Title: Maryland Sample Mortgage Loan Purchase Agreement: Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC Introduction: The following is a comprehensive description of the Maryland Sample Mortgage Loan Purchase Agreement drafted between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC. This agreement serves as a legally binding document governing the purchase and sale of mortgage loans in Maryland. 1. Agreement Overview: The Maryland Sample Mortgage Loan Purchase Agreement enables the transfer of mortgage loans from Credit Suisse First Boston Mortgage Securities Corp. (Seller) to Credit Suisse First Boston Mortgage Capital, LLC (Purchaser). It outlines the terms, conditions, and responsibilities of both parties involved in the transaction. 2. Parties Involved: a. Credit Suisse First Boston Mortgage Securities Corp. (Seller): The Seller is a leading financial institution that originates, services, and sells mortgage loans. b. Credit Suisse First Boston Mortgage Capital, LLC (Purchaser): The Purchaser is a subsidiary of Credit Suisse First Boston, authorized to buy mortgage loans in Maryland. 3. Key Terms and Conditions: a. Loan Purchase: The agreement details the terms and conditions under which the Purchaser agrees to purchase mortgage loans from the Seller. b. Mortgage Loan Specifications: The agreement outlines the specific requirements and criteria for the mortgage loans being purchased, including loan types, loan amounts, interest rates, and other relevant attributes. c. Mortgage Loan Representations and Warranties: Both parties provide representations and warranties regarding the accuracy and validity of the mortgage loans being sold. d. Purchase Price and Payment Terms: The agreement stipulates the purchase price to be paid by the Purchaser and the agreed-upon payment terms, including any adjustments, fees, or contingency provisions. e. Breach and Default: Provisions regarding breach, default, and remedies available to either party in case of non-compliance are defined in the agreement. f. Indemnification and Liability: The agreement establishes indemnification obligations and liability limits of both the Seller and the Purchaser. 4. Additional Types of Maryland Sample Mortgage Loan Purchase Agreement: While the provided description focuses on the standard Mortgage Loan Purchase Agreement, it's important to note that specific types may exist based on requirements or unique circumstances. They may include: a. Maryland Sample Adjustable-Rate Mortgage Loan Purchase Agreement b. Maryland Sample Conventional Fixed-Rate Mortgage Loan Purchase Agreement c. Maryland Sample Government Insured Mortgage Loan Purchase Agreement Please note that the above types are merely hypothetical and may vary based on the specific offerings of the Seller and the agreement's purpose. Conclusion: The Maryland Sample Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC serves as a template for legally binding transactions involving the purchase and sale of mortgage loans in Maryland. It encompasses various aspects such as loan specifications, representations, warranties, purchase price, payment terms, breach, and default provisions to ensure a smooth and fair transaction between the parties involved.
Maryland Sample Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC
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Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corporation and Credit Suisse First Boston Mortgage Capital, LLC dated October 11, 1999. 17 pages.
Title: Maryland Sample Mortgage Loan Purchase Agreement: Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC Introduction: The following is a comprehensive description of the Maryland Sample Mortgage Loan Purchase Agreement drafted between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC. This agreement serves as a legally binding document governing the purchase and sale of mortgage loans in Maryland. 1. Agreement Overview: The Maryland Sample Mortgage Loan Purchase Agreement enables the transfer of mortgage loans from Credit Suisse First Boston Mortgage Securities Corp. (Seller) to Credit Suisse First Boston Mortgage Capital, LLC (Purchaser). It outlines the terms, conditions, and responsibilities of both parties involved in the transaction. 2. Parties Involved: a. Credit Suisse First Boston Mortgage Securities Corp. (Seller): The Seller is a leading financial institution that originates, services, and sells mortgage loans. b. Credit Suisse First Boston Mortgage Capital, LLC (Purchaser): The Purchaser is a subsidiary of Credit Suisse First Boston, authorized to buy mortgage loans in Maryland. 3. Key Terms and Conditions: a. Loan Purchase: The agreement details the terms and conditions under which the Purchaser agrees to purchase mortgage loans from the Seller. b. Mortgage Loan Specifications: The agreement outlines the specific requirements and criteria for the mortgage loans being purchased, including loan types, loan amounts, interest rates, and other relevant attributes. c. Mortgage Loan Representations and Warranties: Both parties provide representations and warranties regarding the accuracy and validity of the mortgage loans being sold. d. Purchase Price and Payment Terms: The agreement stipulates the purchase price to be paid by the Purchaser and the agreed-upon payment terms, including any adjustments, fees, or contingency provisions. e. Breach and Default: Provisions regarding breach, default, and remedies available to either party in case of non-compliance are defined in the agreement. f. Indemnification and Liability: The agreement establishes indemnification obligations and liability limits of both the Seller and the Purchaser. 4. Additional Types of Maryland Sample Mortgage Loan Purchase Agreement: While the provided description focuses on the standard Mortgage Loan Purchase Agreement, it's important to note that specific types may exist based on requirements or unique circumstances. They may include: a. Maryland Sample Adjustable-Rate Mortgage Loan Purchase Agreement b. Maryland Sample Conventional Fixed-Rate Mortgage Loan Purchase Agreement c. Maryland Sample Government Insured Mortgage Loan Purchase Agreement Please note that the above types are merely hypothetical and may vary based on the specific offerings of the Seller and the agreement's purpose. Conclusion: The Maryland Sample Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC serves as a template for legally binding transactions involving the purchase and sale of mortgage loans in Maryland. It encompasses various aspects such as loan specifications, representations, warranties, purchase price, payment terms, breach, and default provisions to ensure a smooth and fair transaction between the parties involved.
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