Washington Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A. and Bank One
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How to fill out Pooling And Servicing Agreement Between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A. And Bank One?
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FAQ
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.
The transferee servicer shall provide the notice of transfer to the borrower not more than 15 days after the effective date of the transfer.
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.
Know your rights under the law You have a 60-day grace period after a transfer to a new servicer.
NOTE: Another way to find a PSA is to go to the SEC EDGAR search index page: .
Mortgages are typically transferred to SPS once they reach a delinquent status on their payments. Direct mortgage lenders tried to protect their brand against things like foreclosures so if a mortgage is more than 60 days past due it might be sold to SPS so that SPS can handle the remainder of the repayment.
