Closing Mortgage Loan Principal Balance: 588 43,095,812.05 (c) Weighted Average Mortgage Rate: 1.

  • Adjustable Rate 10.133% Total Weighted Average Mortgage Rate 9.806% (d) Weighted Average Net Mortgage Rate: 1.


More Definitions of Weighted Average Mortgage Rate

Weighted Average Mortgage Rate. With respect to any Distribution Date, the weighted average of the Mortgage Rates of the Mortgage Loans (weighted by the Principal Balances of the Mortgage Loans). APPENDIX B Swap/Cap Interest Rate Schedule Corresponding REMIC III Regular Interest Corresponding Interest Rate Corresponding Maturity Date EXHIBIT [ ] FORM 10-D, FORM 8-K AND FORM 10-K REPORTING RESPONSIBILITY As to each item described below, the entity indicated as the Responsible Party shall be primarily responsible for reporting the information to the party identified as responsible for preparing the Securities Exchange Act Reports pursuant to Section [ ] of the Pooling and Servicing Agreement. Under Item 1 of Form 10-D: a) items marked “[ ] statement” are required to be included in the periodic reports prepared by the Trustee under Section [ ] of the Pooling and Servicing Agreement, provided by the Trustee based on information received from the Servicer; and b) items marked “Form 10-D report” are required to be in the Form 10-D report but not the [ ] statement, provided by the party indicated. Information under all other Items of Form 10-D is to be included in the Form 10-D report. All such information and any other Items of Form 8-K and Form 10-K set forth in this exhibit shall be sent to the Trustee and the Depositor. Form Item Description Servicer Trustee Depositor Sponsor 1 Distribution and Pool Performance Information
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Weighted Average Mortgage Rate. With respect to any Distribution ------------------------------ Date, the weighted average of the Mortgage Rates of the Mortgage Loans (weighted by the Principal Balances of the Mortgage Loans).
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Weighted Average Mortgage Rate. At least 7.28% II. First Lien Mortgage Loans 100% III. WALTV of all Group I Mortgage Loans: Less than 79% IV. Owner occupied Mortgaged Properties: At least 94% V. Full Documentation At least 78% VI. Single state concentration: Less than 45% VII. Single-family: At least 82% VIII. Weighted average remaining term: Not to exceed 320 months IX. Weighted average FICO score: At least 648 X. Weighted average debt-to-income ration: Less than 42%
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Weighted Average Mortgage Rate. At least 7.42% II. First Lien Mortgage Loans 100% III. WALTV of all Group II Mortgage Loans: Less than 82% IV. Weighted Average Margin of all Mortgage Loans: Not less than 6.10% V. Owner occupied Mortgaged Properties: At least 96% VI. Full Documentation At least 70% VII. Single state concentration: Less than 50% VIII. Single-family: At least 71 % IX. Weighted average remaining term: Not to exceed 360 months X. Weighted average FICO score: At least 630 XI. Weighted average debt-to-income ration: Less than 44%
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Weighted Average Mortgage Rate. At least 7.42% II. First Lien Mortgage Loans 100% III. WALTV of all Group I Mortgage Loans: Less than 83% IV. Weighted Average Margin of all Mortgage Loans: Not less than 6.10% V. Owner occupied Mortgaged Properties: At least 96% VI. Full Documentation At least 72% VII. Single state concentration: Less than 50% VIII. Single-family: At least 76% IX. Weighted average remaining term: 360 months X. Weighted average FICO score: At least 630 XI. Weighted average debt-to-income ration: Less than 44% EXHIBIT H FORM OF SUBSEQUENT TRANSFER INSTRUMENT Pursuant to this Subsequent Transfer Instrument (the "Instrument"), dated as of ____________ __, 2002, between Accredited Home Lenders, Inc. as Sponsor (the "Sponsor"), and Accredited Home Capital, Inc. (the "Seller"), and pursuant to the Master Sale and Purchase Agreement, dated as of December 29, 2001 (the "Master Sale and Purchase Agreement"), between the Sponsor and the Seller, the Sponsor and the Trust agree to the sale by the Sponsor and the purchase by the Seller of the subsequent Mortgage Loans listed on the attached Mortgage Loan Schedule (the "Subsequent Mortgage Loans") and the related assets. Capitalized terms used and not defined herein have their respective meanings as set forth in the definitions contained in the appendix to the Sale and Servicing Agreement, which definitions are incorporated by reference herein. All other capitalized terms used herein shall have the meanings specified herein.
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Weighted Average Mortgage Rate. With respect to any Distribution Date, the weighted average of the Mortgage Rates of the Mortgage Loans (weighted by the Principal Balances of the Mortgage Loans as of the first day of the related Due Period (after giving effect to scheduled payments of principal due prior to such date, to the extent received or advanced, and unscheduled collections of principal received prior to such date)). APPENDIX B Swap/Cap Interest Rate Schedule Corresponding REMIC III Regular Interest Corresponding Interest Rate Corresponding Maturity Date All A Interests 0.1260% July 2008 All B Interests 0.1560% August 2008 All C Interests 0.1710% November 2008 All D Interests 0.1990% February 2009 All E Interests 4.92000% March 2009 All F Interests 0.2300% July 2009 All G Interests 0.2290% August 2009 All H Interests 0.2250% August 2009 All K Interests 0.2700% November 2009 All L Interests 0.2650% November 2009 All M Interests 0.2500% January 2010 All O Interests 0.2860% February 2010 All Q Interests 0.2590% February 2010 All S Interests 4.86800% March 2010 All T Interests 0.3000% May 2010 All U Interests 0.2950% May 2010 Exhibit A-1 Form of Class A-1A Certificate NOVASTAR MORTGAGE FUNDING TRUST, SERIES 2007-2 HOME EQUITY LOAN ASSET-BACKED CERTIFICATE CLASS A-1A CERTIFICATE Comprised of a Certificate Representing Certain Interests Relating to a Pool of Mortgage Loans The Mortgage Loans are Serviced by NOVASTAR MORTGAGE, INC., as Servicer Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation ("DTC"), to the Issuing Entity or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. (This certificate does not represent an interest in, or an obligation of, nor are the underlying Mortgage Loans insured or guaranteed by, NovaStar Mortgage, Inc., NovaStar Mortgage Funding Corporation, NovaStar Financial, Inc., NovaStar Capital, Inc., the Trustee or any of their subsidiaries and affiliates. This certificate is comprised of a Certificate representing a fractional ownership interest in ...
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Related to Weighted Average Mortgage Rate

