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Pooling and Servicing Agreement between Credit Suisse First Boston...
Memphis Tennessee Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A. and Bank One
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
The PSA includes provisions designed to keep everything above board, ensuring that all parties know their roles and responsibilities. It’s about making sure everyone is on the same page and plays fair.
Typically, the terms of the PSA are set in stone once signed, but there may be certain conditions under which modifications can occur. It’s a bit like trying to change the rules of a game after it's already started.
If a borrower defaults, the PSA lays out the steps the servicer must take to handle the situation. It’s like having a game plan for when things go haywire.
For homeowners, the PSA means their mortgage payments are pooled together and serviced by these financial institutions, which can impact how their loans are managed and how payments are processed.
The PSA generally covers a range of mortgage loans, usually residential ones. It’s like a mixed bag of home loans wrapped up in one package.
The key players include Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A., and Bank One. Think of them as the team working together to manage the mortgage loans.
The PSA is like the rulebook for how mortgage loans will be handled in a securitization. It sets the stage for how the payments, servicing, and everything else works smoothly.
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Memphis Tennessee Pooling and Servicing Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank F.A. and Bank One