Wake North Carolina 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: Wake
• 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 Wake North Carolina Pooling and Servicing Agreement is a legal contract that outlines the terms and conditions for the sale of mortgage loans by a company to a trustee for inclusion in a Trust Fund. This agreement is commonly used in the mortgage industry to facilitate the securitization process. The Wake North Carolina Pooling and Servicing Agreement typically covers various aspects such as the responsibilities and obligations of the company, the trustee, and the loan service. It outlines the specific terms of the mortgage loans being sold, including the principal amount, interest rate, and loan term. The agreement also addresses the allocation of cash flows generated from the mortgage loans, the distribution of payments to investors, and the rights and remedies of the parties involved. Keywords: Wake North Carolina, Pooling and Servicing Agreement, sale of mortgage loans, Trustee, Trust Fund, company, securitization process, responsibilities, obligations, loan service, principal amount, interest rate, loan term, cash flows, distribution of payments, rights, remedies. There might be variations or types of Wake North Carolina Pooling and Servicing Agreements contemplating the sale of mortgage loans to Trustee for inclusion in the Trust Fund by the company based on specific characteristics or requirements. Some potential types of these agreements could include: 1. Residential Mortgage Pooling and Servicing Agreement: This type of agreement focuses on the sale and securitization of residential mortgage loans. 2. Commercial Mortgage Pooling and Servicing Agreement: This agreement is tailored to the sale and securitization of commercial mortgage loans used for properties such as office buildings, retail centers, or industrial facilities. 3. Government-Sponsored Enterprises (Uses) Pooling and Servicing Agreement: These agreements are specific to mortgage loans guaranteed or sponsored by government entities like Fannie Mae or Freddie Mac. 4. Non-Performing Loan Pooling and Servicing Agreement: This type of agreement pertains to the sale and securitization of non-performing mortgage loans, which are loans in default or delinquent. 5. Jumbo Mortgage Pooling and Servicing Agreement: This agreement focuses on the sale and securitization of high-value mortgage loans that exceed the conforming loan limits set by government agencies. It is important to note that the specific types of Wake North Carolina Pooling and Servicing Agreements may vary based on the preferences and requirements of the parties involved or the specific purpose of the securitization transaction.

A Wake North Carolina Pooling and Servicing Agreement is a legal contract that outlines the terms and conditions for the sale of mortgage loans by a company to a trustee for inclusion in a Trust Fund. This agreement is commonly used in the mortgage industry to facilitate the securitization process. The Wake North Carolina Pooling and Servicing Agreement typically covers various aspects such as the responsibilities and obligations of the company, the trustee, and the loan service. It outlines the specific terms of the mortgage loans being sold, including the principal amount, interest rate, and loan term. The agreement also addresses the allocation of cash flows generated from the mortgage loans, the distribution of payments to investors, and the rights and remedies of the parties involved. Keywords: Wake North Carolina, Pooling and Servicing Agreement, sale of mortgage loans, Trustee, Trust Fund, company, securitization process, responsibilities, obligations, loan service, principal amount, interest rate, loan term, cash flows, distribution of payments, rights, remedies. There might be variations or types of Wake North Carolina Pooling and Servicing Agreements contemplating the sale of mortgage loans to Trustee for inclusion in the Trust Fund by the company based on specific characteristics or requirements. Some potential types of these agreements could include: 1. Residential Mortgage Pooling and Servicing Agreement: This type of agreement focuses on the sale and securitization of residential mortgage loans. 2. Commercial Mortgage Pooling and Servicing Agreement: This agreement is tailored to the sale and securitization of commercial mortgage loans used for properties such as office buildings, retail centers, or industrial facilities. 3. Government-Sponsored Enterprises (Uses) Pooling and Servicing Agreement: These agreements are specific to mortgage loans guaranteed or sponsored by government entities like Fannie Mae or Freddie Mac. 4. Non-Performing Loan Pooling and Servicing Agreement: This type of agreement pertains to the sale and securitization of non-performing mortgage loans, which are loans in default or delinquent. 5. Jumbo Mortgage Pooling and Servicing Agreement: This agreement focuses on the sale and securitization of high-value mortgage loans that exceed the conforming loan limits set by government agencies. It is important to note that the specific types of Wake North Carolina Pooling and Servicing Agreements may vary based on the preferences and requirements of the parties involved or the specific purpose of the securitization transaction.