Pooling and Servicing Agr. btwn IMPAC Secured Assets Corporation, IMAC Funding Corporation and Northwest Bank Minnesota, National Association dated Dec. 1, 1999. 142 pages
Hawaii Pooling and Servicing Agreement (PSA) is a legal contract that outlines the terms and conditions for the pooling of mortgage loans and the servicing of those loans by IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. The agreement serves as a framework for the securitization process, where a pool of mortgage loans is bundled together and sold as a mortgage-backed security to investors. The PSA defines the roles, responsibilities, rights, and obligations of all parties involved in the securitization transaction. Keywords: Hawaii Pooling and Servicing Agreement, IMPACT Secured Assets Corp., iMac Funding Corp., Northwest Bank Minnesota, National Assoc., securitization, mortgage loans, mortgage-backed security. Different types of Hawaii Pooling and Servicing Agreements may exist depending on the specific characteristics and requirements of the mortgage loans being securitized. These variations can include differences in loan types (such as residential or commercial), geographic location (specific to Hawaii or other regions), or other specific terms necessary to meet the needs of the transaction parties. For example, a Hawaii Pooling and Servicing Agreement for residential mortgage loans in the state of Hawaii may have specific provisions related to local regulations, insurance requirements, or borrower qualifications. On the other hand, a commercial mortgage securitization agreement may focus on different risk factors and financial considerations. In summary, the Hawaii Pooling and Servicing Agreement is a crucial legal document that governs the securitization and servicing of mortgage loans by IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Its purpose is to establish the rights and responsibilities of all parties involved in the securitization transaction while considering various factors specific to the type of mortgage loans being pooled.
Hawaii Pooling and Servicing Agreement (PSA) is a legal contract that outlines the terms and conditions for the pooling of mortgage loans and the servicing of those loans by IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. The agreement serves as a framework for the securitization process, where a pool of mortgage loans is bundled together and sold as a mortgage-backed security to investors. The PSA defines the roles, responsibilities, rights, and obligations of all parties involved in the securitization transaction. Keywords: Hawaii Pooling and Servicing Agreement, IMPACT Secured Assets Corp., iMac Funding Corp., Northwest Bank Minnesota, National Assoc., securitization, mortgage loans, mortgage-backed security. Different types of Hawaii Pooling and Servicing Agreements may exist depending on the specific characteristics and requirements of the mortgage loans being securitized. These variations can include differences in loan types (such as residential or commercial), geographic location (specific to Hawaii or other regions), or other specific terms necessary to meet the needs of the transaction parties. For example, a Hawaii Pooling and Servicing Agreement for residential mortgage loans in the state of Hawaii may have specific provisions related to local regulations, insurance requirements, or borrower qualifications. On the other hand, a commercial mortgage securitization agreement may focus on different risk factors and financial considerations. In summary, the Hawaii Pooling and Servicing Agreement is a crucial legal document that governs the securitization and servicing of mortgage loans by IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Its purpose is to establish the rights and responsibilities of all parties involved in the securitization transaction while considering various factors specific to the type of mortgage loans being pooled.