New Mexico Pooling and Servicing Agreement between Greenpoint Credit, LLC and Bank One, National Association

• Category: Corporations - Public - Pooling and Servicing
• State: Multi-State
• Control #: US-EG-9195
• Format: Word; Rich Text

Description

Pooling and Servicing Agreement between Greenpoint Credit, LLC and Bank One, National Association dated December 1, 1999. 112 pages A New Mexico Pooling and Servicing Agreement is a legally binding contract between Green point Credit, LLC (a financial institution specializing in mortgage loans) and Bank One, National Association (a prominent banking institution). This agreement establishes the terms and conditions for pooling various mortgage loans and servicing them as a single entity. It enables the transfer of mortgage loan ownership rights, cash flows, and related servicing responsibilities from Green point Credit, LLC to Bank One, National Association. The pooling aspect refers to the consolidation of multiple mortgage loans into a single investment portfolio. By combining these loans, Green point Credit, LLC aims to mitigate risks and enhance the marketability of the bundled mortgage-backed securities. Bank One, National Association, on the other hand, becomes responsible for managing and overseeing the servicing of these mortgage loans on behalf of investors. One type of New Mexico Pooling and Servicing Agreement between Green point Credit, LLC and Bank One, National Association is the "Fixed-Rate Mortgage Pooling and Servicing Agreement." Under this arrangement, Green point Credit, LLC pools fixed-rate mortgage loans with uniform interest rates and terms, providing stability for investors seeking predictable returns. Another type is the "Adjustable-Rate Mortgage Pooling and Servicing Agreement." This agreement involves pooling adjustable-rate mortgage loans, which are characterized by fluctuating interest rates. Unlike fixed-rate mortgages, these loans offer the potential for higher returns but come with increased risk due to interest rate volatility. Moreover, there could be specific variations of these agreements, such as the "New Mexico Pooling and Servicing Agreement with Green point Credit, LLC and Bank One, National Association — Commercial Mortgage-Backed Securities." This agreement pertains to the pooling and servicing of commercial mortgage loans, often used to finance income-generating properties like office buildings, hotels, or shopping centers. In summary, a New Mexico Pooling and Servicing Agreement between Green point Credit, LLC and Bank One, National Association is a contractual arrangement that consolidates mortgage loans into a single investment vehicle, providing benefits such as risk diversification and market liquidity. The different types of agreements include Fixed-Rate Mortgage Pooling and Servicing Agreement, Adjustable-Rate Mortgage Pooling and Servicing Agreement, and variations like Commercial Mortgage-Backed Securities pooling and servicing.

A New Mexico Pooling and Servicing Agreement is a legally binding contract between Green point Credit, LLC (a financial institution specializing in mortgage loans) and Bank One, National Association (a prominent banking institution). This agreement establishes the terms and conditions for pooling various mortgage loans and servicing them as a single entity. It enables the transfer of mortgage loan ownership rights, cash flows, and related servicing responsibilities from Green point Credit, LLC to Bank One, National Association. The pooling aspect refers to the consolidation of multiple mortgage loans into a single investment portfolio. By combining these loans, Green point Credit, LLC aims to mitigate risks and enhance the marketability of the bundled mortgage-backed securities. Bank One, National Association, on the other hand, becomes responsible for managing and overseeing the servicing of these mortgage loans on behalf of investors. One type of New Mexico Pooling and Servicing Agreement between Green point Credit, LLC and Bank One, National Association is the "Fixed-Rate Mortgage Pooling and Servicing Agreement." Under this arrangement, Green point Credit, LLC pools fixed-rate mortgage loans with uniform interest rates and terms, providing stability for investors seeking predictable returns. Another type is the "Adjustable-Rate Mortgage Pooling and Servicing Agreement." This agreement involves pooling adjustable-rate mortgage loans, which are characterized by fluctuating interest rates. Unlike fixed-rate mortgages, these loans offer the potential for higher returns but come with increased risk due to interest rate volatility. Moreover, there could be specific variations of these agreements, such as the "New Mexico Pooling and Servicing Agreement with Green point Credit, LLC and Bank One, National Association — Commercial Mortgage-Backed Securities." This agreement pertains to the pooling and servicing of commercial mortgage loans, often used to finance income-generating properties like office buildings, hotels, or shopping centers. In summary, a New Mexico Pooling and Servicing Agreement between Green point Credit, LLC and Bank One, National Association is a contractual arrangement that consolidates mortgage loans into a single investment vehicle, providing benefits such as risk diversification and market liquidity. The different types of agreements include Fixed-Rate Mortgage Pooling and Servicing Agreement, Adjustable-Rate Mortgage Pooling and Servicing Agreement, and variations like Commercial Mortgage-Backed Securities pooling and servicing.