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
Guam Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One is a contractual agreement that involves the pooling and servicing of mortgage-backed securities (MBS) related to properties located in Guam. This agreement outlines the rights, responsibilities, and obligations of the involved parties in managing these MBS. As a pooling agreement, it allows the three entities to merge many individual mortgage loans into a single investment pool. By combining these loans, the risk is diversified and investors can have exposure to a broader range of mortgage assets. This pooling mechanism enables the creation of mortgage-backed securities, which can then be sold to investors in the secondary market. The servicing aspect of the agreement refers to the management and administration of the mortgage pool. Washington Mutual Bank F.A. and Bank One are responsible for servicing the mortgage loans, which involves collecting monthly payments from borrowers, handling escrow accounts, and managing any delinquencies or defaults. They also ensure that the investors receive timely payments of principal and interest from the mortgage pool. Credit Suisse First Boston Mortgage Securities Corp., as the lead entity in this agreement, provides the necessary resources and expertise in structuring the MBS and overseeing the overall pooling and servicing operations. They may act as the trustee or custodian of the mortgage pool, ensuring compliance with legal requirements and investor protection. It's important to note that while there might not be different types of Guam Pooling and Servicing Agreement between these three entities specifically, variations of such agreements can exist depending on the specific terms, conditions, and underlying mortgage assets. Factors like loan types, credit quality, geographic locations, and other characteristics of the mortgage loans being pooled can influence the specifics of each agreement. Keywords: Guam Pooling and Servicing Agreement, Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., Bank One, mortgage-backed securities, MBS, pooling, servicing, investment pool, secondary market, servicing rights, delinquencies, defaults, lead entity, trustee, custodian, compliance, investor protection.
Guam Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One is a contractual agreement that involves the pooling and servicing of mortgage-backed securities (MBS) related to properties located in Guam. This agreement outlines the rights, responsibilities, and obligations of the involved parties in managing these MBS. As a pooling agreement, it allows the three entities to merge many individual mortgage loans into a single investment pool. By combining these loans, the risk is diversified and investors can have exposure to a broader range of mortgage assets. This pooling mechanism enables the creation of mortgage-backed securities, which can then be sold to investors in the secondary market. The servicing aspect of the agreement refers to the management and administration of the mortgage pool. Washington Mutual Bank F.A. and Bank One are responsible for servicing the mortgage loans, which involves collecting monthly payments from borrowers, handling escrow accounts, and managing any delinquencies or defaults. They also ensure that the investors receive timely payments of principal and interest from the mortgage pool. Credit Suisse First Boston Mortgage Securities Corp., as the lead entity in this agreement, provides the necessary resources and expertise in structuring the MBS and overseeing the overall pooling and servicing operations. They may act as the trustee or custodian of the mortgage pool, ensuring compliance with legal requirements and investor protection. It's important to note that while there might not be different types of Guam Pooling and Servicing Agreement between these three entities specifically, variations of such agreements can exist depending on the specific terms, conditions, and underlying mortgage assets. Factors like loan types, credit quality, geographic locations, and other characteristics of the mortgage loans being pooled can influence the specifics of each agreement. Keywords: Guam Pooling and Servicing Agreement, Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., Bank One, mortgage-backed securities, MBS, pooling, servicing, investment pool, secondary market, servicing rights, delinquencies, defaults, lead entity, trustee, custodian, compliance, investor protection.