San Bernardino California 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: San Bernardino
• 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 San Bernardino California Pooling and Servicing Agreement is a legally binding agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc., aimed at the pooling and servicing of mortgage loans in the San Bernardino County area of California. This agreement outlines the specific terms and conditions under which these entities collaborate to manage, service, and distribute cash flows generated from a portfolio of mortgage loans. It serves as the governance framework for the management of these loans and provides the necessary guidelines and procedures for the pooling and servicing activities. Through this agreement, IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc., establish the allocation of rights, duties, and responsibilities among themselves. It typically includes provisions related to loan origination, payment collection, loan modification, default management, foreclosure proceedings, and investor reporting. Moreover, the Pooling and Servicing Agreement may encompass various types depending on its specific structure or purpose. Some possible variations include: 1. Residential Mortgage Pooling and Servicing Agreement: This type of agreement mainly focuses on pooling and servicing residential mortgage loans, providing guidelines for the management of residential real estate loans in San Bernardino County. 2. Commercial Mortgage Pooling and Servicing Agreement: This agreement pertains to pooling and servicing commercial mortgage loans, which involve financing for non-residential properties like office buildings, shopping centers, or industrial facilities in San Bernardino County. 3. Securitization Pooling and Servicing Agreement: This specific type of agreement is related to the securitization of mortgage loans, where the pooled mortgage loans are then sold off as mortgage-backed securities to investors, often through the issuance of asset-backed securities. These are just a few examples of the types of San Bernardino California Pooling and Servicing Agreements that could exist between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Each type may have its own unique terms, conditions, and requirements tailored to the specific nature of the mortgage loans being pooled and serviced.

San Bernardino California Pooling and Servicing Agreement is a legally binding agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc., aimed at the pooling and servicing of mortgage loans in the San Bernardino County area of California. This agreement outlines the specific terms and conditions under which these entities collaborate to manage, service, and distribute cash flows generated from a portfolio of mortgage loans. It serves as the governance framework for the management of these loans and provides the necessary guidelines and procedures for the pooling and servicing activities. Through this agreement, IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc., establish the allocation of rights, duties, and responsibilities among themselves. It typically includes provisions related to loan origination, payment collection, loan modification, default management, foreclosure proceedings, and investor reporting. Moreover, the Pooling and Servicing Agreement may encompass various types depending on its specific structure or purpose. Some possible variations include: 1. Residential Mortgage Pooling and Servicing Agreement: This type of agreement mainly focuses on pooling and servicing residential mortgage loans, providing guidelines for the management of residential real estate loans in San Bernardino County. 2. Commercial Mortgage Pooling and Servicing Agreement: This agreement pertains to pooling and servicing commercial mortgage loans, which involve financing for non-residential properties like office buildings, shopping centers, or industrial facilities in San Bernardino County. 3. Securitization Pooling and Servicing Agreement: This specific type of agreement is related to the securitization of mortgage loans, where the pooled mortgage loans are then sold off as mortgage-backed securities to investors, often through the issuance of asset-backed securities. These are just a few examples of the types of San Bernardino California Pooling and Servicing Agreements that could exist between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Each type may have its own unique terms, conditions, and requirements tailored to the specific nature of the mortgage loans being pooled and serviced.