The Hennepin Minnesota Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 is a legal document that outlines the terms and conditions agreed upon between ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. in relation to underwriting services provided by Prudential Securities for the mortgage loans held by the trust. This agreement is specific to Hennepin County, Minnesota, and encompasses the various aspects of the underwriting process. Underwriting is a financial process in which a financial institution, such as Prudential Securities, assesses the risks associated with a loan and determines the appropriate terms, including interest rates, repayment schedule, and potential collateral. The underwriting agreement between ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. serves as a binding document that stipulates the roles, responsibilities, and compensation structure for each party involved. It guarantees that Prudential Securities will purchase a specified number of mortgage-backed securities from ABCs Mortgage Loan Trust 1999-4 and undertake the necessary marketing and selling efforts to ensure the successful distribution of these securities. The Hennepin Minnesota Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is an important legal document, setting forth the guidelines and requirements for both parties and ensuring compliance with applicable laws and regulations. It may include provisions related to the distribution of securities, compensation for underwriting services, indemnification, representations and warranties, termination, and dispute resolution. While the description provided above outlines the general nature of the underwriting agreement, it is important to note that there may be different types or variations of the Hennepin Minnesota Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4. These variations could arise due to specific terms negotiated between ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc., such as different compensation structures or additional provisions unique to a particular transaction. Overall, the Hennepin Minnesota Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a crucial legal document that governs the relationship and responsibilities between these two entities in the underwriting process for mortgage loans held by the trust.