Alameda California Pooling and Servicing Agreement between IMPAC Secured Assets Corp., IMAC Funding Corp. and Northwest Bank Minnesota, National Assoc.

• Category: Corporations - Public - Pooling and Servicing
• State: Multi-State
• County: Alameda
• Control #: US-EG-9042
• Format: Word; Rich Text

Description

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 Alameda California Pooling and Servicing Agreement is a legally binding agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. This agreement outlines the terms and conditions related to the pooling and servicing of mortgage loans. Keyword: Alameda California Pooling and Servicing Agreement Under this agreement, IMPACT Secured Assets Corp. acts as the sponsor or originator of the mortgage loans, iMac Funding Corp. serves as the depositor, and Northwest Bank Minnesota, National Assoc. Acts as the trustee. The purpose of this agreement is to ensure efficient management, administration, and servicing of the mortgage loans. Keyword: IMPACT Secured Assets Corp., iMac Funding Corp., Northwest Bank Minnesota, National Assoc. The Alameda California Pooling and Servicing Agreement involves the securitization of mortgage loans, which enables the loans to be transformed into tradable securities. In this process, the mortgage loans are pooled together and sold as mortgage-backed securities to investors, providing liquidity to the lender. Keyword: securitization, mortgage-backed securities, liquidity Various types of Alameda California Pooling and Servicing Agreements may exist, depending on the specific characteristics of the mortgage loans being securitized. These variations may include: 1. Residential Mortgage Pooling and Servicing Agreement: This type of agreement specifically pertains to residential mortgage loans, which are secured by properties intended for personal use. Keyword: residential mortgage loans 2. Commercial Mortgage Pooling and Servicing Agreement: This type of agreement applies to commercial mortgage loans, which are secured by properties used for business purposes, such as office buildings, retail centers, or industrial facilities. Keyword: commercial mortgage loans 3. Government-Sponsored Enterprise (GSE) Pooling and Servicing Agreement: In cases where the mortgage loans are guaranteed or insured by government-sponsored enterprises like Fannie Mae or Freddie Mac, a specific type of Alameda California Pooling and Servicing Agreement may be established. Keyword: government-sponsored enterprise, Fannie Mae, Freddie Mac In summary, the Alameda California Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Is a crucial legal document that governs the pooling and servicing of mortgage loans. It ensures proper management and administration, while providing liquidity to the lender. Different types of agreements may exist depending on whether the loans are residential, commercial, or backed by government-sponsored enterprises.

The Alameda California Pooling and Servicing Agreement is a legally binding agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. This agreement outlines the terms and conditions related to the pooling and servicing of mortgage loans. Keyword: Alameda California Pooling and Servicing Agreement Under this agreement, IMPACT Secured Assets Corp. acts as the sponsor or originator of the mortgage loans, iMac Funding Corp. serves as the depositor, and Northwest Bank Minnesota, National Assoc. Acts as the trustee. The purpose of this agreement is to ensure efficient management, administration, and servicing of the mortgage loans. Keyword: IMPACT Secured Assets Corp., iMac Funding Corp., Northwest Bank Minnesota, National Assoc. The Alameda California Pooling and Servicing Agreement involves the securitization of mortgage loans, which enables the loans to be transformed into tradable securities. In this process, the mortgage loans are pooled together and sold as mortgage-backed securities to investors, providing liquidity to the lender. Keyword: securitization, mortgage-backed securities, liquidity Various types of Alameda California Pooling and Servicing Agreements may exist, depending on the specific characteristics of the mortgage loans being securitized. These variations may include: 1. Residential Mortgage Pooling and Servicing Agreement: This type of agreement specifically pertains to residential mortgage loans, which are secured by properties intended for personal use. Keyword: residential mortgage loans 2. Commercial Mortgage Pooling and Servicing Agreement: This type of agreement applies to commercial mortgage loans, which are secured by properties used for business purposes, such as office buildings, retail centers, or industrial facilities. Keyword: commercial mortgage loans 3. Government-Sponsored Enterprise (GSE) Pooling and Servicing Agreement: In cases where the mortgage loans are guaranteed or insured by government-sponsored enterprises like Fannie Mae or Freddie Mac, a specific type of Alameda California Pooling and Servicing Agreement may be established. Keyword: government-sponsored enterprise, Fannie Mae, Freddie Mac In summary, the Alameda California Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Is a crucial legal document that governs the pooling and servicing of mortgage loans. It ensures proper management and administration, while providing liquidity to the lender. Different types of agreements may exist depending on whether the loans are residential, commercial, or backed by government-sponsored enterprises.