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Quick Guide to Pooling and Servicing Agreements in Foreclosure Cases  Form

Quick Guide to Pooling and Servicing Agreements in Foreclosure Cases Form

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hi everybody my name is Christopher Rocky I'm the director of education at mortgage resolution Services a subsidiary of fnf our nation's largest real estate provider today we're going to be talking about the pooling and service agreement now I know a lot of you haven't heard about what a pooling and service agreement is or how that in any way could dictate the terms of how the short sale is going to go so let's talk about the pulling and service agreement and why that's relevant to you first of all remember when you're signing loan documents between 2002 and 2007 and a half especially there is a disclosure that says all loans will be sold into the secondary Market oftentimes as a mortgage-backed security otherwise known as a CVO or a collateralized debt obligation now why that's relevant is because when we are selling these mortgage-backed Securities on Wall Street and we have these investors coming in and buying these the terms of that investor are dictated through a pulling and servi

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