Maricopa, Arizona Pooling and Servicing Agreement is a legal document that outlines the terms and conditions established between Green point Credit, LLC and Bank One, National Association for the pooling and servicing of mortgage-backed securities in Maricopa, Arizona. This agreement serves as a crucial framework for the smooth operation and management of these securities. The primary purpose of this agreement is to establish the responsibilities and obligations of Green point Credit, LLC (the service) and Bank One, National Association (the trustee) regarding the pooling and servicing of Maricopa, Arizona mortgage-backed securities. It outlines how the loans will be aggregated into a pool and subsequently serviced. Some key aspects covered in the Maricopa, Arizona Pooling and Servicing Agreement may include: 1. Pooling Requirements: The agreement defines the specific criteria for the loans to be included in the pool. These criteria typically include loan types, credit ratings, geographic location (such as Maricopa, Arizona), loan-to-value ratios, and other relevant attributes. 2. Loan Servicing: It outlines the responsibilities of Green point Credit, LLC as the service in terms of collecting payments from borrowers, maintaining escrow accounts, managing delinquencies, and remitting funds to the trustee, Bank One, National Association. 3. Reporting and Remittance: The agreement establishes the reporting requirements to be followed by Green point Credit, LLC, including providing periodic reports on loan performance, delinquencies, foreclosures, and any other relevant information. It also specifies the frequency and format for remitting funds to Bank One, National Association. 4. Trustee's Duties: Bank One, National Association, acting as the trustee, is responsible for overseeing the operations of the pooling and servicing activities. This includes ensuring compliance with legal and regulatory requirements, enforcing the terms of the agreement, and taking necessary actions to protect the interests of investors in the mortgage-backed securities. While the content described above pertains to the general structure of a Maricopa, Arizona Pooling and Servicing Agreement between Green point Credit, LLC and Bank One, National Association, it's important to note that the specific terms and conditions may vary depending on the requirements of each individual agreement.
Maricopa Arizona Pooling and Servicing Agreement between Greenpoint Credit, LLC and Bank One, National Association
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