Tarrant Texas 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: Tarrant
• 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 Tarrant Texas Pooling and Servicing Agreement is a legal document that outlines the terms and conditions of the pooling and servicing arrangement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. This agreement is specifically related to the management and servicing of mortgage-backed securities and loans in the Tarrant County area of Texas. The Tarrant Texas Pooling and Servicing Agreement serves as a contract between the entities involved, laying out the rights, obligations, and responsibilities of each party. It ensures transparency and compliance with applicable laws and regulations. Some keywords relevant to this agreement include: 1. Mortgage-backed securities: These are financial instruments that represent a fraction of ownership in a pool of underlying mortgages. They are created by pooling together individual mortgages and then selling them to investors. 2. Pooling: It refers to the process of combining multiple mortgages or other financial assets into a single investment pool. This allows for diversification and risk-sharing among investors. 3. Servicing: It involves the administration and management of mortgage loans, including collecting payments, maintaining escrow accounts, handling delinquencies, and managing foreclosure proceedings. 4. IMPACT Secured Assets Corp.: It refers to a specific entity involved in the agreement. IMPACT Secured Assets Corp. is a company that specializes in mortgage lending and servicing. 5. iMac Funding Corp.: Another entity part of the agreement, iMac Funding Corp. is likely a subsidiary or affiliate of IMPACT Secured Assets Corp., involved in the funding and securitization process. 6. Northwest Bank Minnesota, National Assoc.: This is a financial institution based in Minnesota that acts as a trustee or custodian for the mortgage-backed securities pool. They oversee compliance with the terms of the agreement and ensure proper distribution of cash flows to investors. It's important to note that without specific information on the different types of Tarrant Texas Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc., it is difficult to name them specifically. The agreement's articles, sections, or variations based on specific loan portfolios or terms might differentiate them.

Tarrant Texas Pooling and Servicing Agreement is a legal document that outlines the terms and conditions of the pooling and servicing arrangement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. This agreement is specifically related to the management and servicing of mortgage-backed securities and loans in the Tarrant County area of Texas. The Tarrant Texas Pooling and Servicing Agreement serves as a contract between the entities involved, laying out the rights, obligations, and responsibilities of each party. It ensures transparency and compliance with applicable laws and regulations. Some keywords relevant to this agreement include: 1. Mortgage-backed securities: These are financial instruments that represent a fraction of ownership in a pool of underlying mortgages. They are created by pooling together individual mortgages and then selling them to investors. 2. Pooling: It refers to the process of combining multiple mortgages or other financial assets into a single investment pool. This allows for diversification and risk-sharing among investors. 3. Servicing: It involves the administration and management of mortgage loans, including collecting payments, maintaining escrow accounts, handling delinquencies, and managing foreclosure proceedings. 4. IMPACT Secured Assets Corp.: It refers to a specific entity involved in the agreement. IMPACT Secured Assets Corp. is a company that specializes in mortgage lending and servicing. 5. iMac Funding Corp.: Another entity part of the agreement, iMac Funding Corp. is likely a subsidiary or affiliate of IMPACT Secured Assets Corp., involved in the funding and securitization process. 6. Northwest Bank Minnesota, National Assoc.: This is a financial institution based in Minnesota that acts as a trustee or custodian for the mortgage-backed securities pool. They oversee compliance with the terms of the agreement and ensure proper distribution of cash flows to investors. It's important to note that without specific information on the different types of Tarrant Texas Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc., it is difficult to name them specifically. The agreement's articles, sections, or variations based on specific loan portfolios or terms might differentiate them.