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Weighted Average Net Mortgage Interest Rate As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • Weighted Average Interest Rates means, with respect to any Outstanding Notes of a class or tranche of the MBNAseries, or of all of the Outstanding Notes of the MBNAseries, on any date, the weighted average (weighted based on the Outstanding Dollar Principal Amount of the related Notes on such date) of the following rates of interest:

  • Weighted Average SOFR means the arithmetic mean of SOFR in effect for each Business Day during the relevant Interest Period, calculated by multiplying the relevant SOFR by the number of calendar days such SOFR is in effect, determining the sum of such products and dividing such sum by the number of calendar days in the relevant Interest Period, provided however that during a Suspension Period, the SOFR for each day during that Suspension Period will be the value for the Business Day immediately prior to the first day of such Suspension Period. For purposes of this provision “Suspension Period” is the number of Business Days prior to the end of the relevant Interest Period as specified in the applicable pricing supplement.

  • Weighted Average means a ratio of the weight of the investment by the financial market participant in an investee company in relation to the enterprise value of the investee company;

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.25%.

  • Weighted Average Yield means with respect to any Loan, on any date of determination, the weighted average yield to maturity, in each case, based on the interest rate applicable to such Loan on such date and giving effect to all upfront or similar fees or original issue discount payable with respect to such Loan.

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.

  • Maximum Mortgage Rate With respect to each Adjustable Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Mortgage Rate thereunder.

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by:

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.

  • Adjusted Net Mortgage Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Rate less the Expense Fee Rate.

  • Mortgage Rate The annual rate of interest borne by a Mortgage Note from time to time.

  • Net Mortgage Rate With respect to any Mortgage Loan (or the related REO Property) as of any date of determination, a per annum rate of interest equal to the then applicable Mortgage Rate for such Mortgage Loan minus the Servicing Fee Rate.

  • Adjusted Mortgage Rate As to each Mortgage Loan, and at any time, the per annum rate equal to the Mortgage Rate less the Master Servicing Fee Rate.

  • Maximum Net Mortgage Rate As to any Mortgage Loan and any date of determination, the Maximum Mortgage Rate for such Mortgage Loan minus the per annum rate at which the Servicing Fee is calculated.

  • Weighted Average Pass-Through Rate For any Distribution Date, the weighted average of the Pass-Through Rates on the Mortgage Loans as of the second preceding Due Date (after giving effect to the payments due on the Mortgage Loans on that Due Date).

  • Maximum Lifetime Mortgage Rate The maximum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.[Signature Page Follows]

  • Adjusted Net Maximum Mortgage Rate With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the applicable Maximum Mortgage Rate for such Mortgage Loan (or the Mortgage Rate in the case of any Fixed-Rate Mortgage Loan) as of the first day of the month preceding the month in which the related Distribution Date occurs minus the sum of (i) the Trustee Fee Rate and (ii) the Servicing Fee Rate.

  • Modified Net Mortgage Rate As to any Mortgage Loan that is the subject of a Servicing Modification, the Net Mortgage Rate minus the rate per annum by which the Mortgage Rate on such Mortgage Loan was reduced.

  • Discount Net Mortgage Rate As defined in the Series Supplement.