Houston 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
• City: Houston
• 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 Houston Texas Pooling and Servicing Agreement (PSA) is a legal contract between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One. This agreement outlines the terms and conditions for pooling mortgage loans and servicing them as a consolidated investment vehicle. Houston, Texas serves as the jurisdiction for this agreement. The PSA establishes the framework for the securitization of mortgage loans, creating mortgage-backed securities (MBS) that can be traded in the secondary market. Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One act as parties involved in the pooling and servicing of these mortgage loans. Keywords: Houston Texas, Pooling and Servicing Agreement, Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., Bank One, mortgage-backed securities, securitization, secondary market. There are different types of Pooling and Servicing Agreements that can be established between these entities, based on the specific terms and conditions agreed upon. Some examples of these variations may include: 1. Agency Agreement: This type of PSA defines the relationship between the parties where one entity (often a trustee or service) acts on behalf of the others, ensuring compliance with legal and contractual obligations. 2. Sub-Servicing Agreement: In some cases, one of the parties may engage a sub-series to handle loan administration and collection activities. This sub-servicing agreement outlines the responsibilities and compensation for the services provided. 3. Master Agreement: The parties involved in multiple securitization transactions may opt for a master PSA. This agreement establishes a standardized framework for future transactions while allowing for specific terms to be negotiated for each individual securitized pool. 4. Co-Issuance Agreement: If the parties decide to jointly issue mortgage-backed securities, a co-issuance agreement is drafted. This agreement outlines the responsibilities, liabilities, and profit-sharing arrangements between the entities involved. It is important to note that the specific terms and structures of Houston Texas Pooling and Servicing Agreements between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One may vary depending on the needs and preferences of the parties involved.

Houston Texas Pooling and Servicing Agreement (PSA) is a legal contract between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One. This agreement outlines the terms and conditions for pooling mortgage loans and servicing them as a consolidated investment vehicle. Houston, Texas serves as the jurisdiction for this agreement. The PSA establishes the framework for the securitization of mortgage loans, creating mortgage-backed securities (MBS) that can be traded in the secondary market. Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One act as parties involved in the pooling and servicing of these mortgage loans. Keywords: Houston Texas, Pooling and Servicing Agreement, Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., Bank One, mortgage-backed securities, securitization, secondary market. There are different types of Pooling and Servicing Agreements that can be established between these entities, based on the specific terms and conditions agreed upon. Some examples of these variations may include: 1. Agency Agreement: This type of PSA defines the relationship between the parties where one entity (often a trustee or service) acts on behalf of the others, ensuring compliance with legal and contractual obligations. 2. Sub-Servicing Agreement: In some cases, one of the parties may engage a sub-series to handle loan administration and collection activities. This sub-servicing agreement outlines the responsibilities and compensation for the services provided. 3. Master Agreement: The parties involved in multiple securitization transactions may opt for a master PSA. This agreement establishes a standardized framework for future transactions while allowing for specific terms to be negotiated for each individual securitized pool. 4. Co-Issuance Agreement: If the parties decide to jointly issue mortgage-backed securities, a co-issuance agreement is drafted. This agreement outlines the responsibilities, liabilities, and profit-sharing arrangements between the entities involved. It is important to note that the specific terms and structures of Houston Texas Pooling and Servicing Agreements between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One may vary depending on the needs and preferences of the parties involved.