principal balance


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principal balance

That portion of the original loan amount which remains unpaid. It does not include accrued interest or fees.

References in periodicals archive ?
The rated certificates are secured by 2,115 fixed and variable rate mortgage loans with an approximate initial principal balance of $1,138,319,146.
Such policy will cover losses on the mortgage loans to the extent that such losses exceed 4% of the aggregate outstanding principal balance of the mortgage loans as of the cut-off date, up to a limit of 8.
5 percent of the Class A principal balance and 90 percent of the Class B principal balance.
For the purposes of the exchanges and the calculation of the principal balance of any class of Exchangeable Initial Certificates, to the extent that exchanges of Exchangeable Initial Certificates for Exchangeable Certificates occur, the aggregate principal balance of the Exchangeable Initial Certificates will be deemed to include the principal balance (or notional amount, as applicable) of such Exchangeable Certificates issued in the exchange, and the principal balance (or notional amount, as applicable) of such Exchangeable Certificates will be deemed to be zero.
The trust consists of 1,159 first-lien residential mortgage loans with stated maturity of not more than 30 years with an aggregate principal balance of $450,014,110 as of the cut-off date, Jan.
The aggregate principal balance of this group is $657,998,636 and the average principal balance as of the cut-off date is $790,864.
The cumulative loss to date as a percentage of the original principal balance is approximately 0.
The aggregate unpaid principal balance is $758,117,300 as of Nov.
The Pool I mortgage loans had an aggregate principal balance of $167,725,366 as of the cut-off date, Nov.
The Pool I mortgage loans had an aggregate principal balance of $547,506,655 as of the cut-off date, October 1, 2006.
The Pool I mortgage loans had an aggregate principal balance of $63,959,159 as of the cut-off date, October 1, 2006.
The Group I mortgage loans had an aggregate principal balance of $155,545,644 as of the cut-off date, Sept.

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