San Jose 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
• City: San Jose
• 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 San Jose, California Pooling and Servicing Agreement is a legal document that outlines the terms and conditions for the sale and transfer of mortgage loans to a trustee for inclusion in a trust fund. It is a crucial agreement used in securitizing mortgage loans, ensuring the smooth functioning and administration of the pooling and servicing process. Keywords: San Jose, California Pooling and Servicing Agreement, mortgage loans, trustee, trust fund, securitization, transfer, terms and conditions, administration. Different types of San Jose, California Pooling and Servicing Agreements contemplating the sale of mortgage loans to a trustee for inclusion in the trust fund may include: 1. Residential Mortgage-Backed Securities (RMBS) Pooling and Servicing Agreement: This type of agreement involves the pooling and securitization of residential mortgage loans. It outlines the rights and responsibilities of both the originating company and the trustee regarding the transfer, servicing, and management of these loans. 2. Commercial Mortgage-Backed Securities (CMOS) Pooling and Servicing Agreement: This agreement pertains to the securitization of commercial mortgage loans, such as loans for office buildings, shopping centers, or multi-family properties. It specifies the terms for the transfer and servicing of these loans, ensuring compliance with applicable laws and regulations. 3. Collateralized Mortgage Obligations (CMO) Pooling and Servicing Agreement: CMOs are complex financial instruments created by pooling mortgage loans and issuing different classes of securities backed by these loans. The Pooling and Servicing Agreement for CMOs establishes the structure and governance of the securitization process, including the cash flows, payment priority, and rights of bondholders. 4. Government-Sponsored Enterprise (GSE) Pooling and Servicing Agreement: This type of agreement is specific to mortgage loans backed by Government-Sponsored Enterprises like Fannie Mae or Freddie Mac. It outlines the terms and conditions for selling these loans to the Uses, including the loan origination, transfer, and servicing operation. 5. Non-Agency Pooling and Servicing Agreement: Non-Agency agreements refer to securitization that are not backed by government-sponsored entities. These agreements can vary in structure and terms, depending on the originating company and the characteristics of the mortgage loans being securitized. It is important to note that while these types of Pooling and Servicing Agreements exist, their specific names and structuring may vary among organizations and transactions.

The San Jose, California Pooling and Servicing Agreement is a legal document that outlines the terms and conditions for the sale and transfer of mortgage loans to a trustee for inclusion in a trust fund. It is a crucial agreement used in securitizing mortgage loans, ensuring the smooth functioning and administration of the pooling and servicing process. Keywords: San Jose, California Pooling and Servicing Agreement, mortgage loans, trustee, trust fund, securitization, transfer, terms and conditions, administration. Different types of San Jose, California Pooling and Servicing Agreements contemplating the sale of mortgage loans to a trustee for inclusion in the trust fund may include: 1. Residential Mortgage-Backed Securities (RMBS) Pooling and Servicing Agreement: This type of agreement involves the pooling and securitization of residential mortgage loans. It outlines the rights and responsibilities of both the originating company and the trustee regarding the transfer, servicing, and management of these loans. 2. Commercial Mortgage-Backed Securities (CMOS) Pooling and Servicing Agreement: This agreement pertains to the securitization of commercial mortgage loans, such as loans for office buildings, shopping centers, or multi-family properties. It specifies the terms for the transfer and servicing of these loans, ensuring compliance with applicable laws and regulations. 3. Collateralized Mortgage Obligations (CMO) Pooling and Servicing Agreement: CMOs are complex financial instruments created by pooling mortgage loans and issuing different classes of securities backed by these loans. The Pooling and Servicing Agreement for CMOs establishes the structure and governance of the securitization process, including the cash flows, payment priority, and rights of bondholders. 4. Government-Sponsored Enterprise (GSE) Pooling and Servicing Agreement: This type of agreement is specific to mortgage loans backed by Government-Sponsored Enterprises like Fannie Mae or Freddie Mac. It outlines the terms and conditions for selling these loans to the Uses, including the loan origination, transfer, and servicing operation. 5. Non-Agency Pooling and Servicing Agreement: Non-Agency agreements refer to securitization that are not backed by government-sponsored entities. These agreements can vary in structure and terms, depending on the originating company and the characteristics of the mortgage loans being securitized. It is important to note that while these types of Pooling and Servicing Agreements exist, their specific names and structuring may vary among organizations and transactions.