The Riverside California Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 is a legal document that outlines the terms and conditions under which the mortgage loans are underwritten by Prudential Securities, Inc. This agreement involves the sale of mortgage loans by the trust to investors, ensuring the investors are aware of the risks and benefits associated with their investment. Under the Riverside California Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4, Prudential Securities, Inc. acts as the underwriter, responsible for assessing the quality and suitability of the mortgage loans for potential investors. The underwriting process includes a thorough evaluation of the borrower's creditworthiness, loan-to-value ratio, and other relevant factors to determine the level of risks involved. One of the key aspects of the underwriting agreement is the establishment of the terms and conditions for the sale of the mortgage loans. These may include the agreed-upon interest rates, repayment terms, and other contractual obligations between the trust, Prudential Securities, Inc., and the investors. The Riverside California Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 also addresses the allocation of risks between the trust and Prudential Securities, Inc. It may outline provisions for indemnification and repurchase of any mortgage loans that do not meet the agreed-upon underwriting standards or turn out to be defective. It is important to note that while this description provides a general idea of the Riverside California Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc., specific variations and types of underwriting agreements can exist. These variations might include differences in terms, loan types, or specific requirements depending on the circumstances and parties involved. In summary, the Riverside California Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a legal agreement that governs the underwriting process of mortgage loans by Prudential Securities, Inc. for the trust. It establishes the terms and conditions of the underwriting, allocates risks, and ensures transparency and accountability for all parties involved.