Guam Pooling and Servicing Agreement is a legal contract between Green point Credit, LLC and Bank One, National Association, that outlines the terms and conditions for pooling and servicing residential mortgage loans. This agreement allows Green point Credit, LLC (the "Seller") to bundle a group of mortgages into mortgage-backed securities (MBS) and transfer them to Bank One, National Association (the "Service"). Green point Credit, LLC and Bank One, National Association entered into multiple types of Guam Pooling and Servicing Agreements, each serving different purposes. Here are some variations: 1. Standard Guam Pooling and Servicing Agreement: The standard Guam Pooling and Servicing Agreement sets forth the agreement between the Seller and the Service for regularly pooling residential mortgage loans. It defines the responsibilities and obligations of each party, including the notification requirements, loan servicing guidelines, loan modifications provisions, and other pertinent terms. 2. Guam Pooling and Servicing Agreement for Conforming Mortgages: This type of agreement specifically addresses the pooling and servicing of conforming mortgages, which follow the guidelines set by government-sponsored entities such as Fannie Mae and Freddie Mac. It covers specific requirements and regulations for conforming loans to ensure compliance with applicable standards. 3. Guam Pooling and Servicing Agreement for Non-Conforming Mortgages: Non-conforming mortgages are loans that do not meet the criteria established by government-sponsored entities. This agreement outlines the pooling and servicing requirements for such mortgages, accounting for the unique characteristics and risk associated with these loans. 4. Guam Pooling and Servicing Agreement with Special Provisions: Some Guam Pooling and Servicing Agreements may have special provisions to address specific circumstances or requirements. These provisions could include provisions for adjustable-rate mortgages (ARM's), jumbo loans, subprime mortgages, or other unique situations based on the needs of Green point Credit and Bank One, National Association. It is essential for Green point Credit, LLC and Bank One, National Association to carefully draft and execute these Pooling and Servicing Agreements to ensure compliance with applicable laws and regulations, expertly manage risks, and maintain the effective transfer and servicing of mortgage loans.
Guam Pooling and Servicing Agreement between Greenpoint Credit, LLC and Bank One, National Association
Description
How to fill out Guam Pooling And Servicing Agreement Between Greenpoint Credit, LLC And Bank One, National Association?
If you need to total, obtain, or print legitimate papers templates, use US Legal Forms, the largest collection of legitimate varieties, that can be found online. Take advantage of the site`s basic and practical look for to find the paperwork you require. Numerous templates for organization and person functions are categorized by types and suggests, or keywords and phrases. Use US Legal Forms to find the Guam Pooling and Servicing Agreement between Greenpoint Credit, LLC and Bank One, National Association with a handful of clicks.
When you are currently a US Legal Forms buyer, log in to the accounts and click the Download switch to get the Guam Pooling and Servicing Agreement between Greenpoint Credit, LLC and Bank One, National Association. You may also accessibility varieties you previously delivered electronically from the My Forms tab of your accounts.
If you work with US Legal Forms the very first time, follow the instructions under:
- Step 1. Be sure you have selected the form for that proper metropolis/region.
- Step 2. Take advantage of the Preview solution to look through the form`s information. Do not neglect to learn the description.
- Step 3. When you are unsatisfied with the type, use the Research area on top of the display to get other versions of the legitimate type format.
- Step 4. Once you have located the form you require, click the Acquire now switch. Opt for the prices strategy you choose and include your qualifications to register to have an accounts.
- Step 5. Method the purchase. You can use your charge card or PayPal accounts to accomplish the purchase.
- Step 6. Select the structure of the legitimate type and obtain it on the gadget.
- Step 7. Comprehensive, change and print or indicator the Guam Pooling and Servicing Agreement between Greenpoint Credit, LLC and Bank One, National Association.
Each and every legitimate papers format you purchase is your own forever. You may have acces to each and every type you delivered electronically with your acccount. Click on the My Forms segment and pick a type to print or obtain again.
Contend and obtain, and print the Guam Pooling and Servicing Agreement between Greenpoint Credit, LLC and Bank One, National Association with US Legal Forms. There are thousands of professional and express-certain varieties you can utilize for your personal organization or person needs.
Form popularity
FAQ
North Fork Bancorp acquired GreenPoint Financial in October 2004 for $6.3 billion in stock. In December 2006, purchased North Fork. shut down GreenPoint by the third quarter of 2007 at an after-tax loss of $1 billion.
Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process. Loan servicing covers everything after disbursing the funds until the loan is fully paid off.
Definition. Loan servicing is the process that a company, known as the loan servicer, goes through to collect payments, interest, and escrow (if needed) from borrowers of loans.
Opens in a new tab. opens in a new tab. Servicing Agreements. Introduction. A Servicing Agreement (or Loan Servicing Agreement) is a document entered into in connection with a facility established for the securitization of various types of assets, most often loans, receivables or leases.
Loan servicing includes sending monthly payment statements, collecting monthly payments, maintaining records of payments and balances, collecting and paying taxes and insurance (and managing escrow funds), remitting funds to the note holder, and following up on any delinquencies.
The ?Pooling and Servicing Agreement? is the legal document that contains the responsibilities and rights of the servicer, the trustee, and others over a pool of mortgage loans.
A Servicing Agreement (or Loan Servicing Agreement) is a document entered into in connection with a facility established for the securitization of various types of assets, most often loans, receivables or leases.