The North Carolina Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 between Prudential Securities, Inc. (Prudential) and the trust represents a legally binding document that outlines the terms and conditions of their collaboration in underwriting the mortgage loans contained within the trust. This agreement aims to ensure compliance with North Carolina regulations and protect the interests of both parties involved. ABCs Mortgage Loan Trust 1999-4 is a specific mortgage-backed securities trust established in 1999. Under this agreement, Prudential, acting as the underwriter, assumes the responsibility of purchasing a specific amount of mortgage loans from the trust and subsequently selling them to investors. This process enables the trust to raise capital by converting the mortgage loans into tradable securities. The North Carolina Underwriting Agreement entails various important provisions, including the responsibilities and obligations of both ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. These may include details pertaining to the due diligence conducted by Prudential in evaluating the quality of the mortgage loans, the pricing and allocation of these loans to investors, and the disclosure requirements related to the securities being underwritten. Additionally, the North Carolina Underwriting Agreement may specify the compensation structure for Prudential Securities, Inc., which typically involves underwriting fees or commissions based on the volume or value of the mortgage loans underwritten. The document might also outline the terms for potential indemnification or legal recourse in case of any breach of representations or warranties made by either party. Different types or variations of this specific agreement may exist if Prudential Securities, Inc. has underwritten other ABCs Mortgage Loan Trusts for North Carolina-specific mortgage loans. Each agreement would have its own unique set of terms and conditions, tailored to the specific trust and regulatory requirements at that time. In summary, the North Carolina Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a legally binding contract that defines the roles, responsibilities, and obligations of both parties involved in underwriting mortgage loans, with the aim of ensuring compliance with North Carolina regulations and protecting the interests of all stakeholders.