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Alaska Pooling and Servicing Agreement between Greenpoint Credit, LLC and Bank One, National Association

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US-EG-9195
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Pooling and Servicing Agreement between Greenpoint Credit, LLC and Bank One, National Association dated December 1, 1999. 112 pages

Alaska Pooling and Servicing Agreement (PSA) is a legally binding contract between two entities, Green point Credit, LLC and Bank One, National Association. This agreement primarily governs the pooling and servicing of mortgage loans. The Alaska PSA between Green point Credit, LLC and Bank One, National Association ensures that all mortgage loans are properly bundled together and sold to investors as a mortgage-backed security (MBS). This pooling mechanism allows for greater liquidity and risk diversification in the mortgage market. The PSA outlines the responsibilities and obligations of both parties involved. Green point Credit, LLC, as the originating party, agrees to transfer the mortgage loans to Bank One, National Association. In return, Bank One, National Association assumes the role of the service, responsible for collecting mortgage payments from borrowers. The PSA establishes the guidelines for the management and servicing of the mortgage loans. It stipulates the procedure for the allocation of collected mortgage payments to investors who own the MBS. The agreement also ensures that Bank One, National Association handles any delinquencies, foreclosures, or modifications within the specified guidelines. Various types of Alaska Pooling and Servicing Agreements may exist between Green point Credit, LLC and Bank One, National Association, depending on specific loan types or risk profiles. Some notable variations could include: 1. Fixed-rate mortgage PSA: This agreement focuses on pooling and servicing fixed-rate mortgage loans. It outlines the terms and conditions specific to these loans, such as interest rates and payment schedules. 2. Adjustable-rate mortgage (ARM) PSA: This type of agreement is designed for pooling and servicing adjustable-rate mortgage loans. It addresses the unique characteristics of ARM's, including interest rate adjustments and potential fluctuations in payments. 3. Jumbo mortgage PSA: In cases where larger mortgage loans are involved, a jumbo mortgage PSA would be relevant. It considers specific aspects related to high-value loans, ensuring adequate risk assessment and mitigation. 4. Government-backed mortgage PSA: For loans backed by government entities like the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA), a specialized PSA may be required. It incorporates the specific rules and regulations associated with these types of mortgages. These are a few examples of potential variations within the Alaska Pooling and Servicing Agreement framework between Green point Credit, LLC and Bank One, National Association. Each agreement is tailored to the specific characteristics and requirements of the mortgage loans involved, providing a comprehensive framework for their pooling, servicing, and subsequent investor distribution.

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What is a Pooling Agreement? A pooling agreement is a type of contract where corporate shareholders create a voting trust by pooling their voting rights and transferring them to a trustee. This is also called a voting agreement or shareholder-control agreement since it is used to control the affairs of the corporation. Pooling Agreement: Definition & Sample - Contracts Counsel contractscounsel.com ? pooling-agreement contractscounsel.com ? pooling-agreement

PSA is used primarily to derive an implied prepayment speed of new production loans. 00% PSA assumes a prepayment rate of 2% per month in the first month following the date of issue, increasing at 2% percentage points per month thereafter until the 30th month. PSA Prepayment Rate Definition - Nasdaq nasdaq.com ? glossary ? psa-prepayment-rate nasdaq.com ? glossary ? psa-prepayment-rate

An MBS is made up of a pool of mortgages purchased from issuing banks and then sold to investors. An MBS allows investors to benefit from the mortgage business without needing to buy or sell home loans themselves. What Are Mortgage-Backed Securities? rocketmortgage.com ? learn ? mortgage-bac... rocketmortgage.com ? learn ? mortgage-bac...

The ?Pooling and Servicing Agreement? is the legal document that contains the responsibilities and rights of the servicer, the trustee, and others over a pool of mortgage loans.

A mortgage pool is a group of home and other real estate loans that have been bundled so they can be sold. A mortgage pool is a group of home and other real estate loans that have been bundled so they can be sold. What Is a Mortgage Pool? - The Balance thebalancemoney.com ? what-is-a-mortgage... thebalancemoney.com ? what-is-a-mortgage...

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Be sure the form meets all the necessary state requirements. If possible preview it and read the description prior to buying it. Hit Buy Now. Select the ... Subservicing; Enforcement of the Obligations of Subservicers. 95. SECTION 3.03. Master Servicing by Master Servicer of GreenPoint Serviced. Mortgage Loans, SPS ...Nassau New York Pooling and Servicing Agreement (PSA) is a legal contract that outlines the terms and conditions of the pooling and servicing of mortgage loans ... This Pooling and Servicing Agreement (this “Agreement”), is dated and effective as of June 1, 2012, among RBS COMMERCIAL FUNDING INC., as Depositor, WELLS FARGO ... Apr 3, 2017 — v. GreenPoint Mortgage Funding, Inc. Plaintiff Trustee U.S. Bank National Association, on behalf of the Lehman XS Trust, Series 2006-GP2 (“GP2“) ... ... by the seller for conformity with the delivery requirements of the pooling and servicing agreement. This process is called ``certification.'' If a seller ... Sellers are seeking the consent of Freddie Mac to the transfer of Seller's servicing to Purchaser. In addition to the general requirements for this transfer ... The successor special servicer will be selected pursuant to the applicable pooling and servicing agreement by the related directing holder prior to a control ... As provided herein, the Trustee will make multiple elections to treat segregated pools of assets subject to this Agreement for federal income tax purposes ( ... Mar 20, 2015 — Defendant HSBC Bank USA, National Association, is a national banking ... agreement called a Pooling and Servicing Agreement ("PSA") and certain ...

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Alaska Pooling and Servicing Agreement between Greenpoint Credit, LLC and Bank One, National Association