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Pooling and Servicing Agr. btwn IMPAC Secured Assets Corporation, IMAC Funding Corporation and Northwest Bank Minnesota, National Association dated Dec. 1, 1999. 142 pages
Yes, adjustments can be made, but they usually require a consensus among the key players. It’s like changing the rules of the game, and everyone needs to be on board.
Absolutely! The agreement provides reports and updates, keeping everyone in the loop like a well-oiled machine. It’s all about transparency.
If things go sideways, the agreement has guidelines for how to tackle issues, like defaults. It’s a roadmap to navigate the bumps in the road.
The big names in this deal are IMPAC Secured Assets Corp., IMAC Funding Corp., and Northwest Bank Minnesota, National Assoc. They're the folks calling the shots.
The pooling and servicing agreement is like a playbook for managing and organizing loans or mortgage-backed securities. It ensures everyone knows their roles and keeps the operation smooth.