Hillsborough Florida Pooling and Servicing Agreement of New Century Mortgage Securities, Inc.

• Category: Corporations - Public - Pooling and Servicing
• State: Multi-State
• County: Hillsborough
• Control #: US-EG-9046
• Format: Word; Rich Text

Description

Pooling and Servicing Agreement of New Century Mortgage Securities, Inc. dated 00/00. 166 pages The Hillsborough Florida Pooling and Servicing Agreement of New Century Mortgage Securities, Inc. is a legal document that outlines the terms and conditions for the pooling and servicing of mortgage loans in Hillsborough County, Florida. This agreement is specific to the mortgage-backed securities issued by New Century Mortgage Securities, Inc. The purpose of the Hillsborough Florida Pooling and Servicing Agreement is to establish the rights and responsibilities of the various parties involved in the securitization process. These parties typically include the mortgage originators, services, trustees, and investors. The agreement outlines the terms under which the mortgage loans are pooled together to create a mortgage-backed security. It includes details about the eligibility criteria for the loans, such as creditworthiness and property valuation, as well as the required documentation and loan servicing procedures. Moreover, the agreement specifies the responsibilities of the service, who is responsible for collecting payments from borrowers, managing escrow accounts, and handling delinquencies or defaults. It also outlines the rights of the trustee, who ensures compliance with the terms of the agreement and acts as a fiduciary for the investors. Different types of Hillsborough Florida Pooling and Servicing Agreements may exist, depending on various factors such as loan types (conventional, FHA, VA, etc.), loan sizes, interest rates, and other specific characteristics. These agreements might have different guidelines, terms, and conditions tailored to meet the specific needs of the investors and market conditions. In summary, the Hillsborough Florida Pooling and Servicing Agreement of New Century Mortgage Securities, Inc. is a crucial legal document that governs the securitization process of mortgage loans in Hillsborough County, Florida. It establishes the guidelines for the pooling and servicing of loans, defines the roles and responsibilities of the involved parties, and ensures compliance with regulatory requirements.

The Hillsborough Florida Pooling and Servicing Agreement of New Century Mortgage Securities, Inc. is a legal document that outlines the terms and conditions for the pooling and servicing of mortgage loans in Hillsborough County, Florida. This agreement is specific to the mortgage-backed securities issued by New Century Mortgage Securities, Inc. The purpose of the Hillsborough Florida Pooling and Servicing Agreement is to establish the rights and responsibilities of the various parties involved in the securitization process. These parties typically include the mortgage originators, services, trustees, and investors. The agreement outlines the terms under which the mortgage loans are pooled together to create a mortgage-backed security. It includes details about the eligibility criteria for the loans, such as creditworthiness and property valuation, as well as the required documentation and loan servicing procedures. Moreover, the agreement specifies the responsibilities of the service, who is responsible for collecting payments from borrowers, managing escrow accounts, and handling delinquencies or defaults. It also outlines the rights of the trustee, who ensures compliance with the terms of the agreement and acts as a fiduciary for the investors. Different types of Hillsborough Florida Pooling and Servicing Agreements may exist, depending on various factors such as loan types (conventional, FHA, VA, etc.), loan sizes, interest rates, and other specific characteristics. These agreements might have different guidelines, terms, and conditions tailored to meet the specific needs of the investors and market conditions. In summary, the Hillsborough Florida Pooling and Servicing Agreement of New Century Mortgage Securities, Inc. is a crucial legal document that governs the securitization process of mortgage loans in Hillsborough County, Florida. It establishes the guidelines for the pooling and servicing of loans, defines the roles and responsibilities of the involved parties, and ensures compliance with regulatory requirements.