Dallas Texas 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: Dallas
• 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 Dallas Texas Pooling and Servicing Agreement refers to a legal 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 loans originated or acquired by these entities in the Dallas, Texas area. The parties involved collaborate to manage and administer the mortgage-backed securities (MBS) created from these loans, ensuring efficient operation and compliance with applicable regulations. This pooling and servicing agreement establishes the rights and responsibilities of each participant, outlining crucial terms and conditions. It covers aspects such as loan transfer procedures, cash flow distribution, servicing responsibilities, foreclosure guidelines, and investor reporting requirements. By clearly defining these processes, the agreement aims to facilitate seamless coordination and minimize potential conflicts among the parties involved. The Dallas Texas Pooling and Servicing Agreement emphasizes the roles of Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One in the securitization process. Credit Suisse First Boston functions as the main trustee and administrator of the mortgage-backed securities, overseeing the entire operation. Washington Mutual Bank F.A. and Bank One, on the other hand, act as the originators or acquirers of the mortgage loans, contributing to the initial pool and sharing in the risks and rewards associated with the MBS. There might be variations or multiple types of Dallas Texas Pooling and Servicing Agreements between these entities, differentiated based on the specific characteristics of the mortgage loans involved. These differences may include loan types (fixed-rate, adjustable-rate), loan amounts, geographic locations, borrower demographics, or any other criteria specified in the agreements. Each agreement will address the unique attributes of the mortgage loans being securitized, providing tailored guidelines for their management and servicing within the context of the Dallas, Texas market. In summary, the Dallas Texas Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One is a crucial legal document that outlines the collaborative efforts of these entities in efficiently managing and servicing mortgage loans in the Dallas, Texas area. By establishing clear guidelines and responsibilities, this agreement ensures transparency, compliance, and smooth operation of the mortgage-backed securities market.

Dallas Texas Pooling and Servicing Agreement refers to a legal 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 loans originated or acquired by these entities in the Dallas, Texas area. The parties involved collaborate to manage and administer the mortgage-backed securities (MBS) created from these loans, ensuring efficient operation and compliance with applicable regulations. This pooling and servicing agreement establishes the rights and responsibilities of each participant, outlining crucial terms and conditions. It covers aspects such as loan transfer procedures, cash flow distribution, servicing responsibilities, foreclosure guidelines, and investor reporting requirements. By clearly defining these processes, the agreement aims to facilitate seamless coordination and minimize potential conflicts among the parties involved. The Dallas Texas Pooling and Servicing Agreement emphasizes the roles of Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One in the securitization process. Credit Suisse First Boston functions as the main trustee and administrator of the mortgage-backed securities, overseeing the entire operation. Washington Mutual Bank F.A. and Bank One, on the other hand, act as the originators or acquirers of the mortgage loans, contributing to the initial pool and sharing in the risks and rewards associated with the MBS. There might be variations or multiple types of Dallas Texas Pooling and Servicing Agreements between these entities, differentiated based on the specific characteristics of the mortgage loans involved. These differences may include loan types (fixed-rate, adjustable-rate), loan amounts, geographic locations, borrower demographics, or any other criteria specified in the agreements. Each agreement will address the unique attributes of the mortgage loans being securitized, providing tailored guidelines for their management and servicing within the context of the Dallas, Texas market. In summary, the Dallas Texas Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One is a crucial legal document that outlines the collaborative efforts of these entities in efficiently managing and servicing mortgage loans in the Dallas, Texas area. By establishing clear guidelines and responsibilities, this agreement ensures transparency, compliance, and smooth operation of the mortgage-backed securities market.