New Hampshire Pooling and Servicing Agreement is a legal document that establishes the terms and conditions of a financial agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. This partnership enables the pooling of assets and the servicing of mortgage loans in the state of New Hampshire. Under the New Hampshire Pooling and Servicing Agreement, IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Combine their resources to create a pool of mortgage loans. This pooling arrangement helps to spread the risk associated with loan servicing and allows for more efficient management of these assets. The agreement outlines the responsibilities and obligations of each party involved. IMPACT Secured Assets Corp. and iMac Funding Corp. act as the originators of the mortgage loans, while Northwest Bank Minnesota, National Assoc. Is the service responsible for collecting payments, managing escrow accounts, and handling any delinquencies or defaults. Keywords: New Hampshire Pooling and Servicing Agreement, IMPACT Secured Assets Corp., iMac Funding Corp., Northwest Bank Minnesota, National Assoc., mortgage loans, pooling of assets, loan servicing, risk management, efficient management, responsibilities, obligations, originators, service, payments, escrow accounts, delinquencies, defaults. Types of New Hampshire Pooling and Servicing Agreements may include: 1. Residential Mortgage Pooling and Servicing Agreement: This type of agreement focuses on pooling and servicing residential mortgage loans in New Hampshire. It outlines the specific terms and processes involved in managing and servicing these loans. 2. Commercial Mortgage Pooling and Servicing Agreement: This agreement deals with pooling and servicing commercial mortgage loans in New Hampshire. It addresses the unique aspects and requirements of commercial real estate financing and management. 3. Securitized Mortgage Pooling and Servicing Agreement: This type of agreement pertains to the securitization of mortgage loans in New Hampshire. It outlines the process of bundling mortgage loans into mortgage-backed securities and the subsequent servicing of these securities. 4. Government-Backed Mortgage Pooling and Servicing Agreement: This agreement focuses on pooling and servicing mortgage loans that are insured or guaranteed by government entities such as the Federal Housing Administration (FHA) or Veterans Affairs (VA) in New Hampshire. These types of agreements may vary in terms of specific provisions, conditions, and regulations depending on the nature and purpose of the pooled mortgage loans.
New Hampshire Pooling and Servicing Agreement between IMPAC Secured Assets Corp., IMAC Funding Corp. and Northwest Bank Minnesota, National Assoc.
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FAQ
A mortgage pool is a group of home and other real estate loans that have been bundled so they can be sold. A mortgage pool is a group of home and other real estate loans that have been bundled so they can be sold.
An MBS is made up of a pool of mortgages purchased from issuing banks and then sold to investors. An MBS allows investors to benefit from the mortgage business without needing to buy or sell home loans themselves.
What is a Loan Servicing Agreement? A loan servicing agreement is a legal agreement between a lender and a third party, the servicer, that outlines the terms and conditions for which that third party will provide loan servicing services.
The ?Pooling and Servicing Agreement? is the legal document that contains the responsibilities and rights of the servicer, the trustee, and others over a pool of mortgage loans.
Mortgage Pool Insurance means one or more policies of insurance issued by a Qualified Insurer or Qualified Insurers insuring against loss resulting or arising from an event of default under any or all Mortgage Loans financed with the proceeds of a Series of Bonds resulting from the mortgagor's failure to make any ...