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 Massachusetts Granter Trust Agreement is a legally binding document that establishes the terms and conditions under which Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. Collaborate in creating and managing granter trusts in the state of Massachusetts. A granter trust is a type of investment vehicle that allows individuals or entities, called granters, to transfer their assets to a trust while still maintaining control over those assets. The granter retains certain powers and benefits from the trust, such as income generated by the assets or the ability to revoke or amend the trust. In the context of the Massachusetts Granter Trust Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc., there can be various types of granter trusts named based on their specific purpose or scope. Some possible types of granter trusts that may be established under this agreement include: 1. Mortgage-Backed Securities Trust: This type of granter trust involves pooling together mortgage loans and creating mortgage-backed securities. The trust holds the mortgage loans as assets and issues securities backed by the cash flow from those loans. 2. Real Estate Investment Trust (REIT): A granter trust recognized by the Internal Revenue Service (IRS) as a taxable entity that primarily invests in income-generating real estate properties. The trust distributes its income to shareholders in the form of dividends. 3. Collateralized Debt Obligation (CDO) Trust: This type of granter trust holds a diversified pool of debt securities, such as bonds or loans, and issues different classes of securities backed by the cash flows generated by those underlying assets. Investors can purchase different tranches of the CDO securities, which offer varying levels of risk and return. 4. Asset-Backed Securities Trust: In this type of granter trust, the underlying asset pool consists of non-mortgage assets such as auto loans, credit card receivables, or student loans. The trust issues securities backed by the cash flows generated by these assets. The Massachusetts Granter Trust Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. Outlines the roles and responsibilities of the parties involved, including the creation, administration, and termination of various granter trusts. It also addresses matters such as allocation of income and expenses, reporting requirements, default provisions, and dispute resolution mechanisms. It is essential for all parties to carefully review and understand the terms of this agreement before participating in any granter trust activities. Consulting legal and financial professionals is highly recommended ensuring compliance with relevant laws and regulations and to protect the interests of all parties involved.
The Massachusetts Granter Trust Agreement is a legally binding document that establishes the terms and conditions under which Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. Collaborate in creating and managing granter trusts in the state of Massachusetts. A granter trust is a type of investment vehicle that allows individuals or entities, called granters, to transfer their assets to a trust while still maintaining control over those assets. The granter retains certain powers and benefits from the trust, such as income generated by the assets or the ability to revoke or amend the trust. In the context of the Massachusetts Granter Trust Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc., there can be various types of granter trusts named based on their specific purpose or scope. Some possible types of granter trusts that may be established under this agreement include: 1. Mortgage-Backed Securities Trust: This type of granter trust involves pooling together mortgage loans and creating mortgage-backed securities. The trust holds the mortgage loans as assets and issues securities backed by the cash flow from those loans. 2. Real Estate Investment Trust (REIT): A granter trust recognized by the Internal Revenue Service (IRS) as a taxable entity that primarily invests in income-generating real estate properties. The trust distributes its income to shareholders in the form of dividends. 3. Collateralized Debt Obligation (CDO) Trust: This type of granter trust holds a diversified pool of debt securities, such as bonds or loans, and issues different classes of securities backed by the cash flows generated by those underlying assets. Investors can purchase different tranches of the CDO securities, which offer varying levels of risk and return. 4. Asset-Backed Securities Trust: In this type of granter trust, the underlying asset pool consists of non-mortgage assets such as auto loans, credit card receivables, or student loans. The trust issues securities backed by the cash flows generated by these assets. The Massachusetts Granter Trust Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. Outlines the roles and responsibilities of the parties involved, including the creation, administration, and termination of various granter trusts. It also addresses matters such as allocation of income and expenses, reporting requirements, default provisions, and dispute resolution mechanisms. It is essential for all parties to carefully review and understand the terms of this agreement before participating in any granter trust activities. Consulting legal and financial professionals is highly recommended ensuring compliance with relevant laws and regulations and to protect the interests of all parties involved.