Maricopa Arizona 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: Maricopa
• 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 Maricopa Arizona Pooling and Servicing Agreement (PSA) refers to a contractual agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc., regarding the pooling and servicing of mortgage loans in Maricopa, Arizona. This agreement outlines the responsibilities and roles of these entities in managing and servicing the mortgage loans contained within the pool. The Maricopa Arizona PSA is a crucial document that governs the relationship between the mortgage loan originators, the loan services, and the trustee overseeing the pool. It establishes the terms and conditions under which the mortgage loans are pooled together and serviced throughout their life cycle. The key participants in the agreement are IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. IMPACT Secured Assets Corp. is typically the depositor, responsible for acquiring and pooling the mortgage loans. iMac Funding Corp. might act as the master service, primarily handling day-to-day loan administration tasks, such as loan payment processing and customer service. Northwest Bank Minnesota, National Assoc. Could act as the trustee, safeguarding the interests of the investors who have invested in the mortgage-backed securities created from the pooled loans. The Maricopa Arizona PSA outlines various terms and conditions, including the mortgage loan eligibility criteria, servicing responsibilities, distribution of cash flows, reporting requirements, and default scenarios. It also defines the rights and obligations of each party involved in the agreement and sets guidelines for potential amendments or termination. While the information provided above generally describes the Maricopa Arizona PSA, it is important to note that there might be different types of SAS established between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. These variations could be based on factors such as the specific mortgage loan pool characteristics, investor preferences, or regulatory requirements. Each type of PSA may have its own unique terms and conditions tailored to the specific needs and circumstances of the parties involved. It is important to consult the specific PSA document to understand the exact terms and variations that may exist within the Maricopa Arizona Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc.

The Maricopa Arizona Pooling and Servicing Agreement (PSA) refers to a contractual agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc., regarding the pooling and servicing of mortgage loans in Maricopa, Arizona. This agreement outlines the responsibilities and roles of these entities in managing and servicing the mortgage loans contained within the pool. The Maricopa Arizona PSA is a crucial document that governs the relationship between the mortgage loan originators, the loan services, and the trustee overseeing the pool. It establishes the terms and conditions under which the mortgage loans are pooled together and serviced throughout their life cycle. The key participants in the agreement are IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. IMPACT Secured Assets Corp. is typically the depositor, responsible for acquiring and pooling the mortgage loans. iMac Funding Corp. might act as the master service, primarily handling day-to-day loan administration tasks, such as loan payment processing and customer service. Northwest Bank Minnesota, National Assoc. Could act as the trustee, safeguarding the interests of the investors who have invested in the mortgage-backed securities created from the pooled loans. The Maricopa Arizona PSA outlines various terms and conditions, including the mortgage loan eligibility criteria, servicing responsibilities, distribution of cash flows, reporting requirements, and default scenarios. It also defines the rights and obligations of each party involved in the agreement and sets guidelines for potential amendments or termination. While the information provided above generally describes the Maricopa Arizona PSA, it is important to note that there might be different types of SAS established between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. These variations could be based on factors such as the specific mortgage loan pool characteristics, investor preferences, or regulatory requirements. Each type of PSA may have its own unique terms and conditions tailored to the specific needs and circumstances of the parties involved. It is important to consult the specific PSA document to understand the exact terms and variations that may exist within the Maricopa Arizona Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc.