Riverside California Pooling and Servicing Agreement is a legal contract between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc., outlining the terms and conditions for managing pooled assets, particularly mortgage loans, within the Riverside, California region. This agreement serves as a mechanism to facilitate the smooth flow of funds, streamline loan servicing processes, and ensure compliance with relevant regulations. Keywords: Riverside California, Pooling and Servicing Agreement, IMPACT Secured Assets Corp., iMac Funding Corp., Northwest Bank Minnesota, National Assoc., mortgage loans, pooled assets, loan servicing, compliance, regulations. There may be different variations of Riverside California Pooling and Servicing Agreements between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc., depending on the specific objectives and requirements of each agreement. Some potential types or variations of Riverside California Pooling and Servicing Agreements can include: 1. Riverside California Residential Mortgage Pooling and Servicing Agreement: This type of agreement primarily focuses on residential mortgage loans pooled and serviced within the Riverside, California area. It encompasses terms related to loan origination, mortgage-backed security issuance, payment collection, default management, and investor reporting. 2. Riverside California Commercial Mortgage Pooling and Servicing Agreement: This type of agreement pertains to the pooling and servicing of commercial mortgage loans within the Riverside, California region. It addresses unique aspects of commercial real estate financing, such as lease terms, property types, rental income, and delinquency management. 3. Riverside California Asset-Backed Securities Pooling and Servicing Agreement: This variant is geared towards the pooling and servicing of asset-backed securities (ABS) within Riverside, California. It involves the securitization of various types of assets like mortgage loans, auto loans, or credit card receivables, enabling their trading on financial markets while adhering to specific regulations. 4. Riverside California Collateralized Loan Obligation Pooling and Servicing Agreement: This type of agreement relates to the pooling and servicing of collateralized loan obligations (Close) in Riverside, California. Close are structured vehicles that hold a diversified portfolio of debt instruments, and this agreement governs the allocation of cash flows, credit enhancements, and priority of payments among investors. Each variation of the Riverside California Pooling and Servicing Agreement may have specific clauses, provisions, and compliance requirements tailored to the nature of the pooled assets. The terms of these agreements are subject to negotiation and can differ based on the preferences and risk profiles of the involved parties.
Riverside California Pooling and Servicing Agreement between IMPAC Secured Assets Corp., IMAC Funding Corp. and Northwest Bank Minnesota, National Assoc.
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