Pooling and Servicing Agr. btwn IMPAC Secured Assets Corporation, IMAC Funding Corporation and Northwest Bank Minnesota, National Association dated Dec. 1, 1999. 142 pages
A Missouri Pooling and Servicing Agreement refers to a contractual agreement between three parties: IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. This agreement entails the pooling and servicing of certain mortgage loans or other financial assets. The Missouri Pooling and Servicing Agreement outlines the terms and conditions under which the involved parties cooperate to manage the pooled assets, including the collection and distribution of payments from the borrowers. It establishes the roles and responsibilities of each entity, ensuring a smooth and efficient operation of the pooled assets. There may be different types of Missouri Pooling and Servicing Agreements between these entities, which may vary depending on several factors, such as the type of assets being pooled, the duration of the agreement, or the specific terms negotiated among the parties. Some possible variations or types of Missouri Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. May include: 1. Residential Mortgage Pooling and Servicing Agreement: This type of agreement focuses on the pooling and servicing of residential mortgage loans, where the pooled assets consist of mortgages issued to individual homeowners or real estate investors. 2. Commercial Mortgage Pooling and Servicing Agreement: In this type of agreement, the focus shifts to commercial mortgage loans, involving assets related to properties used for business purposes. These could be office buildings, retail spaces, warehouses, or industrial facilities, among others. 3. Asset-Backed Securities Pooling and Servicing Agreement: This agreement might involve the pooling and servicing of financial assets that are securitized and sold as asset-backed securities. These financial assets can include auto loans, student loans, credit card receivables, or other types of structured debt instruments. 4. Collateralized Loan Obligation (CIO) Pooling and Servicing Agreement: This type of agreement pertains to the pooling and servicing of corporate loans, where the assets are predominantly loans extended to companies. Close are often utilized by institutional investors looking to diversify their portfolios and potentially earn higher yields. It is important to note that the exact terms, conditions, and variations of the Missouri Pooling and Servicing Agreement will depend on the specific agreement negotiated by the parties involved.
A Missouri Pooling and Servicing Agreement refers to a contractual agreement between three parties: IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. This agreement entails the pooling and servicing of certain mortgage loans or other financial assets. The Missouri Pooling and Servicing Agreement outlines the terms and conditions under which the involved parties cooperate to manage the pooled assets, including the collection and distribution of payments from the borrowers. It establishes the roles and responsibilities of each entity, ensuring a smooth and efficient operation of the pooled assets. There may be different types of Missouri Pooling and Servicing Agreements between these entities, which may vary depending on several factors, such as the type of assets being pooled, the duration of the agreement, or the specific terms negotiated among the parties. Some possible variations or types of Missouri Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. May include: 1. Residential Mortgage Pooling and Servicing Agreement: This type of agreement focuses on the pooling and servicing of residential mortgage loans, where the pooled assets consist of mortgages issued to individual homeowners or real estate investors. 2. Commercial Mortgage Pooling and Servicing Agreement: In this type of agreement, the focus shifts to commercial mortgage loans, involving assets related to properties used for business purposes. These could be office buildings, retail spaces, warehouses, or industrial facilities, among others. 3. Asset-Backed Securities Pooling and Servicing Agreement: This agreement might involve the pooling and servicing of financial assets that are securitized and sold as asset-backed securities. These financial assets can include auto loans, student loans, credit card receivables, or other types of structured debt instruments. 4. Collateralized Loan Obligation (CIO) Pooling and Servicing Agreement: This type of agreement pertains to the pooling and servicing of corporate loans, where the assets are predominantly loans extended to companies. Close are often utilized by institutional investors looking to diversify their portfolios and potentially earn higher yields. It is important to note that the exact terms, conditions, and variations of the Missouri Pooling and Servicing Agreement will depend on the specific agreement negotiated by the parties involved.