In Contra Costa, California, the Pooling and Servicing Agreement (PSA) between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Is a crucial document that governs the pooling and servicing of mortgage loans within a mortgage-backed securities transaction. This agreement outlines the rights and obligations of the parties involved in the securitization process. The Contra Costa California Pooling and Servicing Agreement clearly delineates the responsibilities of each entity. IMPACT Secured Assets Corp. acts as the service, responsible for collecting and distributing mortgage payments, managing delinquencies, and maintaining escrow accounts. iMac Funding Corp., on the other hand, is the depositor, responsible for acquiring mortgage loans and assembling them into pools to be securitized. Northwest Bank Minnesota, National Assoc. Serves as the trustee, ensuring compliance with the terms of the PSA on behalf of the investors. This PSA establishes specific provisions related to the mortgage loan pools, including the creation of a trust and the assignment of the mortgage loans to this trust. It defines the cash flow allocation, the distribution of principal and interest payments to investors, and the handling of any default or foreclosure proceedings. Additionally, it outlines the service's rights and obligations, such as the obligation to maintain insurance on the properties securing the loans. Different types of Contra Costa California Pooling and Servicing Agreements may exist between these entities, depending on the specific mortgage-backed securities transactions. These agreements may vary in terms of the mortgage loan pool size, the type of mortgage loans included, and the underlying collateral. Additionally, they may differ in the allocation of cash flows, the servicing fees, and any specific provisions related to default management or loan modifications. Keywords: Contra Costa California, Pooling and Servicing Agreement, IMPACT Secured Assets Corp., iMac Funding Corp., Northwest Bank Minnesota, National Assoc., securitization, mortgage-backed securities, PSA, service, depositor, trustee, mortgage loan pools, trust, allocation, principal and interest payments, default management, loan modifications.
Contra Costa California Pooling and Servicing Agreement between IMPAC Secured Assets Corp., IMAC Funding Corp. and Northwest Bank Minnesota, National Assoc.
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How to fill out Contra Costa California Pooling And Servicing Agreement Between IMPAC Secured Assets Corp., IMAC Funding Corp. And Northwest Bank Minnesota, National Assoc.?
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