The Cuyahoga Ohio Pooling and Servicing Agreement (PSA) of New Century Mortgage Securities, Inc. refers to a legally binding contract that governs the pooling and servicing of mortgage loans within the Cuyahoga County, Ohio area. New Century Mortgage Securities, Inc. is the entity responsible for creating and overseeing these agreements. This agreement plays a crucial role in securitizing mortgage loans, which involves bundling multiple loans together to create mortgage-backed securities (MBS). The Cuyahoga Ohio PSA outlines the rights and responsibilities of the involved parties, including the mortgage loan originators, services, trustees, and investors. Different types of Cuyahoga Ohio Pooling and Servicing Agreements could be: 1. Residential Mortgage-Backed Securities (RMBS) PSA: This type of agreement pertains to the securitization of residential mortgage loans within Cuyahoga County, Ohio. It covers the specific terms and conditions related to these loans. 2. Commercial Mortgage-Backed Securities (CMOS) PSA: This variant of the Cuyahoga Ohio PSA focuses on securitizing commercial mortgage loans, which typically involve properties such as office buildings, hotels, or shopping centers in the Cuyahoga County area. 3. Government-Sponsored Enterprise (GSE) PSA: This type of agreement pertains to mortgage loans that are guaranteed or backed by government-sponsored enterprises like Fannie Mae or Freddie Mac. It ensures compliance with specific guidelines set forth by these entities. 4. Non-Agency PSA: Non-agency or non-conforming mortgage loans, which do not meet the criteria set by Uses, have their own type of Cuyahoga Ohio PSA. These agreements often provide more flexibility but may involve different risk factors. The Cuyahoga Ohio Pooling and Servicing Agreement of New Century Mortgage Securities, Inc. serves as a critical document in the mortgage-backed securities market, ensuring transparency, compliance, and protection for all parties involved.