A Hawaii Granter Trust Agreement is a legal document that establishes a trust relationship between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. It outlines the terms and conditions of the trust agreement and defines the roles and responsibilities of all parties involved. The primary purpose of this granter trust agreement is to provide a framework for pooling mortgage loans and creating mortgage-backed securities (MBS) that can be sold to investors. The agreement allows the three entities to combine their mortgage assets into a trust, which is then managed by a trustee appointed by the parties. By entering into this trust agreement, Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. Are able to securitize their mortgage loans, reducing risk and increasing liquidity. This agreement also helps the parties to diversify their mortgage portfolios and attract a broader range of investors. One of the key aspects of the Hawaii Granter Trust Agreement is the allocation of cash flows from the mortgage loans to the investors. The agreement specifies how the principal and interest payments received from the borrowers are distributed among the investors based on their respective investments in the trust. This ensures a fair and transparent distribution of income from the mortgage-backed securities. Moreover, there may be different types of Hawaii Granter Trust Agreements between the three parties depending on the specific characteristics of the mortgage loans being securitized. These variations could include the type of properties securing the loans (residential, commercial, or mixed-use), the geographic location of the properties (Hawaii or other states), or the credit quality of the borrowers. In summary, a Hawaii Granter Trust Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. Enables the securitization of mortgage loans into mortgage-backed securities. It provides a legal framework for the pooling of mortgage assets, the fair distribution of cash flows, and aims to increase liquidity and diversification for the parties involved.