Delaware Sample Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC

• Category: Corporations - Public - Loans
• State: Multi-State
• Control #: US-EG-9375
• Format: Word; Rich Text

Description

Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corporation and Credit Suisse First Boston Mortgage Capital, LLC dated October 11, 1999. 17 pages. Delaware Sample Mortgage Loan Purchase Agreement This Delaware Sample Mortgage Loan Purchase Agreement is entered into between Credit Suisse First Boston Mortgage Securities Corp. (hereinafter referred to as "Seller") and Credit Suisse First Boston Mortgage Capital, LLC (hereinafter referred to as "Purchaser"). 1. Purpose: The purpose of this agreement is to facilitate the purchase and sale of mortgage loans originated by the Seller. 2. Definitions: The agreement includes definitions of various terms used throughout the document, such as "Mortgage Loan," "Purchase Price," "Closing Date," and more. 3. Purchase and Sale of Mortgage Loans: This section outlines the terms and conditions for the purchase and sale of mortgage loans, including the representations and warranties made by the Seller regarding the mortgage loans. 4. Seller's Obligations: The Seller is obligated to provide all necessary documents and information related to the mortgage loans, ensure compliance with applicable laws and regulations, and indemnify the Purchaser against any losses or damages. 5. Purchase Price: This section specifies the calculation and payment of the Purchase Price for the mortgage loans, including any adjustments or deductions. 6. Closing: The Closing Date and procedures for the transfer of the mortgage loans are detailed in this section, along with the obligations of both parties during the closing process. 7. Risk of Loss: The allocation of risk of loss associated with the mortgage loans is addressed in this section, outlining scenarios in which the Seller or Purchaser may bear the financial burden in case of defaults or other losses. 8. Confidentiality: Both parties agree to maintain the confidentiality of sensitive information exchanged during the agreement's execution. 9. Governing Law and Jurisdiction: This section establishes that the agreement will be governed by and interpreted in accordance with the laws of the state of Delaware, and any disputes will be resolved in the appropriate courts of Delaware. 10. Miscellaneous: This section covers various miscellaneous provisions, including the parties' relationship, amendment and waiver provisions, entire agreement clause, and severability clause. Different Types of Delaware Sample Mortgage Loan Purchase Agreements: 1. Non-Recourse Agreement: This type of agreement limits the recourse of the Purchaser to the collateral (mortgage loan) in case of borrower default, thus protecting the Purchaser from personal liability. 2. Recourse Agreement: In contrast to a non-recourse agreement, a recourse agreement allows the Purchaser to seek recourse against the Seller for any losses incurred due to borrower default. 3. Whole Loan Securitization Agreement: This type of agreement involves the purchase and sale of a pool of mortgage loans for the purpose of securitization. It outlines the terms and conditions specific to the securitization process, including the creation of mortgage-backed securities. 4. Forward Flow Agreement: A forward flow agreement establishes an ongoing arrangement between the Seller and Purchaser for the purchase and sale of mortgage loans. It defines the specific terms and conditions for future loan purchases, including frequency, volume, and pricing. It's important to note that the described mortgage loan purchase agreements are hypothetical, and the actual terms and variations may differ. The provided content focuses on general concepts and keywords relevant to a Delaware sample mortgage loan purchase agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC.

Delaware Sample Mortgage Loan Purchase Agreement This Delaware Sample Mortgage Loan Purchase Agreement is entered into between Credit Suisse First Boston Mortgage Securities Corp. (hereinafter referred to as "Seller") and Credit Suisse First Boston Mortgage Capital, LLC (hereinafter referred to as "Purchaser"). 1. Purpose: The purpose of this agreement is to facilitate the purchase and sale of mortgage loans originated by the Seller. 2. Definitions: The agreement includes definitions of various terms used throughout the document, such as "Mortgage Loan," "Purchase Price," "Closing Date," and more. 3. Purchase and Sale of Mortgage Loans: This section outlines the terms and conditions for the purchase and sale of mortgage loans, including the representations and warranties made by the Seller regarding the mortgage loans. 4. Seller's Obligations: The Seller is obligated to provide all necessary documents and information related to the mortgage loans, ensure compliance with applicable laws and regulations, and indemnify the Purchaser against any losses or damages. 5. Purchase Price: This section specifies the calculation and payment of the Purchase Price for the mortgage loans, including any adjustments or deductions. 6. Closing: The Closing Date and procedures for the transfer of the mortgage loans are detailed in this section, along with the obligations of both parties during the closing process. 7. Risk of Loss: The allocation of risk of loss associated with the mortgage loans is addressed in this section, outlining scenarios in which the Seller or Purchaser may bear the financial burden in case of defaults or other losses. 8. Confidentiality: Both parties agree to maintain the confidentiality of sensitive information exchanged during the agreement's execution. 9. Governing Law and Jurisdiction: This section establishes that the agreement will be governed by and interpreted in accordance with the laws of the state of Delaware, and any disputes will be resolved in the appropriate courts of Delaware. 10. Miscellaneous: This section covers various miscellaneous provisions, including the parties' relationship, amendment and waiver provisions, entire agreement clause, and severability clause. Different Types of Delaware Sample Mortgage Loan Purchase Agreements: 1. Non-Recourse Agreement: This type of agreement limits the recourse of the Purchaser to the collateral (mortgage loan) in case of borrower default, thus protecting the Purchaser from personal liability. 2. Recourse Agreement: In contrast to a non-recourse agreement, a recourse agreement allows the Purchaser to seek recourse against the Seller for any losses incurred due to borrower default. 3. Whole Loan Securitization Agreement: This type of agreement involves the purchase and sale of a pool of mortgage loans for the purpose of securitization. It outlines the terms and conditions specific to the securitization process, including the creation of mortgage-backed securities. 4. Forward Flow Agreement: A forward flow agreement establishes an ongoing arrangement between the Seller and Purchaser for the purchase and sale of mortgage loans. It defines the specific terms and conditions for future loan purchases, including frequency, volume, and pricing. It's important to note that the described mortgage loan purchase agreements are hypothetical, and the actual terms and variations may differ. The provided content focuses on general concepts and keywords relevant to a Delaware sample mortgage loan purchase agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC.