Pooling and Servicing Agreement between MLCC Mortgage Investors, Inc., Merrill Lynch Credit Corporation and Bankers Trust Company of California, NA contemplating the sale of mortgage loans to Trustee for inclusion in the Trust Fund by the company dated
The Bexar Texas Pooling and Servicing Agreement is a legal document that outlines the terms and conditions for the sale of mortgage loans to a Trustee, which are then included in the Trust Fund by a company. This agreement allows for the pooling of various mortgage loans into a single investment vehicle, offering benefits such as risk diversification and increased liquidity. Keywords: Bexar Texas Pooling and Servicing Agreement, sale of mortgage loans, Trustee, inclusion in the Trust Fund, company. There are several types of Bexar Texas Pooling and Servicing Agreements contemplating the sale of mortgage loans to a Trustee. These include: 1. Standard Bexar Texas Pooling and Servicing Agreement: This agreement sets out the customary terms and provisions for the sale and servicing of mortgage loans to a Trustee. It covers details such as loan eligibility criteria, loan transfer procedures, servicing responsibilities, and payment mechanisms. 2. Securitized Bexar Texas Pooling and Servicing Agreement: This agreement pertains to the securitization of mortgage loans, where the loans are packaged and sold as mortgage-backed securities (MBS) to investors. It includes additional provisions regarding the creation, issuance, and distribution of MBS, as well as the rights and obligations of the Trustee and investors. 3. Risk-sharing Bexar Texas Pooling and Servicing Agreement: In this type of agreement, the company transfers a portion of the credit risk associated with the mortgage loans to the Trustee. It outlines the specific risk-sharing arrangements, such as the allocation of losses and the calculation of the Trustee's compensation based on the performance of the loans. 4. Synthetic Bexar Texas Pooling and Servicing Agreement: This agreement involves the creation of synthetic mortgage-backed securities, where the Trustee assumes the risk exposure without holding actual mortgage loans. Instead, the Trustee enters into derivative contracts that replicate the cash flows and credit risk of the underlying mortgage loans. In summary, the Bexar Texas Pooling and Servicing Agreement is a crucial legal document that governs the sale of mortgage loans to a Trustee for inclusion in the Trust Fund. Different types of agreements may exist, addressing various aspects such as standard sales, securitization, risk-sharing, and synthetic structures.
The Bexar Texas Pooling and Servicing Agreement is a legal document that outlines the terms and conditions for the sale of mortgage loans to a Trustee, which are then included in the Trust Fund by a company. This agreement allows for the pooling of various mortgage loans into a single investment vehicle, offering benefits such as risk diversification and increased liquidity. Keywords: Bexar Texas Pooling and Servicing Agreement, sale of mortgage loans, Trustee, inclusion in the Trust Fund, company. There are several types of Bexar Texas Pooling and Servicing Agreements contemplating the sale of mortgage loans to a Trustee. These include: 1. Standard Bexar Texas Pooling and Servicing Agreement: This agreement sets out the customary terms and provisions for the sale and servicing of mortgage loans to a Trustee. It covers details such as loan eligibility criteria, loan transfer procedures, servicing responsibilities, and payment mechanisms. 2. Securitized Bexar Texas Pooling and Servicing Agreement: This agreement pertains to the securitization of mortgage loans, where the loans are packaged and sold as mortgage-backed securities (MBS) to investors. It includes additional provisions regarding the creation, issuance, and distribution of MBS, as well as the rights and obligations of the Trustee and investors. 3. Risk-sharing Bexar Texas Pooling and Servicing Agreement: In this type of agreement, the company transfers a portion of the credit risk associated with the mortgage loans to the Trustee. It outlines the specific risk-sharing arrangements, such as the allocation of losses and the calculation of the Trustee's compensation based on the performance of the loans. 4. Synthetic Bexar Texas Pooling and Servicing Agreement: This agreement involves the creation of synthetic mortgage-backed securities, where the Trustee assumes the risk exposure without holding actual mortgage loans. Instead, the Trustee enters into derivative contracts that replicate the cash flows and credit risk of the underlying mortgage loans. In summary, the Bexar Texas Pooling and Servicing Agreement is a crucial legal document that governs the sale of mortgage loans to a Trustee for inclusion in the Trust Fund. Different types of agreements may exist, addressing various aspects such as standard sales, securitization, risk-sharing, and synthetic structures.