Nassau New York 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: Nassau
• 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 Nassau New York Pooling and Servicing Agreement is a legal contract that outlines the terms and conditions, as well as the obligations of the parties involved, regarding the sale of mortgage loans to a trustee for inclusion in a Trust Fund. This agreement is specific to the jurisdiction of Nassau County, New York. The agreement typically includes provisions for the transfer, assignment, and conveyance of mortgage loans from the company to the trustee. It outlines the responsibilities of the trustee in managing the mortgage loans on behalf of the trust fund beneficiaries. The agreement also governs the servicing and administration of the mortgage loans, including the collection of payments, maintenance of escrow accounts, and handling of delinquencies and defaults. In addition to the general Nassau New York Pooling and Servicing Agreement, there may be different types or variations of this agreement that cater to specific situations or purposes. Some of these agreements include: 1. Fixed-Rate Mortgage Pooling and Servicing Agreement: This type of agreement specifically deals with the sale and servicing of fixed-rate mortgage loans. It outlines the terms and conditions unique to this type of lending product. 2. Adjustable-Rate Mortgage Pooling and Servicing Agreement: This agreement is tailored to address the sale and servicing of adjustable-rate mortgage loans, where the interest rates may fluctuate over time. It includes provisions to manage the adjustments and periodic rate changes. 3. Jumbo Mortgage Pooling and Servicing Agreement: This agreement applies to the sale and servicing of jumbo mortgage loans, which are loans that exceed the limit set by government-sponsored enterprises like Fannie Mae and Freddie Mac. It may involve additional considerations and requirements due to the larger loan amounts. 4. Subprime Mortgage Pooling and Servicing Agreement: This type of agreement specifically pertains to the sale and servicing of subprime mortgage loans, which are typically offered to borrowers with lower credit scores or less favorable financial profiles. It may include special provisions to mitigate risks associated with these types of loans. These are just a few examples of possible variations of the Nassau New York Pooling and Servicing Agreement. The specific type of agreement used will depend on the nature of the mortgage loans being sold and the requirements set forth by the parties involved.

The Nassau New York Pooling and Servicing Agreement is a legal contract that outlines the terms and conditions, as well as the obligations of the parties involved, regarding the sale of mortgage loans to a trustee for inclusion in a Trust Fund. This agreement is specific to the jurisdiction of Nassau County, New York. The agreement typically includes provisions for the transfer, assignment, and conveyance of mortgage loans from the company to the trustee. It outlines the responsibilities of the trustee in managing the mortgage loans on behalf of the trust fund beneficiaries. The agreement also governs the servicing and administration of the mortgage loans, including the collection of payments, maintenance of escrow accounts, and handling of delinquencies and defaults. In addition to the general Nassau New York Pooling and Servicing Agreement, there may be different types or variations of this agreement that cater to specific situations or purposes. Some of these agreements include: 1. Fixed-Rate Mortgage Pooling and Servicing Agreement: This type of agreement specifically deals with the sale and servicing of fixed-rate mortgage loans. It outlines the terms and conditions unique to this type of lending product. 2. Adjustable-Rate Mortgage Pooling and Servicing Agreement: This agreement is tailored to address the sale and servicing of adjustable-rate mortgage loans, where the interest rates may fluctuate over time. It includes provisions to manage the adjustments and periodic rate changes. 3. Jumbo Mortgage Pooling and Servicing Agreement: This agreement applies to the sale and servicing of jumbo mortgage loans, which are loans that exceed the limit set by government-sponsored enterprises like Fannie Mae and Freddie Mac. It may involve additional considerations and requirements due to the larger loan amounts. 4. Subprime Mortgage Pooling and Servicing Agreement: This type of agreement specifically pertains to the sale and servicing of subprime mortgage loans, which are typically offered to borrowers with lower credit scores or less favorable financial profiles. It may include special provisions to mitigate risks associated with these types of loans. These are just a few examples of possible variations of the Nassau New York Pooling and Servicing Agreement. The specific type of agreement used will depend on the nature of the mortgage loans being sold and the requirements set forth by the parties involved.