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Kansas City
Pooling and Servicing Agreement between Credit Suisse First Boston...

Kansas City Missouri Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A. and Bank One

Category:

Corporations - Public - Pooling and Servicing

State:

Multi-State

City:

Kansas City

Control #:

US-EG-9080

Format:

Word;

Rich Text

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Description

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

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Interesting Questions

Can the terms of the agreement change?

Yes, the terms can change, but it usually requires the consent of all parties involved. Changes typically happen if there's a significant reason that affects the agreement.

What happens if a borrower misses payments?

If a borrower misses payments, the servicing organization outlined in the agreement will step in to handle the default process, which includes collection efforts or possible foreclosure.

How are investors affected by the pooling agreement?

Investors benefit from the agreement as it allows them to invest in a diversified pool of mortgage loans, which can provide returns over time.

What types of loans are covered in this agreement?

Typically, the agreement covers residential mortgage loans, which are bundled together to create a security for investors.

Why is this agreement important?

This agreement is crucial because it ensures that everyone knows their responsibilities and rights regarding the mortgage loans, which helps keep everything running smoothly.

Who are the major players in this agreement?

The key players in the Kansas City agreement are Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One. Each has a specific role in the management and servicing of the loans.

What is a Pooling and Servicing Agreement?

A Pooling and Servicing Agreement is a legal contract outlining how mortgage loans are collected, serviced, and managed within a pool. It lays down the rules for all parties involved.

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Kansas City Missouri Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A. and Bank One

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