Broward Florida Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A. and Bank One

• Category: Corporations - Public - Pooling and Servicing
• State: Multi-State
• County: Broward
• Control #: US-EG-9080
• Format: Word; Rich Text

Description

Pooling and Servicing Agr. btwn Credit Suisse First Boston Mortgage Securities Corp., Wash. Mutual Bank F.A. and Bank One - National Association dated Nov. 1, 1999. 213 pages The Broward Florida Pooling and Servicing Agreement is a legally binding contract between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One. This agreement governs the pooling and servicing of mortgage assets in the Broward County area of Florida. Key terms and provisions under the Broward Florida Pooling and Servicing Agreement include: 1. Asset Pooling: The agreement outlines the criteria for pooling various mortgage loans originated in Broward County. These loans are combined to create a mortgage-backed security (MBS) pool. 2. Service Responsibilities: The agreement specifies the responsibilities and obligations of the services, including the collection of mortgage payments, managing escrow accounts, and processing loan modifications or foreclosures. 3. Cash Flow Distribution: The agreement details how the cash flows from the mortgage pool will be distributed to different classes of MBS investors, including Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One. 4. Reporting and Accountability: The agreement contains provisions for regular reporting to investors and regulatory authorities concerning the performance of the mortgage pool, including updates on delinquency rates, foreclosure activity, and property valuation. 5. Remedies and Default: The agreement includes provisions for breach of contract and default scenarios, outlining the actions that can be taken by the parties involved to resolve disputes or address non-compliance. It's important to note that there might be variations or multiple Broward Florida Pooling and Servicing Agreements between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One, based on factors such as time period, specific mortgage loan types, or other negotiated terms. These variations may have unique names to differentiate between them, such as "Broward Florida Pooling and Servicing Agreement Series 2010-1" or "Broward Florida Pooling and Servicing Agreement — Option ARM Loans." The specific names and details of such variations would be reflected in the respective agreement documents.

The Broward Florida Pooling and Servicing Agreement is a legally binding contract between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One. This agreement governs the pooling and servicing of mortgage assets in the Broward County area of Florida. Key terms and provisions under the Broward Florida Pooling and Servicing Agreement include: 1. Asset Pooling: The agreement outlines the criteria for pooling various mortgage loans originated in Broward County. These loans are combined to create a mortgage-backed security (MBS) pool. 2. Service Responsibilities: The agreement specifies the responsibilities and obligations of the services, including the collection of mortgage payments, managing escrow accounts, and processing loan modifications or foreclosures. 3. Cash Flow Distribution: The agreement details how the cash flows from the mortgage pool will be distributed to different classes of MBS investors, including Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One. 4. Reporting and Accountability: The agreement contains provisions for regular reporting to investors and regulatory authorities concerning the performance of the mortgage pool, including updates on delinquency rates, foreclosure activity, and property valuation. 5. Remedies and Default: The agreement includes provisions for breach of contract and default scenarios, outlining the actions that can be taken by the parties involved to resolve disputes or address non-compliance. It's important to note that there might be variations or multiple Broward Florida Pooling and Servicing Agreements between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One, based on factors such as time period, specific mortgage loan types, or other negotiated terms. These variations may have unique names to differentiate between them, such as "Broward Florida Pooling and Servicing Agreement Series 2010-1" or "Broward Florida Pooling and Servicing Agreement — Option ARM Loans." The specific names and details of such variations would be reflected in the respective agreement documents.