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If a mortgage loan seller discovers or has been notified of a material breach of any of its representations and warranties or a material defect in the documentation of any mortgage loan as described under "Description of the Mortgage Pool-Representations and Warranties" in this prospectus supplement, then that mortgage loan seller will be required (or, in the case of mortgage loans sold by Basis Real estate capital ii, LLC, Basis Investment Group LLC will be required, or, in the case.
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The net effect is that in just over a year typical mortgage rates have gone from closer to 1 per cent to closer to 2 per cent, an effective doubling. You ain’t seen nothing yet. The natural question then is – how high can SIBOR and hence mortgage rates go? If history is any guide, much, much higher.
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