Illinois Pooling and Servicing Agreement of New Century Mortgage Securities, Inc.
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How to fill out Pooling And Servicing Agreement Of New Century Mortgage Securities, Inc.?
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NOTE: Another way to find a PSA is to go to the SEC EDGAR search index page: .
The servicing of your mortgage loan is being transferred, effective [Date]. This means that after this date, a new servicer will be collecting your mortgage loan payments from you. Nothing else about your mortgage loan will change.
The transferee servicer shall provide the notice of transfer to the borrower not more than 15 days after the effective date of the transfer.
What Is a Mortgage Pool? A mortgage pool is a group of mortgages held in trust as collateral for the issuance of a mortgage-backed security. Some mortgage-backed securities issued by Fannie Mae, Freddie Mac, and Ginnie Mae are known as "pools" themselves. These are the simplest form of mortgage-backed security.
A mortgage servicing disclosure provides information from the lender about whether or not the servicing of the loan may be transferred, sold, or assigned to some other person or entity during the life of the loan.
Know your rights under the law You have a 60-day grace period after a transfer to a new servicer.
