Florida Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 is a legally binding contract between ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. This agreement outlines the terms and conditions of the underwriting process for the mortgage loans held by ABCs Mortgage Loan Trust 1999-4, which are being sold to investors through the expertise and services of Prudential Securities, Inc. The purpose of the Florida Underwriting Agreement is to establish the responsibilities and obligations of both parties involved in the underwriting process. It sets forth the specific terms under which Prudential Securities, Inc. agrees to purchase and distribute the mortgage loans to investors. The agreement ensures transparency, accountability, and legal compliance throughout the entire underwriting process. Key elements of the Florida Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. typically include the following: 1. Parties Involved: The agreement clearly identifies ABCs Mortgage Loan Trust 1999-4 as the seller of the mortgage loans and Prudential Securities, Inc. as the underwriter responsible for distributing the loans to investors. 2. Mortgage Loan Details: The agreement provides comprehensive information about the mortgage loans held by ABCs Mortgage Loan Trust 1999-4, including their types, amounts, rates, maturities, and any special terms or conditions. 3. Underwriting Process: It outlines the specific procedures that Prudential Securities, Inc. will follow to underwrite and evaluate the mortgage loans. This may include due diligence, credit analysis, documentation review, and other necessary steps. 4. Purchase Price and Terms: The agreement specifies the purchase price that Prudential Securities, Inc. will pay for the mortgage loans and the terms of payment. It may include provisions for adjustments, reimbursements, or any other financial arrangements. 5. Representations and Warranties: Both parties make specific representations and warranties regarding the accuracy of the information provided, the legality of the transaction, and the conformity to applicable laws and regulations. 6. Indemnification and Liability: The agreement establishes the liability of each party in case of any misrepresentations, breaches, or legal disputes. It may include provisions for indemnification and limitations of liability. 7. Termination and Survival: Conditions under which the agreement can be terminated by either party and the survival of certain provisions beyond termination are addressed in this section. While there may not be different types of Florida Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc., variations in terms and conditions can be negotiated depending on the specific needs and circumstances of the parties involved. In conclusion, the Florida Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a legally binding document that establishes the terms and conditions of the underwriting process for mortgage loans. This agreement ensures transparency, compliance, and protection for both ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. throughout the underwriting process.
Florida Underwriting Agreement of ABFS Mortgage Loan Trust 1999-4 and Prudential Securities, Inc.
State:
Multi-State
Control #:
US-EG-9057
Format:
Word;
Rich Text
Instant download
Description
Underwriting Agreement of ABFS Mortgage Loan Trust 1999-4 and Prudential Securities Incorporation dated October 21, 1999. 20 pages
Florida Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 is a legally binding contract between ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. This agreement outlines the terms and conditions of the underwriting process for the mortgage loans held by ABCs Mortgage Loan Trust 1999-4, which are being sold to investors through the expertise and services of Prudential Securities, Inc. The purpose of the Florida Underwriting Agreement is to establish the responsibilities and obligations of both parties involved in the underwriting process. It sets forth the specific terms under which Prudential Securities, Inc. agrees to purchase and distribute the mortgage loans to investors. The agreement ensures transparency, accountability, and legal compliance throughout the entire underwriting process. Key elements of the Florida Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. typically include the following: 1. Parties Involved: The agreement clearly identifies ABCs Mortgage Loan Trust 1999-4 as the seller of the mortgage loans and Prudential Securities, Inc. as the underwriter responsible for distributing the loans to investors. 2. Mortgage Loan Details: The agreement provides comprehensive information about the mortgage loans held by ABCs Mortgage Loan Trust 1999-4, including their types, amounts, rates, maturities, and any special terms or conditions. 3. Underwriting Process: It outlines the specific procedures that Prudential Securities, Inc. will follow to underwrite and evaluate the mortgage loans. This may include due diligence, credit analysis, documentation review, and other necessary steps. 4. Purchase Price and Terms: The agreement specifies the purchase price that Prudential Securities, Inc. will pay for the mortgage loans and the terms of payment. It may include provisions for adjustments, reimbursements, or any other financial arrangements. 5. Representations and Warranties: Both parties make specific representations and warranties regarding the accuracy of the information provided, the legality of the transaction, and the conformity to applicable laws and regulations. 6. Indemnification and Liability: The agreement establishes the liability of each party in case of any misrepresentations, breaches, or legal disputes. It may include provisions for indemnification and limitations of liability. 7. Termination and Survival: Conditions under which the agreement can be terminated by either party and the survival of certain provisions beyond termination are addressed in this section. While there may not be different types of Florida Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc., variations in terms and conditions can be negotiated depending on the specific needs and circumstances of the parties involved. In conclusion, the Florida Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a legally binding document that establishes the terms and conditions of the underwriting process for mortgage loans. This agreement ensures transparency, compliance, and protection for both ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. throughout the underwriting process.
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