The West Virginia Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a legal contract that outlines the terms and conditions of a securities underwriting arrangement in the state of West Virginia. This agreement specifies the responsibilities and obligations of both ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. in regard to the issuance and sale of the mortgage-backed securities. Under this agreement, ABCs Mortgage Loan Trust 1999-4 acts as the issuer of the mortgage-backed securities, while Prudential Securities, Inc. acts as the underwriter. The underwriter is responsible for purchasing the securities from the issuer and then selling them to investors. Prudential Securities, Inc. undertakes the task of underwriting the securities, which involves assessing the risks associated with the mortgage loans backing the securities and determining the appropriate pricing and terms for their sale in the market. The West Virginia Underwriting Agreement ensures that ABCs Mortgage Loan Trust 1999-4 provides accurate and complete information about the mortgage loans and the underlying properties to Prudential Securities, Inc. This ensures transparency and enables the underwriter to make informed decisions regarding the underwriting process. It also outlines the representations and warranties made by the issuer regarding the mortgage loans, assuring the underwriter that the loans meet certain specified criteria. Moreover, the agreement establishes the terms of compensation for Prudential Securities, Inc., including the underwriting fee or spread, which is the difference between the price at which the underwriter purchases the securities from the issuer and the price at which they are sold to investors. The agreement may also describe any additional fees or expenses that may be incurred by the underwriter during the underwriting process. It is worth noting that while the provided details pertain specifically to the West Virginia Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc., there may be variants of this agreement in terms of parties involved, specific obligations, and terms based on different mortgage loan trusts or securities offerings. These variants may have other identifying numbers or may be tailored to different jurisdictions or entities.