Travis Texas Sample Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC

• Category: Corporations - Public - Loans
• State: Multi-State
• County: Travis
• Control #: US-EG-9375
• Format: Word; Rich Text

Description

Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corporation and Credit Suisse First Boston Mortgage Capital, LLC dated October 11, 1999. 17 pages. Travis Texas Sample Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC: The Travis Texas Sample Mortgage Loan Purchase Agreement is a legally binding document between Credit Suisse First Boston Mortgage Securities Corp. (CSF BMS) and Credit Suisse First Boston Mortgage Capital, LLC (CSF BMC). This agreement outlines the terms and conditions under which CSF BMS, as the buyer, agrees to purchase mortgage loans from CSF BMC, the seller. The purpose of this agreement is to facilitate the transfer of mortgage loans originated in Travis County, Texas, from CSF BMC to CSF BMS. This agreement ensures a smooth transaction process and establishes the rights and responsibilities of both parties involved. The key elements covered in the Travis Texas Sample Mortgage Loan Purchase Agreement include: 1. Mortgage Loan Details: The agreement provides a detailed description of the individual mortgage loans being transferred, including loan numbers, borrower information, loan amounts, interest rates, and terms. 2. Purchase Price: The agreement specifies the purchase price at which CSF BMS will acquire the mortgage loans from CSF BMC. It details how the purchase price will be determined, including any adjustments or calculations based on loan performance or other factors. 3. Reps and Warranties: CSF BMC makes certain representations and warranties regarding the mortgage loans being transferred. This ensures that the loans are valid and in compliance with applicable laws and regulations. CSF BMS also acknowledges and accepts these representations and warranties. 4. Conditions Precedent: The agreement outlines the conditions that must be fulfilled before the transfer of mortgage loans can occur. This may include due diligence, approval from regulatory authorities, and other necessary documentation required by both parties. 5. Indemnification: CSF BMC agrees to indemnify CSF BMS against any losses, damages, or liabilities arising from breaches of representations and warranties stated in the agreement. This provides financial protection to CSF BMS in case any issues arise related to the quality or legality of the mortgage loans. It's important to note that while this description is specific to the Travis Texas Sample Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC, similar types of mortgage loan purchase agreements may exist between other parties in different locations. These agreements could have different names or variations, but they essentially serve the same purpose of facilitating the transfer of mortgage loans from one entity to another.

Travis Texas Sample Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC: The Travis Texas Sample Mortgage Loan Purchase Agreement is a legally binding document between Credit Suisse First Boston Mortgage Securities Corp. (CSF BMS) and Credit Suisse First Boston Mortgage Capital, LLC (CSF BMC). This agreement outlines the terms and conditions under which CSF BMS, as the buyer, agrees to purchase mortgage loans from CSF BMC, the seller. The purpose of this agreement is to facilitate the transfer of mortgage loans originated in Travis County, Texas, from CSF BMC to CSF BMS. This agreement ensures a smooth transaction process and establishes the rights and responsibilities of both parties involved. The key elements covered in the Travis Texas Sample Mortgage Loan Purchase Agreement include: 1. Mortgage Loan Details: The agreement provides a detailed description of the individual mortgage loans being transferred, including loan numbers, borrower information, loan amounts, interest rates, and terms. 2. Purchase Price: The agreement specifies the purchase price at which CSF BMS will acquire the mortgage loans from CSF BMC. It details how the purchase price will be determined, including any adjustments or calculations based on loan performance or other factors. 3. Reps and Warranties: CSF BMC makes certain representations and warranties regarding the mortgage loans being transferred. This ensures that the loans are valid and in compliance with applicable laws and regulations. CSF BMS also acknowledges and accepts these representations and warranties. 4. Conditions Precedent: The agreement outlines the conditions that must be fulfilled before the transfer of mortgage loans can occur. This may include due diligence, approval from regulatory authorities, and other necessary documentation required by both parties. 5. Indemnification: CSF BMC agrees to indemnify CSF BMS against any losses, damages, or liabilities arising from breaches of representations and warranties stated in the agreement. This provides financial protection to CSF BMS in case any issues arise related to the quality or legality of the mortgage loans. It's important to note that while this description is specific to the Travis Texas Sample Mortgage Loan Purchase Agreement between Credit Suisse First Boston Mortgage Securities Corp. and Credit Suisse First Boston Mortgage Capital, LLC, similar types of mortgage loan purchase agreements may exist between other parties in different locations. These agreements could have different names or variations, but they essentially serve the same purpose of facilitating the transfer of mortgage loans from one entity to another.