Connecticut Pooling and Servicing Agreement is a legal and contractual arrangement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. The agreement governs the pooling and servicing of mortgage loans in the state of Connecticut. It outlines the rights, responsibilities, and obligations of each party involved in the mortgage loan pooling and servicing process. Keywords: Connecticut Pooling and Servicing Agreement, IMPACT Secured Assets Corp., iMac Funding Corp., Northwest Bank Minnesota, National Assoc., mortgage loans, pooling, servicing, rights, responsibilities, obligations. There are no specific variations or types mentioned for the Connecticut Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. However, it is important to note that the agreement may be customized and tailored based on the specific requirements and circumstances of each pooling and servicing arrangement. This Agreement typically covers various aspects related to the handling and management of mortgage loans. It includes details about loan origination, loan transfer, loan servicing rights, loan payment collection, payment distribution, escrow account management, default management, foreclosure procedures, and other relevant operational and legal procedures. The Connecticut Pooling and Servicing Agreement ensures compliance with state and federal laws, regulations, and industry standards. It establishes the roles and responsibilities of each party involved, such as the mortgage originator, the service, and the trustee. It also defines the guidelines for ensuring accurate record-keeping, reporting, and auditing of the pooled mortgage loans. This Agreement provides clarity on the rights and obligations of the mortgage investors, including the distribution of principal and interest payments, allocation of losses, and resolution of disputes. It also outlines the remedies available to each party in case of default or breach of contract. The Connecticut Pooling and Servicing Agreement aims to protect the interests of all parties involved in the pooling and servicing of mortgage loans. It establishes a framework for efficient and transparent loan management, ensuring the smooth functioning of mortgage-backed securities transactions. In summary, the Connecticut Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Is a crucial document that governs the pooling and servicing of mortgage loans in Connecticut. It ensures compliance with applicable laws and regulations, defines the responsibilities of each party involved, and outlines the operational and legal procedures for managing the pooled mortgage loans effectively.
Connecticut Pooling and Servicing Agreement between IMPAC Secured Assets Corp., IMAC Funding Corp. and Northwest Bank Minnesota, National Assoc.
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