A Bexar Texas Pooling and Servicing Agreement is a legal document that governs the pooling and servicing of mortgage loans between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. This agreement outlines the rights and responsibilities of each party involved in the pooling and servicing of the mortgage loans. The Bexar Texas Pooling and Servicing Agreement is designed to ensure the efficient management and administration of the mortgage loans to maximize the return on investment for all parties involved. It includes provisions related to the loan payment collection, investor reporting, escrow account management, foreclosure procedures, and the distribution of proceeds. By pooling mortgage loans, the parties can mitigate risk and increase liquidity in the mortgage market. This allows for the creation of mortgage-backed securities, which can be sold to investors to generate additional funds for loan origination and servicing. Different types of Bexar Texas Pooling and Servicing Agreements may exist between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc., depending on the specific characteristics of the mortgage loans being pooled. These variations can include the type of mortgage loans (such as conventional or government-backed loans), the geographic location of the properties, or the credit quality of the borrowers. Additionally, the Bexar Texas Pooling and Servicing Agreement may contain provisions that outline the terms for the modification or refinancing of the mortgage loans and the allocation of any prepayment penalties or fees. Overall, the Bexar Texas Pooling and Servicing Agreement serves as a crucial legal framework for the cooperation and coordination between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc., in their efforts to efficiently manage and administer mortgage loans for the benefit of all parties involved.
Bexar Texas Pooling and Servicing Agreement between IMPAC Secured Assets Corp., IMAC Funding Corp. and Northwest Bank Minnesota, National Assoc.
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