King Washington Pooling and Servicing Agreement contemplating the sale of mortgage loans to Trustee for inclusion in the Trust Fund by the company

• Category: Real Estate - Mortgages and Deeds of Trust
• State: Multi-State
• County: King
• Control #: US-EG-9219
• Format: Word; Rich Text

Description

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 King Washington Pooling and Servicing Agreement is a legal contract that outlines the specific details and terms regarding the sale of mortgage loans to a Trustee for inclusion in a Trust Fund, as conducted by a particular company. This agreement serves as the foundation for establishing and regulating the relationship between the company, the Trustee, and the Trust Fund. In this agreement, the company, acting as the mortgage loan originator or seller, intends to sell a pool of mortgage loans to the Trustee, representing a trust entity or fund. The purpose of this transaction is to combine and securitize these mortgage loans into a single investment product, allowing investors to participate in the cash flows and potential profits generated from the underlying mortgage assets. The King Washington Pooling and Servicing Agreement typically encompasses various provisions and clauses, covering aspects such as the terms and conditions of the sale, representations and warranties provided by the company, the allocation of rights and responsibilities between the parties, the servicing of the mortgage loans, and the distribution of cash flows to investors. Furthermore, there may be different types or variations of the King Washington Pooling and Servicing Agreement contemplating the sale of mortgage loans to a Trustee. These variations could arise due to specific characteristics of the mortgage loans being securitized, the unique terms required by different investors or regulatory bodies, or the preferences and strategies of the company involved. However, without specific information about the context or specific types of variations, it is challenging to provide more distinct names for these types of agreements. In conclusion, the King Washington Pooling and Servicing Agreement is a critical document involved in the process of securitizing mortgage loans, ensuring transparency, protection, and adherence to applicable regulations. This agreement facilitates the inclusion of mortgage loans into a Trust Fund, which serves as an investment vehicle for various stakeholders, offering potential returns based on the performance of the underlying mortgage assets.

The King Washington Pooling and Servicing Agreement is a legal contract that outlines the specific details and terms regarding the sale of mortgage loans to a Trustee for inclusion in a Trust Fund, as conducted by a particular company. This agreement serves as the foundation for establishing and regulating the relationship between the company, the Trustee, and the Trust Fund. In this agreement, the company, acting as the mortgage loan originator or seller, intends to sell a pool of mortgage loans to the Trustee, representing a trust entity or fund. The purpose of this transaction is to combine and securitize these mortgage loans into a single investment product, allowing investors to participate in the cash flows and potential profits generated from the underlying mortgage assets. The King Washington Pooling and Servicing Agreement typically encompasses various provisions and clauses, covering aspects such as the terms and conditions of the sale, representations and warranties provided by the company, the allocation of rights and responsibilities between the parties, the servicing of the mortgage loans, and the distribution of cash flows to investors. Furthermore, there may be different types or variations of the King Washington Pooling and Servicing Agreement contemplating the sale of mortgage loans to a Trustee. These variations could arise due to specific characteristics of the mortgage loans being securitized, the unique terms required by different investors or regulatory bodies, or the preferences and strategies of the company involved. However, without specific information about the context or specific types of variations, it is challenging to provide more distinct names for these types of agreements. In conclusion, the King Washington Pooling and Servicing Agreement is a critical document involved in the process of securitizing mortgage loans, ensuring transparency, protection, and adherence to applicable regulations. This agreement facilitates the inclusion of mortgage loans into a Trust Fund, which serves as an investment vehicle for various stakeholders, offering potential returns based on the performance of the underlying mortgage assets.