Pooling and Servicing Agreement between Greenpoint Credit, LLC and Bank One, National Association dated December 1, 1999. 112 pages
Description: A Texas Pooling and Servicing Agreement (PSA) is a legal contract between Green point Credit, LLC and Bank One, National Association. This agreement establishes the terms and conditions for the pooling and servicing of mortgage loans originated by Green point Credit, LLC, which are then transferred to Bank One, National Association. Keywords: — Texas Pooling and Servicing Agreement: Refers to the specific type of agreement governed by the Texas laws regarding the pooling and servicing of mortgage loans. Green pointnt Credit, LLC: Represents the lending institution that originates the mortgage loans and enters into the pooling and servicing agreement with Bank One, National Association. — Bank One, National Association: Refers to the financial institution that undertakes the responsibility of pooling and servicing the mortgage loans acquired from Green point Credit, LLC according to the terms defined in the agreement. Types of Texas Pooling and Servicing Agreements: 1. Residential Mortgage Backed Securities (RMBS) Pooling and Servicing Agreement: This type of agreement pertains to the pooling and servicing of residential mortgage loans issued by Green point Credit, LLC. The agreement outlines the rights and responsibilities of both parties, including loan transfer, payment collection, and resolution of defaults. 2. Commercial Mortgage Backed Securities (CMOS) Pooling and Servicing Agreement: In cases where Green point Credit, LLC originates commercial mortgage loans, a CMB Spooling and servicing agreement is established. This agreement outlines the terms for pooling and servicing the commercial mortgage loans, including payment collection, default resolution, and potential workout strategies. 3. Securitized Pooling and Servicing Agreement: This type of agreement specifically references the securitization of mortgage loans originated by Green point Credit, LLC. It establishes guidelines for bundling such loans into mortgage-backed securities (MBS), defining the scope of loan servicing, and detailing the allocation of cash flows generated by the securitized pool. 4. Warehouse Line Pooling and Servicing Agreement: When Green point Credit, LLC utilizes a warehouse line of credit to fund mortgage loan originations, a specific type of pooling and servicing agreement is implemented. This agreement governs the transfer and servicing of mortgage loans from the warehouse lender (Bank One, National Association) to a specified entity upon the fulfillment of predetermined conditions, such as loan volumes or timeframes. Overall, a Texas Pooling and Servicing Agreement between Green point Credit, LLC and Bank One, National Association sets the framework for the pooling and servicing of mortgage loans, ensuring compliance with Texas laws and defining the obligations of both parties involved.
Description: A Texas Pooling and Servicing Agreement (PSA) is a legal contract between Green point Credit, LLC and Bank One, National Association. This agreement establishes the terms and conditions for the pooling and servicing of mortgage loans originated by Green point Credit, LLC, which are then transferred to Bank One, National Association. Keywords: — Texas Pooling and Servicing Agreement: Refers to the specific type of agreement governed by the Texas laws regarding the pooling and servicing of mortgage loans. Green pointnt Credit, LLC: Represents the lending institution that originates the mortgage loans and enters into the pooling and servicing agreement with Bank One, National Association. — Bank One, National Association: Refers to the financial institution that undertakes the responsibility of pooling and servicing the mortgage loans acquired from Green point Credit, LLC according to the terms defined in the agreement. Types of Texas Pooling and Servicing Agreements: 1. Residential Mortgage Backed Securities (RMBS) Pooling and Servicing Agreement: This type of agreement pertains to the pooling and servicing of residential mortgage loans issued by Green point Credit, LLC. The agreement outlines the rights and responsibilities of both parties, including loan transfer, payment collection, and resolution of defaults. 2. Commercial Mortgage Backed Securities (CMOS) Pooling and Servicing Agreement: In cases where Green point Credit, LLC originates commercial mortgage loans, a CMB Spooling and servicing agreement is established. This agreement outlines the terms for pooling and servicing the commercial mortgage loans, including payment collection, default resolution, and potential workout strategies. 3. Securitized Pooling and Servicing Agreement: This type of agreement specifically references the securitization of mortgage loans originated by Green point Credit, LLC. It establishes guidelines for bundling such loans into mortgage-backed securities (MBS), defining the scope of loan servicing, and detailing the allocation of cash flows generated by the securitized pool. 4. Warehouse Line Pooling and Servicing Agreement: When Green point Credit, LLC utilizes a warehouse line of credit to fund mortgage loan originations, a specific type of pooling and servicing agreement is implemented. This agreement governs the transfer and servicing of mortgage loans from the warehouse lender (Bank One, National Association) to a specified entity upon the fulfillment of predetermined conditions, such as loan volumes or timeframes. Overall, a Texas Pooling and Servicing Agreement between Green point Credit, LLC and Bank One, National Association sets the framework for the pooling and servicing of mortgage loans, ensuring compliance with Texas laws and defining the obligations of both parties involved.