South Carolina Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A. and Bank One

• Category: Corporations - Public - Pooling and Servicing
• State: Multi-State
• Control #: US-EG-9080
• Format: Word; Rich Text

Description

Pooling and Servicing Agr. btwn Credit Suisse First Boston Mortgage Securities Corp., Wash. Mutual Bank F.A. and Bank One - National Association dated Nov. 1, 1999. 213 pages The South Carolina Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One is a legally binding contract that governs the pooling and servicing of mortgage loans in South Carolina. This agreement outlines the roles, responsibilities, and obligations of each party involved in the pooling and servicing process. Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One serve as the entities involved in the agreement. Credit Suisse First Boston Mortgage Securities Corp. acts as the primary mortgage lender, while Washington Mutual Bank F.A. and Bank One may play roles as investors or service providers. Pooling refers to the process of combining multiple mortgage loans into a pool or trust. This allows for the creation of mortgage-backed securities, which are then sold to investors. The South Carolina Pooling and Servicing Agreement determines the specific criteria and guidelines for selecting eligible mortgage loans to be included in the pool. Servicing, on the other hand, involves the ongoing management and administration of the mortgage loans within the pool. This includes tasks such as collecting payments, addressing borrower inquiries, managing escrow accounts, and handling delinquencies and foreclosures. The South Carolina Pooling and Servicing Agreement outlines the procedures and responsibilities related to servicing activities, including the calculation and distribution of principal and interest payments to investors, maintenance and preservation of loan documents, and compliance with applicable laws and regulations. Additionally, the agreement may include provisions related to representations and warranties, remedies for breaches of contract, indemnification, and default provisions. These clauses serve to protect the interests of all parties involved and ensure the proper execution of the pooling and servicing activities. While there may not be different types of South Carolina Pooling and Servicing Agreements specifically between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One, it's important to note that variations exist based on the specific terms and conditions negotiated between the parties. Each agreement is tailored to the unique requirements and preferences of the involved entities. In conclusion, the South Carolina Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One establishes the framework for the pooling and servicing of mortgage loans in South Carolina. It governs the selection, management, and administration of mortgage pools, ensuring the smooth execution of mortgage-backed securities transactions while protecting the rights and interests of all parties involved.

The South Carolina Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One is a legally binding contract that governs the pooling and servicing of mortgage loans in South Carolina. This agreement outlines the roles, responsibilities, and obligations of each party involved in the pooling and servicing process. Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One serve as the entities involved in the agreement. Credit Suisse First Boston Mortgage Securities Corp. acts as the primary mortgage lender, while Washington Mutual Bank F.A. and Bank One may play roles as investors or service providers. Pooling refers to the process of combining multiple mortgage loans into a pool or trust. This allows for the creation of mortgage-backed securities, which are then sold to investors. The South Carolina Pooling and Servicing Agreement determines the specific criteria and guidelines for selecting eligible mortgage loans to be included in the pool. Servicing, on the other hand, involves the ongoing management and administration of the mortgage loans within the pool. This includes tasks such as collecting payments, addressing borrower inquiries, managing escrow accounts, and handling delinquencies and foreclosures. The South Carolina Pooling and Servicing Agreement outlines the procedures and responsibilities related to servicing activities, including the calculation and distribution of principal and interest payments to investors, maintenance and preservation of loan documents, and compliance with applicable laws and regulations. Additionally, the agreement may include provisions related to representations and warranties, remedies for breaches of contract, indemnification, and default provisions. These clauses serve to protect the interests of all parties involved and ensure the proper execution of the pooling and servicing activities. While there may not be different types of South Carolina Pooling and Servicing Agreements specifically between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One, it's important to note that variations exist based on the specific terms and conditions negotiated between the parties. Each agreement is tailored to the unique requirements and preferences of the involved entities. In conclusion, the South Carolina Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One establishes the framework for the pooling and servicing of mortgage loans in South Carolina. It governs the selection, management, and administration of mortgage pools, ensuring the smooth execution of mortgage-backed securities transactions while protecting the rights and interests of all parties involved.