Indiana Grantor Trust Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA and Bank One, National Assoc.

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9082
• Format: Word; Rich Text

Description

Grantor Trust Agr. btwn Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA and Bank One, National Association dated Nov. 1, 1999. 47 pages The Indiana Granter Trust Agreement, involving Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc., is a legally binding agreement that outlines the terms and conditions for the creation and management of a trust in the state of Indiana. The agreement is established to facilitate the transfer and securitization of mortgage loans. The primary purpose of the Indiana Granter Trust Agreement is to pool mortgage loans held by Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc., into a trust. By doing so, these financial institutions can convert the mortgages into tradable securities, known as mortgage-backed securities (MBS). The MBS can then be sold to investors, ensuring liquidity for the originating institutions. The Indiana Granter Trust Agreement typically contains provisions that specify the responsibilities and obligations of each party involved. For instance, it outlines the criteria for the selection and transfer of mortgage loans into the trust, ensuring compliance with applicable laws and regulations. The agreement also establishes the rights and duties of the trustee, who is responsible for managing the trust, administering payments, and ensuring proper distribution of income among investors. There may be different types of Indiana Granter Trust Agreements between these entities, depending on various factors such as the specific mortgage loans involved, the nature of the trust, and the desired structure for securitization. For example, the agreement may vary based on whether the mortgage loans are prime or subprime, fixed or adjustable-rate, residential or commercial, or whether they adhere to certain underwriting standards. Furthermore, the agreement may outline the cash flow waterfall, which defines the order of priority for distributing principal and interest payments to investors. It may also include provisions related to the servicing of mortgage loans, including the responsibilities of the service regarding collection, foreclosure proceedings, and the administration of escrow accounts. In summary, the Indiana Granter Trust Agreement is a crucial instrument that enables Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. To securitize their mortgage loans, thereby enhancing liquidity in the market. These agreements may vary in structure and terms, depending on the unique characteristics and objectives of each mortgage loan pool.

The Indiana Granter Trust Agreement, involving Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc., is a legally binding agreement that outlines the terms and conditions for the creation and management of a trust in the state of Indiana. The agreement is established to facilitate the transfer and securitization of mortgage loans. The primary purpose of the Indiana Granter Trust Agreement is to pool mortgage loans held by Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc., into a trust. By doing so, these financial institutions can convert the mortgages into tradable securities, known as mortgage-backed securities (MBS). The MBS can then be sold to investors, ensuring liquidity for the originating institutions. The Indiana Granter Trust Agreement typically contains provisions that specify the responsibilities and obligations of each party involved. For instance, it outlines the criteria for the selection and transfer of mortgage loans into the trust, ensuring compliance with applicable laws and regulations. The agreement also establishes the rights and duties of the trustee, who is responsible for managing the trust, administering payments, and ensuring proper distribution of income among investors. There may be different types of Indiana Granter Trust Agreements between these entities, depending on various factors such as the specific mortgage loans involved, the nature of the trust, and the desired structure for securitization. For example, the agreement may vary based on whether the mortgage loans are prime or subprime, fixed or adjustable-rate, residential or commercial, or whether they adhere to certain underwriting standards. Furthermore, the agreement may outline the cash flow waterfall, which defines the order of priority for distributing principal and interest payments to investors. It may also include provisions related to the servicing of mortgage loans, including the responsibilities of the service regarding collection, foreclosure proceedings, and the administration of escrow accounts. In summary, the Indiana Granter Trust Agreement is a crucial instrument that enables Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. To securitize their mortgage loans, thereby enhancing liquidity in the market. These agreements may vary in structure and terms, depending on the unique characteristics and objectives of each mortgage loan pool.