Pooling and Servicing Agr. btwn Credit Suisse First Boston Mortgage Securities Corp., Wash. Mutual Bank F.A. and Bank One - National Association dated Nov. 1, 1999. 213 pages
Arkansas Pooling and Servicing Agreement: The Arkansas Pooling and Servicing Agreement is a legal contract between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One that governs the pooling and servicing of mortgage-backed securities in the state of Arkansas. This agreement outlines the rights and responsibilities of the parties involved in the securitization process, ensuring efficient management and servicing of mortgage loans. Keywords: Arkansas, Pooling and Servicing Agreement, Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., Bank One, mortgage-backed securities, securitization, management, servicing. Types of Arkansas Pooling and Servicing Agreements: 1. Standard Pooling and Servicing Agreement: This refers to the typical agreement that outlines the general terms and conditions for pooling mortgage loans and their subsequent servicing. It addresses aspects such as payment collection, investor distribution, loan modification procedures, defaults, and foreclosure processes. 2. Amended and Restated Pooling and Servicing Agreement: This type of agreement is an updated version of the original pooling and servicing agreement. It includes revisions or modifications made to the initial terms and conditions to meet changing market conditions or address specific requirements. 3. Collateralized Mortgage Obligation Pooling and Servicing Agreement: This agreement is utilized when the pool of mortgage loans is securitized as collateralized mortgage obligations (CMOs). It outlines the specific terms and conditions for the pooling and servicing of CMOs, including different tranches, principal distributions, interest payments, and other features unique to CMO structures. 4. Government-Sponsored Enterprise Pooling and Servicing Agreement: In the case of mortgage loans guaranteed by government-sponsored enterprises (Uses) such as Fannie Mae or Freddie Mac, this type of agreement is used. It incorporates additional provisions and compliance requirements imposed by the Uses to ensure conformity with their guidelines. 5. Private Label Mortgage-Backed Securities Pooling and Servicing Agreement: This agreement pertains to mortgage loans that are not guaranteed or backed by government agencies or Uses. It includes specific terms and conditions tailored to the private-label securities market, addressing unique features, risk assessments, and investor protection mechanisms. In summary, the Arkansas Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One is a contract governing the pooling and servicing of mortgage-backed securities in Arkansas. Different types of pooling and servicing agreements include standard agreements, amended and restated agreements, collateralized mortgage obligation agreements, government-sponsored enterprise agreements, and private label mortgage-backed securities agreements.
Arkansas Pooling and Servicing Agreement: The Arkansas Pooling and Servicing Agreement is a legal contract between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One that governs the pooling and servicing of mortgage-backed securities in the state of Arkansas. This agreement outlines the rights and responsibilities of the parties involved in the securitization process, ensuring efficient management and servicing of mortgage loans. Keywords: Arkansas, Pooling and Servicing Agreement, Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., Bank One, mortgage-backed securities, securitization, management, servicing. Types of Arkansas Pooling and Servicing Agreements: 1. Standard Pooling and Servicing Agreement: This refers to the typical agreement that outlines the general terms and conditions for pooling mortgage loans and their subsequent servicing. It addresses aspects such as payment collection, investor distribution, loan modification procedures, defaults, and foreclosure processes. 2. Amended and Restated Pooling and Servicing Agreement: This type of agreement is an updated version of the original pooling and servicing agreement. It includes revisions or modifications made to the initial terms and conditions to meet changing market conditions or address specific requirements. 3. Collateralized Mortgage Obligation Pooling and Servicing Agreement: This agreement is utilized when the pool of mortgage loans is securitized as collateralized mortgage obligations (CMOs). It outlines the specific terms and conditions for the pooling and servicing of CMOs, including different tranches, principal distributions, interest payments, and other features unique to CMO structures. 4. Government-Sponsored Enterprise Pooling and Servicing Agreement: In the case of mortgage loans guaranteed by government-sponsored enterprises (Uses) such as Fannie Mae or Freddie Mac, this type of agreement is used. It incorporates additional provisions and compliance requirements imposed by the Uses to ensure conformity with their guidelines. 5. Private Label Mortgage-Backed Securities Pooling and Servicing Agreement: This agreement pertains to mortgage loans that are not guaranteed or backed by government agencies or Uses. It includes specific terms and conditions tailored to the private-label securities market, addressing unique features, risk assessments, and investor protection mechanisms. In summary, the Arkansas Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One is a contract governing the pooling and servicing of mortgage-backed securities in Arkansas. Different types of pooling and servicing agreements include standard agreements, amended and restated agreements, collateralized mortgage obligation agreements, government-sponsored enterprise agreements, and private label mortgage-backed securities agreements.