The Wayne Michigan Granter Trust Agreement is a legal contract that establishes a trust relationship between three entities: Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. This agreement outlines the terms and conditions governing the creation and operation of the trust. The primary objective of this Granter Trust Agreement is to facilitate the pooling of mortgage-related assets, such as mortgage-backed securities or other related financial instruments, by these financial institutions. The agreement allows them to transfer these assets into a trust, where they are managed collectively for the benefit of the beneficiaries. The Wayne Michigan Granter Trust Agreement is designed to provide various advantages for all parties involved. By establishing this trust, the creditors can mitigate risks associated with individual mortgage investments, achieve diversification, and potentially increase liquidity for the underlying assets. For the beneficiaries, it offers an opportunity to gain exposure to a diversified pool of mortgage assets and receive regular income generated by the trust. It is important to note that there may be different types of Wayne Michigan Granter Trust Agreements between these entities. These variations could be based on factors such as the types of assets included in the trust, the specific terms and conditions of the agreement, and the desired investment objectives. Each agreement will outline the rights, obligations, and responsibilities of each party involved, as well as the distribution of income and potential risks associated with the trust. In conclusion, the Wayne Michigan Granter Trust Agreement is a legally binding contract between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. It establishes a trust relationship to pool mortgage-related assets for the benefit of the beneficiaries. The agreement aims to achieve diversification, risk mitigation, and potentially increased liquidity for the creditors, while providing the beneficiaries with exposure to a diversified pool of mortgage assets and regular income.