Pooling and Servicing Agreement between Greenpoint Credit, LLC and Bank One, National Association dated December 1, 1999. 112 pages
The Virgin Islands Pooling and Servicing Agreement (PSA) between Green point Credit, LLC and Bank One, National Association establishes the terms and conditions for the pooling and servicing of mortgage loans. This agreement serves as a legal contract that governs the rights, duties, and responsibilities of both parties involved in the transaction. Green point Credit, LLC, a mortgage lender, and Bank One, National Association, a financial institution, enter into this agreement to create a mortgage-backed securities (MBS) pool. The pooling aspect involves combining multiple mortgage loans into a single pool that is then securitized and sold as MBS to investors in the secondary market. The agreement outlines the specific terms related to loan pooling, servicing, and distribution of cash flows. It covers various aspects such as loan eligibility criteria, loan documentation, loan service responsibilities, and inter-party obligations. Additionally, it typically includes guidelines for loan payment collections, escrow administration, loss mitigation, and foreclosure processes. Keywords: Virgin Islands Pooling and Servicing Agreement, Green point Credit, LLC, Bank One, National Association, mortgage loans, mortgage-backed securities, MBS, pooling, servicing, securitized, secondary market, loan eligibility, cash flows, loan service, loan payment collections, escrow administration, loss mitigation, foreclosure processes. Different types (if applicable): 1. Standard Virgin Islands Pooling and Servicing Agreement: This refers to the typical agreement that outlines the standard terms and conditions for loan pooling and servicing between Green point Credit, LLC and Bank One, National Association. 2. Amended and Restated Virgin Islands Pooling and Servicing Agreement: This refers to an agreement that has been modified, revised, or updated from its original version to accommodate changes in regulatory requirements, loan servicing practices, or other relevant factors. Such amendments may be made by mutual agreement of both parties. 3. Virginia Islands Pooling and Servicing Agreement with Special Provisions: This refers to an agreement that includes specific provisions tailored to address unique circumstances or requirements, such as loans with special features, high-value loans, or loans with non-standard servicing arrangements. These provisions may modify certain aspects of the standard agreement to suit the specific needs of the transaction.
The Virgin Islands Pooling and Servicing Agreement (PSA) between Green point Credit, LLC and Bank One, National Association establishes the terms and conditions for the pooling and servicing of mortgage loans. This agreement serves as a legal contract that governs the rights, duties, and responsibilities of both parties involved in the transaction. Green point Credit, LLC, a mortgage lender, and Bank One, National Association, a financial institution, enter into this agreement to create a mortgage-backed securities (MBS) pool. The pooling aspect involves combining multiple mortgage loans into a single pool that is then securitized and sold as MBS to investors in the secondary market. The agreement outlines the specific terms related to loan pooling, servicing, and distribution of cash flows. It covers various aspects such as loan eligibility criteria, loan documentation, loan service responsibilities, and inter-party obligations. Additionally, it typically includes guidelines for loan payment collections, escrow administration, loss mitigation, and foreclosure processes. Keywords: Virgin Islands Pooling and Servicing Agreement, Green point Credit, LLC, Bank One, National Association, mortgage loans, mortgage-backed securities, MBS, pooling, servicing, securitized, secondary market, loan eligibility, cash flows, loan service, loan payment collections, escrow administration, loss mitigation, foreclosure processes. Different types (if applicable): 1. Standard Virgin Islands Pooling and Servicing Agreement: This refers to the typical agreement that outlines the standard terms and conditions for loan pooling and servicing between Green point Credit, LLC and Bank One, National Association. 2. Amended and Restated Virgin Islands Pooling and Servicing Agreement: This refers to an agreement that has been modified, revised, or updated from its original version to accommodate changes in regulatory requirements, loan servicing practices, or other relevant factors. Such amendments may be made by mutual agreement of both parties. 3. Virginia Islands Pooling and Servicing Agreement with Special Provisions: This refers to an agreement that includes specific provisions tailored to address unique circumstances or requirements, such as loans with special features, high-value loans, or loans with non-standard servicing arrangements. These provisions may modify certain aspects of the standard agreement to suit the specific needs of the transaction.