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Common use of Negative Amortization Clause in Contracts

Negative Amortization. None of the Mortgage Notes relating to any of the Mortgage Loans provides for negative amortization.

Appears in 12 contracts

Sources: Master Repurchase Agreement (Radian Group Inc), Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Caliber Home Loans, Inc.)

Related Clauses

  • Rapid Amortization Events
  • Expected Amortization Schedule for Principal
  • Early Amortization Events
  • Allocations During the Early Amortization Period
  • Scheduled Payments

Parent Clauses

  • Accounting Procedures
  • Miscellaneous Provisions
  • Mortgage Loan Accounting
  • Amendments
  • Representations and Warranties as to Individual Mortgage Loans

Sub-Clauses

  • Principal Residence
  • Right to Cure First Lien
  • Request for Notice; No Consent Required
  • No Default Under First Lien
  • No Negative Amortization of Related First Lien Loan
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