Fairfax Virginia 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: Fairfax
• 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 A Fairfax Virginia Pooling and Servicing Agreement is a legal contract entered into between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. This agreement outlines the rules and responsibilities of each party involved in pooling and servicing mortgage loans. The purpose of the Fairfax Virginia Pooling and Servicing Agreement is to establish the framework for the pooling and servicing of mortgage loans by IMPACT Secured Assets Corp. and iMac Funding Corp. and the role of Northwest Bank Minnesota, National Assoc. As the trustee. The agreement includes various terms and conditions that govern the rights, obligations, and procedures related to the management and administration of the mortgage loans. Within the realm of Fairfax Virginia Pooling and Servicing Agreements, there can be various types, each catering to specific requirements or circumstances. Some commonly known types of Fairfax Virginia Pooling and Servicing Agreements between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Include: 1. Standard Pooling and Servicing Agreement: This is the standard form of agreement where the pooling and servicing of mortgage loans occurs as per the predetermined terms and conditions. 2. Customized Pooling and Servicing Agreement: In certain cases, the parties involved may require customization of the standard agreement to address specific needs, such as unique mortgage loan characteristics or specialized servicing requirements. 3. Subservicing Agreement: In scenarios where IMPACT Secured Assets Corp. and iMac Funding Corp. engage the services of Northwest Bank Minnesota, National Assoc. To act as a subscriber, an additional subservicing agreement may be established to define the specific obligations and responsibilities of the subscriber. 4. Master Pooling and Servicing Agreement: When multiple Pooling and Servicing Agreements are consolidated under a single overarching agreement, it is referred to as a Master Pooling and Servicing Agreement. This arrangement allows for streamlined management and administration of mortgage loans. It is important to note that the specific terms and types of Fairfax Virginia Pooling and Servicing Agreements between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. May vary based on the nature of the mortgage loans, regulatory requirements, and the specific objectives of the parties involved.

A Fairfax Virginia Pooling and Servicing Agreement is a legal contract entered into between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. This agreement outlines the rules and responsibilities of each party involved in pooling and servicing mortgage loans. The purpose of the Fairfax Virginia Pooling and Servicing Agreement is to establish the framework for the pooling and servicing of mortgage loans by IMPACT Secured Assets Corp. and iMac Funding Corp. and the role of Northwest Bank Minnesota, National Assoc. As the trustee. The agreement includes various terms and conditions that govern the rights, obligations, and procedures related to the management and administration of the mortgage loans. Within the realm of Fairfax Virginia Pooling and Servicing Agreements, there can be various types, each catering to specific requirements or circumstances. Some commonly known types of Fairfax Virginia Pooling and Servicing Agreements between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Include: 1. Standard Pooling and Servicing Agreement: This is the standard form of agreement where the pooling and servicing of mortgage loans occurs as per the predetermined terms and conditions. 2. Customized Pooling and Servicing Agreement: In certain cases, the parties involved may require customization of the standard agreement to address specific needs, such as unique mortgage loan characteristics or specialized servicing requirements. 3. Subservicing Agreement: In scenarios where IMPACT Secured Assets Corp. and iMac Funding Corp. engage the services of Northwest Bank Minnesota, National Assoc. To act as a subscriber, an additional subservicing agreement may be established to define the specific obligations and responsibilities of the subscriber. 4. Master Pooling and Servicing Agreement: When multiple Pooling and Servicing Agreements are consolidated under a single overarching agreement, it is referred to as a Master Pooling and Servicing Agreement. This arrangement allows for streamlined management and administration of mortgage loans. It is important to note that the specific terms and types of Fairfax Virginia Pooling and Servicing Agreements between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. May vary based on the nature of the mortgage loans, regulatory requirements, and the specific objectives of the parties involved.