A North Dakota Pooling and Servicing Agreement is a legal contract between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc., that outlines the terms and conditions for pooling and servicing mortgage loans. In this agreement, the parties involved collaborate to create a mortgage-backed security (MBS) by combining a pool of individual loans and then selling interests in that pool to investors. Keywords: North Dakota Pooling and Servicing Agreement, IMPACT Secured Assets Corp., iMac Funding Corp., Northwest Bank Minnesota, National Assoc., mortgage loans, mortgage-backed security, pooling, servicing, investors. Types of North Dakota Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc.: 1. First Lien Pooling and Servicing Agreement: This type of agreement involves the pooling and servicing of first-lien mortgage loans. These loans are typically secured by residential properties, and the agreement specifies the responsibilities and rights of each party involved in managing and servicing the loans. 2. Second Lien Pooling and Servicing Agreement: This agreement pertains to the pooling and servicing of second-lien mortgage loans. Second-lien loans are subordinate to first-lien loans and may be used for various purposes, such as home improvement or debt consolidation. The agreement outlines the terms for managing and servicing these loans and the rights and obligations of the parties involved. 3. Commercial Pooling and Servicing Agreement: This type of agreement focuses on the pooling and servicing of commercial mortgage loans. Commercial loans are used for real estate properties intended for commercial purposes, such as offices, retail spaces, or industrial buildings. The agreement details how these loans are managed and serviced, including the allocation of payments, reporting requirements, and resolution of delinquent loans. 4. Residential Pooling and Servicing Agreement: This agreement applies specifically to the pooling and servicing of residential mortgage loans. It encompasses loans secured by single-family homes, condominiums, townhouses, or multi-unit properties. The agreement specifies the terms for the servicing and administration of these loans, including procedures for loan payments, escrow accounts, and default resolution. It is important to note that the specific terms and conditions may vary within each agreement, depending on the negotiation between the parties involved, loan types, and regional legislation.
North Dakota Pooling and Servicing Agreement between IMPAC Secured Assets Corp., IMAC Funding Corp. and Northwest Bank Minnesota, National Assoc.
Description
How to fill out North Dakota Pooling And Servicing Agreement Between IMPAC Secured Assets Corp., IMAC Funding Corp. And Northwest Bank Minnesota, National Assoc.?
Choosing the best legal document web template can be quite a have a problem. Needless to say, there are a variety of templates available online, but how would you find the legal form you want? Make use of the US Legal Forms site. The service delivers thousands of templates, for example the North Dakota Pooling and Servicing Agreement between IMPAC Secured Assets Corp., IMAC Funding Corp. and Northwest Bank Minnesota, National Assoc., that can be used for enterprise and personal demands. All of the types are examined by pros and fulfill state and federal specifications.
In case you are already listed, log in for your accounts and click the Acquire option to have the North Dakota Pooling and Servicing Agreement between IMPAC Secured Assets Corp., IMAC Funding Corp. and Northwest Bank Minnesota, National Assoc.. Utilize your accounts to appear through the legal types you possess bought in the past. Check out the My Forms tab of your accounts and acquire another backup in the document you want.
In case you are a whole new user of US Legal Forms, listed here are simple guidelines that you can follow:
- Very first, make sure you have chosen the proper form to your city/area. You may examine the form using the Review option and study the form outline to make certain it will be the best for you.
- When the form is not going to fulfill your needs, take advantage of the Seach discipline to find the proper form.
- When you are certain that the form is suitable, go through the Buy now option to have the form.
- Pick the costs strategy you desire and enter in the essential information and facts. Build your accounts and pay for the transaction with your PayPal accounts or credit card.
- Pick the submit file format and download the legal document web template for your product.
- Comprehensive, change and produce and indication the acquired North Dakota Pooling and Servicing Agreement between IMPAC Secured Assets Corp., IMAC Funding Corp. and Northwest Bank Minnesota, National Assoc..
US Legal Forms will be the largest collection of legal types in which you can discover numerous document templates. Make use of the service to download expertly-manufactured papers that follow state specifications.