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Pooling and Servicing Agr. btwn Credit Suisse First Boston Mortgage Securities Corp., Wash. Mutual Bank F.A. and Bank One - National Association dated Nov. 1, 1999. 213 pages
Yes, these types of agreements pop up fairly often. They help keep the mortgage industry running smoothly, like oil in a machine.
Changes can happen, but they usually require everyone to come to the table and agree on the new terms. Nobody likes a surprise!
If things go south with the loans, the agreement lays out how each party will step in and sort it out. It's like having a back-up plan.
This agreement aims to help homeowners by ensuring their loans are managed well. It's all about keeping things on track so they can stay in their homes.
The big players in this deal are Credit Suisse First Boston, Washington Mutual Bank, and Bank One. They each have their role to keep things running smoothly.
The pooling and servicing agreement is like a rulebook for handling a group of loans. It makes sure all parties play nice and do their jobs properly.