Bronx New York 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: Bronx
• 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 Bronx New York Pooling and Servicing Agreement is a legal agreement established between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. It outlines the terms and conditions regarding the pooling and servicing of assets for investment purposes, specifically in the Bronx, New York area. This agreement is a crucial component of the securitization process, wherein the mortgage loans are bundled together, transformed into securities, and subsequently sold to investors. Within this overall agreement, there may be various types of Pooling and Servicing Agreements, each catering to specific requirements or investment strategies. These may include: 1. Residential Mortgage-Backed Securities (RMBS) Pooling and Servicing Agreement: This type of agreement focuses on the pooling and servicing of residential mortgage assets within the Bronx, New York area. It outlines the rights and responsibilities of each party involved, including IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. 2. Commercial Mortgage-Backed Securities (CMOS) Pooling and Servicing Agreement: This agreement specifically pertains to the pooling and servicing of commercial mortgage assets in the Bronx, New York region. It addresses the unique characteristics and considerations associated with commercial properties, such as office buildings, retail centers, and multifamily complexes. 3. Mixed Collateral Pooling and Servicing Agreement: This type of agreement encompasses a mixture of residential and commercial mortgage assets that are pooled together for securitization purposes. It caters to a diverse portfolio of properties in the Bronx, New York area, providing flexibility in investment opportunities. The Bronx New York Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Ensures transparency, compliance, and accountability in managing the pooled assets. It covers crucial aspects such as the collection and distribution of mortgage payments, handling delinquencies or defaults, and providing security interest to investors. This agreement aims to protect the interests of all parties involved while maximizing the potential returns on the securitized assets.

The Bronx New York Pooling and Servicing Agreement is a legal agreement established between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. It outlines the terms and conditions regarding the pooling and servicing of assets for investment purposes, specifically in the Bronx, New York area. This agreement is a crucial component of the securitization process, wherein the mortgage loans are bundled together, transformed into securities, and subsequently sold to investors. Within this overall agreement, there may be various types of Pooling and Servicing Agreements, each catering to specific requirements or investment strategies. These may include: 1. Residential Mortgage-Backed Securities (RMBS) Pooling and Servicing Agreement: This type of agreement focuses on the pooling and servicing of residential mortgage assets within the Bronx, New York area. It outlines the rights and responsibilities of each party involved, including IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. 2. Commercial Mortgage-Backed Securities (CMOS) Pooling and Servicing Agreement: This agreement specifically pertains to the pooling and servicing of commercial mortgage assets in the Bronx, New York region. It addresses the unique characteristics and considerations associated with commercial properties, such as office buildings, retail centers, and multifamily complexes. 3. Mixed Collateral Pooling and Servicing Agreement: This type of agreement encompasses a mixture of residential and commercial mortgage assets that are pooled together for securitization purposes. It caters to a diverse portfolio of properties in the Bronx, New York area, providing flexibility in investment opportunities. The Bronx New York Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Ensures transparency, compliance, and accountability in managing the pooled assets. It covers crucial aspects such as the collection and distribution of mortgage payments, handling delinquencies or defaults, and providing security interest to investors. This agreement aims to protect the interests of all parties involved while maximizing the potential returns on the securitized assets.