Par Percentage

Par Percentage. Means, with respect to each Mortgage Loan, the following percentage, as applicable: (a) with respect to Purchased Mortgage Loans that are Sub-Prime Mortgage Loans, Second Lien Mortgage Loans or HELOCs (other than Aged Loans), 99%; or (b) with respect to Purchased Mortgage Loans that are Aged Loans, 90%; or (c) with respect to Transactions the subject of which are Exception Mortgage Loans, a percentage to be determined by Buyer in its sole discretion.

Par Percentage. In the case of Mortgage Loans that are: (a) High Purchase Price Mortgage Loans, 100%; (b) Medium Purchase Price Mortgage Loans, 98%; (c) Low Purchase Price Mortgage Loans, 96%; (d) Portfolio Second Lien Mortgage Loans, 90%; (e) Delinquent Mortgage Loans; 85%; and (f) Exception... Mortgage Loans, a percentage to be determined by Buyer in its sole discretion. View More