Sacramento California 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: Sacramento
• 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 A Sacramento California Pooling and Servicing Agreement is a legal document that outlines the terms and conditions under which mortgage loans are packaged and sold by a company to a trustee, who then includes them in a trust fund. This agreement is commonly used in the mortgage-backed securities industry to transfer the ownership of mortgage loans from the originating lender to a trustee who represents the investors. The Pooling and Servicing Agreement (PSA) serves as the governing document for the securitization process and includes provisions related to loan eligibility, payment terms, servicing responsibilities, and reporting requirements. It specifies the rules and regulations that the trustee and the company must adhere to throughout the life cycle of the mortgage loans. In the case of Sacramento California Pooling and Servicing Agreement, some specific types of agreements can be named: 1. Residential Mortgage-Backed Securities (RMBS) Agreement: This agreement focuses on residential mortgage loans, where individual home loans are pooled together, securitized, and sold to investors as mortgage-backed securities. 2. Commercial Mortgage-Backed Securities (CMOS) Agreement: This type of agreement involves pooling and securitizing commercial mortgage loans, typically secured by income-generating properties such as office buildings, retail centers, or hotels. 3. Collateralized Loan Obligation (CIO) Agreement: CIO agreements facilitate the pooling and securitization of corporate loans originated by various lenders. These agreements are commonly used in the corporate lending market. 4. Asset-Backed Securities (ABS) Agreement: ABS agreements cover a wide range of assets such as auto loans, student loans, credit card receivables, or lease payments. In this scenario, the company packages the mortgage loans as part of a larger pool of assets to be securitized. It's important to note that the specific terms and conditions of these agreements may vary based on the company, type of loan, and investor requirements. The PSA ensures that the transfer of mortgage loans is handled according to regulatory guidelines, safeguarding the interests of all parties involved.

A Sacramento California Pooling and Servicing Agreement is a legal document that outlines the terms and conditions under which mortgage loans are packaged and sold by a company to a trustee, who then includes them in a trust fund. This agreement is commonly used in the mortgage-backed securities industry to transfer the ownership of mortgage loans from the originating lender to a trustee who represents the investors. The Pooling and Servicing Agreement (PSA) serves as the governing document for the securitization process and includes provisions related to loan eligibility, payment terms, servicing responsibilities, and reporting requirements. It specifies the rules and regulations that the trustee and the company must adhere to throughout the life cycle of the mortgage loans. In the case of Sacramento California Pooling and Servicing Agreement, some specific types of agreements can be named: 1. Residential Mortgage-Backed Securities (RMBS) Agreement: This agreement focuses on residential mortgage loans, where individual home loans are pooled together, securitized, and sold to investors as mortgage-backed securities. 2. Commercial Mortgage-Backed Securities (CMOS) Agreement: This type of agreement involves pooling and securitizing commercial mortgage loans, typically secured by income-generating properties such as office buildings, retail centers, or hotels. 3. Collateralized Loan Obligation (CIO) Agreement: CIO agreements facilitate the pooling and securitization of corporate loans originated by various lenders. These agreements are commonly used in the corporate lending market. 4. Asset-Backed Securities (ABS) Agreement: ABS agreements cover a wide range of assets such as auto loans, student loans, credit card receivables, or lease payments. In this scenario, the company packages the mortgage loans as part of a larger pool of assets to be securitized. It's important to note that the specific terms and conditions of these agreements may vary based on the company, type of loan, and investor requirements. The PSA ensures that the transfer of mortgage loans is handled according to regulatory guidelines, safeguarding the interests of all parties involved.