Net Mortgage Rate

Example Definitions of "Net Mortgage Rate"
Net Mortgage Rate. As to each Mortgage Loan, and at any time, the per annum rate equal to the Mortgage Rate less the sum of (i) the related Servicing Fee Rate and (ii) the rate at which the LPMI Fee is calculated.
Found in BEAR STEARNS ASSET BACKED SECURITIES INC contract
Net Mortgage Rate. As to each Mortgage Loan, and at any time, the per annum rate equal to the Mortgage Rate less the sum of (i) the related Servicing Fee Rate, (ii) the Master Servicing Fee Rate and (ii) (iii) the rate at which the LPMI Fee is calculated.
Found in BEAR STEARNS ASSET BACKED SECURITIES INC contract
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