Pooling and Servicing Agr. btwn IMPAC Secured Assets Corporation, IMAC Funding Corporation and Northwest Bank Minnesota, National Association dated Dec. 1, 1999. 142 pages
The Washington Pooling and Servicing Agreement (PSA) is a legal contract between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. In this agreement, the parties involved combine their assets and establish a pool of loans or other financial instruments. Keywords: Washington Pooling and Servicing Agreement, IMPACT Secured Assets Corp., iMac Funding Corp., Northwest Bank Minnesota, National Assoc., pooling, servicing, legal contract, loans, financial instruments. There are multiple types of Washington Pooling and Servicing Agreements that can be established between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Some commonly found variations include: 1. Conventional Mortgage Pooling and Servicing Agreement: This type of PSA involves the pooling of conventional mortgage loans from various sources, such as financial institutions, credit unions, or private lenders. IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Would combine their mortgage assets, establish a servicing arrangement, and potentially issue mortgage-backed securities (MBS) based on the pooled loans. 2. Residential Mortgage Backed Securities (RMBS) Pooling and Servicing Agreement: In this type of PSA, the focus is on pooling residential mortgage loans specifically. The agreement outlines the responsibilities of IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. In managing the pool, servicing the loans, and distributing the associated cash flow to investors. 3. Commercial Mortgage Backed Securities (CMOS) Pooling and Servicing Agreement: This variation of the PSA pertains to pooling commercial real estate mortgage loans. The agreement sets out the terms for pooling, servicing, and securitizing these loans. The agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Would allow for the creation of CMOS, which are then sold to investors. 4. Asset-Backed Securities (ABS) Pooling and Servicing Agreement: This PSA involves pooling various types of assets, such as auto loans, student loans, or credit card receivables. IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Would collaborate to create a pool of these assets and outline the terms of servicing and distribution of cash flows generated by the underlying loans. It's important to note that the specific details and terms within each type of Washington Pooling and Servicing Agreement may vary depending on the structure of the pooled assets and the requirements set forth by the parties involved.
The Washington Pooling and Servicing Agreement (PSA) is a legal contract between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. In this agreement, the parties involved combine their assets and establish a pool of loans or other financial instruments. Keywords: Washington Pooling and Servicing Agreement, IMPACT Secured Assets Corp., iMac Funding Corp., Northwest Bank Minnesota, National Assoc., pooling, servicing, legal contract, loans, financial instruments. There are multiple types of Washington Pooling and Servicing Agreements that can be established between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Some commonly found variations include: 1. Conventional Mortgage Pooling and Servicing Agreement: This type of PSA involves the pooling of conventional mortgage loans from various sources, such as financial institutions, credit unions, or private lenders. IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Would combine their mortgage assets, establish a servicing arrangement, and potentially issue mortgage-backed securities (MBS) based on the pooled loans. 2. Residential Mortgage Backed Securities (RMBS) Pooling and Servicing Agreement: In this type of PSA, the focus is on pooling residential mortgage loans specifically. The agreement outlines the responsibilities of IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. In managing the pool, servicing the loans, and distributing the associated cash flow to investors. 3. Commercial Mortgage Backed Securities (CMOS) Pooling and Servicing Agreement: This variation of the PSA pertains to pooling commercial real estate mortgage loans. The agreement sets out the terms for pooling, servicing, and securitizing these loans. The agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Would allow for the creation of CMOS, which are then sold to investors. 4. Asset-Backed Securities (ABS) Pooling and Servicing Agreement: This PSA involves pooling various types of assets, such as auto loans, student loans, or credit card receivables. IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Would collaborate to create a pool of these assets and outline the terms of servicing and distribution of cash flows generated by the underlying loans. It's important to note that the specific details and terms within each type of Washington Pooling and Servicing Agreement may vary depending on the structure of the pooled assets and the requirements set forth by the parties involved.