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Quick Guide to Pooling and Servicing Agreements in Foreclosure Cases Form
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People also ask
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What is a servicing agreement for a loan?
What is a Loan Servicing Agreement? A loan servicing agreement is a legal agreement between a lender and a third party, the servicer, that outlines the terms and conditions for which that third party will provide loan servicing services. -
What is a PSA for a loan?
The Public Securities Association Standard Prepayment Model (PSA) is the assumed monthly rate of prepayment that is annualized to the outstanding principal balance of a mortgage loan. -
What is a pooling and servicing agreement?
The “Pooling and Servicing Agreement” is the legal document that contains the responsibilities and rights of the servicer, the trustee, and others over a pool of mortgage loans.
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