12 The distinguishing characteristic of non-amortizing contracts is that they allow the borrower to make a lower payment initially compared with, say, a conventional fixed-rate
amortizing mortgage.
The initial five years of the loan will be interest-only and then convert to an
amortizing mortgage over a 30-year schedule.
The new term loan includes two successive one year extension options that will allow the company to further extend the loan until October 2017, and is secured principally by fully
amortizing mortgage notes on various real properties owned by CapLease.
The collateral of the above transactions consists of fixed and hybrid adjustable-rate, 15- to 30-year fully
amortizing mortgage loans secured by first liens on one- to four-family residential properties.
The collateral of the above transactions with 'AR' in the series name generally consists of adjustable-rate, first-lien, fully
amortizing mortgage loans extended to prime borrowers and secured by first-liens on one- to four-family residential properties.
The underlying collateral in this transaction consists of adjustable-rate, fully
amortizing mortgage loans secured by first liens on one- to four-family residential properties.
Planning for the long term, this cooperative chose a 25 year fully
amortizing mortgage which closed at an interest rate of 9.
Loan Group 1 contains 773 loans and consists primarily of 30-year conventional, fully
amortizing mortgage loans totaling $456,238,740 as of the cut-off date, September 1, 2007, secured by first liens on one-to four- family residential properties.
Loan Group 1 consists primarily of 5/1 adjustable rate 30-year fully
amortizing mortgage loans totaling $424,410,105 as of the cut-off date, Sept.
1, 2007, the pool of loans consists of 1,198 recently originated interest only and conventional hybrid, adjustable-rate, fully
amortizing Mortgage Loans secured by first liens in one- to four-family residential real properties.
Loan Group 1 consists primarily of 30-year conventional, fully
amortizing mortgage loans totaling $294,089,792 as of the cut-off date, June 1, 2007, secured by first liens on one- to four-family residential properties.
Loan Group 1 consists primarily of 30-year conventional, fully
amortizing mortgage loans totaling $523,265,632 as of the cut-off date, June 1, 2007, secured by first liens on one-to four- family residential properties.
