Mecklenburg North Carolina Grantor Trust Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA and Bank One, National Assoc.

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• County: Mecklenburg
• Control #: US-EG-9082
• Format: Word; Rich Text

Description

Grantor Trust Agr. btwn Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA and Bank One, National Association dated Nov. 1, 1999. 47 pages A Mecklenburg North Carolina Granter Trust Agreement is a legal contract formed between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. This agreement establishes a trust structure where the specified assets are transferred from the granters (Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc.) to the trust, which is managed by a trustee. The purpose of this trust agreement is to provide a means of securitizing mortgage loans, thereby enabling the granters to sell or transfer their mortgage assets to the trust. In return, the trust issues mortgage-backed securities (MBS) to investors, allowing the granters to generate liquidity while diversifying their credit risk. The Mecklenburg North Carolina Granter Trust Agreement typically outlines the roles and responsibilities of all parties involved. It includes detailed provisions regarding the composition of the trust assets, the rights and obligations of the trustee, the payment and distribution mechanisms, as well as procedures for any potential default scenarios. Specific keywords related to Mecklenburg North Carolina Granter Trust Agreement: 1. Mecklenburg North Carolina: This indicates the geographical location where the granter trust agreement is being executed, providing jurisdictional context. 2. Granter Trust: It signifies the legal structure where the granter transfers assets to the trust while maintaining control over it. 3. Credit Suisse First Boston Mortgage Securities Corp.: One of the granters involved in the trust agreement, known for its expertise in mortgage securities. 4. Washington Mutual Bank FA: Another granter participating in the trust agreement, recognized for its banking services. 5. Bank One, National Assoc.: The third granter involved in the agreement, representing a well-known financial institution. 6. Mortgage-backed Securities (MBS): Financial products issued by the trust in exchange for the transferred mortgage assets, representing an investment opportunity for potential investors. Different types of Mecklenburg North Carolina Granter Trust Agreements can exist, depending on the specific terms, conditions, and objectives of the parties involved. These agreements may vary based on the types of mortgage assets being transferred, the size and scope of the trust, as well as the rights and obligations of the granters and investors. It is essential to review each specific agreement to understand its nuances and variations.

A Mecklenburg North Carolina Granter Trust Agreement is a legal contract formed between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. This agreement establishes a trust structure where the specified assets are transferred from the granters (Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc.) to the trust, which is managed by a trustee. The purpose of this trust agreement is to provide a means of securitizing mortgage loans, thereby enabling the granters to sell or transfer their mortgage assets to the trust. In return, the trust issues mortgage-backed securities (MBS) to investors, allowing the granters to generate liquidity while diversifying their credit risk. The Mecklenburg North Carolina Granter Trust Agreement typically outlines the roles and responsibilities of all parties involved. It includes detailed provisions regarding the composition of the trust assets, the rights and obligations of the trustee, the payment and distribution mechanisms, as well as procedures for any potential default scenarios. Specific keywords related to Mecklenburg North Carolina Granter Trust Agreement: 1. Mecklenburg North Carolina: This indicates the geographical location where the granter trust agreement is being executed, providing jurisdictional context. 2. Granter Trust: It signifies the legal structure where the granter transfers assets to the trust while maintaining control over it. 3. Credit Suisse First Boston Mortgage Securities Corp.: One of the granters involved in the trust agreement, known for its expertise in mortgage securities. 4. Washington Mutual Bank FA: Another granter participating in the trust agreement, recognized for its banking services. 5. Bank One, National Assoc.: The third granter involved in the agreement, representing a well-known financial institution. 6. Mortgage-backed Securities (MBS): Financial products issued by the trust in exchange for the transferred mortgage assets, representing an investment opportunity for potential investors. Different types of Mecklenburg North Carolina Granter Trust Agreements can exist, depending on the specific terms, conditions, and objectives of the parties involved. These agreements may vary based on the types of mortgage assets being transferred, the size and scope of the trust, as well as the rights and obligations of the granters and investors. It is essential to review each specific agreement to understand its nuances and variations.