mortgage loan


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Synonyms for mortgage loan

a loan on real estate that is usually secured by a mortgage

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The mortgage loans consist of fixed and adjustable rate closed-end subprime mortgage loans that are secured by first and second liens on one- to four-family residential properties.
The underlying collateral for these transactions consists of mortgage loans insured by the Federal Housing Administration (FHA) and partially guaranteed by the Department of Veterans Affairs (VA) or the Rural Housing Service (RHS).
As previously discussed in connection with the Company's restatement, the Company had decided to reverse the mortgage loan transfers that involved the generally contemporaneous purchase and sale of mortgage loans from and to other local financial institutions, where the amounts purchased and sold, and other terms of the transactions, were similar.
As a result, Doral Financial will no longer pay Westernbank a floating pass-through rate, which as of the date of the agreement, exceeded the weighted average coupon with respect to certain mortgage loan pools.
As of the February 2006 distribution date, the transactions are seasoned from a range of 16 to 66 months, and the pool factors (current mortgage loan principal outstanding as a percentage of the initial pool) range from approximately 6% (series 2001-4 Group 2) to 57% (series 2004-6).
Group 1 consists of 832 conventional, hybrid adjustable-rate mortgage loans secured by first liens on one to four family residential properties, all of which have original terms to maturity of approximately 30 years.
Group II will consist of 1,580 mortgage loans that have original balances that conform to Fannie Mae and/or Freddie Mac guidelines.
Group II will consist of 3,612 mortgage loans that have original balances that may or may not conform to Fannie Mae or Freddie Mac guidelines.
None of the mortgage loans were subject to the Home Ownership and Equity Protection Act of 1994.
Group II will consist of 640 mortgage loans that have original balances that conform to Freddie Mac guidelines.
Group II will consist of 1,653 mortgage loans that have original balances that conform to Freddie Mac guidelines.
Each of the senior certificates generally receives distributions based on principal and interest collected from mortgage loans in its corresponding mortgage pool.
Group I will consist of 1,338 mortgage loans that have original principal balances that conform to Fannie Mae or Freddie Mac guidelines.
As of the cut-off date (June 1, 2006), the mortgage pool consists of 1328 conventional, fully amortizing, 30-year fixed-rate mortgage loans secured by first liens on one- to four-family residential properties with an aggregate principal balance of approximately $ 678,078,630.
The certificates generally receive distributions based on collections on the mortgage loans in the corresponding loan group or loan groups.
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