Base Offering Circular - Multifamily
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Weighted Average Certificate
Rate ............................................
With respect to designated Ginnie Mae Multifamily
Certificates and a Cut-off Date, the per annum rate of
interest equal to the average, expressed as a percentage, of
the Mortgage Rates of some or all the Mortgage Loans
underlying the Ginnie Mae Multifamily Certificates, less, in
the case of each Mortgage Loan, the applicable servicing fee
and Ginnie Mae Guaranty Fee, weighted on the basis of the
respective current principal balances of such Mortgage
Loans after giving effect to all payments of principal due on
or before the Cut-off Date.
Such average interest rate may be subject to certain
additions, subtractions, multiples, caps, floors and
governors.
Weighted Average Coupon
Class ...........................................
A Class whose Interest Rate is based on the Weighted
Average Certificate Rate of some or all Trust MBS in a
Series (or designated Trust Asset Group or Groups) as
described in the related Offering Circular Supplement.
Weighted Average Mortgage
Interest Rate................................
With respect to designated Ginnie Mae Multifamily
Certificates and a Cut-off Date, the per annum rate of
interest equal to the average, expressed as a percentage of
the Mortgage Rates of all the Mortgage Loans underlying
the Ginnie Mae Multifamily Certificates, weighted on the
basis of the respective current principal balances of those
Mortgage Loans after giving effect to all payments of
principal due on or before the Cut-off Date.
Weighted Average Life ..............
With respect to any Class, the average amount of time (in
years) that will elapse from the date of its issuance until
each dollar of principal has been repaid to the investor,
determined by (a) multiplying the amount of the net
reduction, if any, of the Class Principal Balance (or Class
Notional Balance) of such Class from one Distribution Date
to the next Distribution Date by the number of years from
the Closing Date to such next Distribution Date, (b)
summing the results and (c) dividing the sum by the
aggregate amount of the net reductions of the Class
Principal Balance (or Class Notional Balance) of such Class
referred to in clause (a).