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 Vermont Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One is a legal document that outlines the terms and conditions of pooling mortgage loans and the servicing responsibilities associated with them. This agreement serves to create a framework for the management and distribution of mortgage-backed securities (MBS) in Vermont, while also establishing the roles and obligations of each party involved. Keywords: Vermont Pooling and Servicing Agreement, Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., Bank One, MBS, mortgage-backed securities, pooling, servicing responsibilities, legal document, mortgage loans, framework, management, distribution. Different types of Vermont Pooling and Servicing Agreements exist for various purposes within the partnership between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One. These agreements may include: 1. Standard Pooling and Servicing Agreement: This type of agreement outlines the general terms and conditions for pooling mortgage loans and servicing responsibilities in Vermont. It includes provisions related to the pool's composition, payment and distribution rules, default procedures, and other administrative aspects. 2. Special Purpose Pooling and Servicing Agreement: This agreement is specific to a particular type of mortgage loan pool, such as those composed of subprime or jumbo loans. It addresses unique characteristics and risks associated with these types of loans, including heightened credit risk or non-conforming loan features. 3. Master Pooling and Servicing Agreement: This agreement serves as a comprehensive framework for multiple pooling and servicing transactions between the parties. It establishes a set of standardized terms and conditions to streamline the process of creating and managing multiple pools, ensuring consistency and efficiency across various MBS offerings. 4. Cooperative Pooling and Servicing Agreement: In this type of agreement, the three parties collaborate in pooling and servicing mortgage loans from multiple lenders or originators. It enables the pooling of loans from diverse sources, extending the reach and diversification of mortgage-backed securities issued in Vermont. These different types of Vermont Pooling and Servicing Agreements allow Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One to tailor their partnerships and MBS offerings to specific loan types, risk profiles, or collaborative endeavors, ensuring efficient management and compliance with regulatory requirements.
The Vermont Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One is a legal document that outlines the terms and conditions of pooling mortgage loans and the servicing responsibilities associated with them. This agreement serves to create a framework for the management and distribution of mortgage-backed securities (MBS) in Vermont, while also establishing the roles and obligations of each party involved. Keywords: Vermont Pooling and Servicing Agreement, Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., Bank One, MBS, mortgage-backed securities, pooling, servicing responsibilities, legal document, mortgage loans, framework, management, distribution. Different types of Vermont Pooling and Servicing Agreements exist for various purposes within the partnership between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One. These agreements may include: 1. Standard Pooling and Servicing Agreement: This type of agreement outlines the general terms and conditions for pooling mortgage loans and servicing responsibilities in Vermont. It includes provisions related to the pool's composition, payment and distribution rules, default procedures, and other administrative aspects. 2. Special Purpose Pooling and Servicing Agreement: This agreement is specific to a particular type of mortgage loan pool, such as those composed of subprime or jumbo loans. It addresses unique characteristics and risks associated with these types of loans, including heightened credit risk or non-conforming loan features. 3. Master Pooling and Servicing Agreement: This agreement serves as a comprehensive framework for multiple pooling and servicing transactions between the parties. It establishes a set of standardized terms and conditions to streamline the process of creating and managing multiple pools, ensuring consistency and efficiency across various MBS offerings. 4. Cooperative Pooling and Servicing Agreement: In this type of agreement, the three parties collaborate in pooling and servicing mortgage loans from multiple lenders or originators. It enables the pooling of loans from diverse sources, extending the reach and diversification of mortgage-backed securities issued in Vermont. These different types of Vermont Pooling and Servicing Agreements allow Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One to tailor their partnerships and MBS offerings to specific loan types, risk profiles, or collaborative endeavors, ensuring efficient management and compliance with regulatory requirements.