|
|
|
|
Document Preview Pooling and Servicing Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Pooling and Servicing Agreement |
|||
|
Entities: |
Freddie Mac; McGraw-Hill Companies Inc.; Rasc Series 2006-Emx2 Trust; U.S. Bank, NA; Wells Fargo Bank, NA; Federal National Mortgage Association; International Swaps & Derivatives Association, Inc. |
|||
|
Date: |
2006 |
|||
|
Size: |
Preview shows 5KB of 790KB total |
|||
|
Price: |
$99 |
|||
|
ID: |
#2366436 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
RESIDENTIAL ASSET SECURITIES CORPORATION,
Depositor,
RESIDENTIAL FUNDING CORPORATION,
Master Servicer,
and
U.S. BANK NATIONAL ASSOCIATION
Trustee
POOLING AND SERVICING AGREEMENT
Dated as of February 1, 2006
Home Equity Mortgage Asset-Backed Pass-Through Certificates
Series 2006-EMX2
TABLE OF CONTENTS
PAGE
ARTICLE I DEFINITIONS.......................................................................3
Section 1.01. Definitions.......................................................3
Section 1.02. Determination of LIBOR...........................................41
ARTICLE II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES.................43
Section 2.01. Conveyance of Mortgage Loans.....................................43
Section 2.02. Acceptance by Trustee............................................46
Section 2.03. Representations, Warranties and Covenants of the Master
Servicer and the Depositor.......................................47
Section 2.04. Representations and Warranties of Sellers........................49
Section 2.05. Execution and Authentication of Certificates; Conveyance of
REMIC-I Regular Interests........................................51
Section 2.06. Purposes and Powers of the Trust.................................51
Section 2.07. Agreement Regarding Ability to Disclose..........................52
ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS.................................53
Section 3.01. Master Servicer to Act as Servicer...............................53
Section 3.02. Subservicing Agreements Between Master Servicer and
Subservicers; Enforcement of Subservicers' Obligations...........55
Section 3.03. Successor Subservicers...........................................56
Section 3.04. Liability of the Master Servicer.................................56
Section 3.05. No Contractual Relationship Between Subservicer and Trustee
or Certificateholders............................................57
Section 3.06. Assumption or Termination of Subservicing Agreements by
Trustee..........................................................57
Section 3.07. Collection of Certain Mortgage Loan Payments; Deposits to
Custodial Account................................................57
Section 3.08. Subservicing Accounts; Servicing Accounts........................60
Section 3.09. Access to Certain Documentation and Information Regarding
the Mortgage Loans...............................................61
Section 3.10. Permitted Withdrawals from the Custodial Account.................61
Section 3.11. Maintenance of Primary Insurance Coverage........................63
Section 3.12. Maintenance of Fire Insurance and Omissions and Fidelity
Coverage.........................................................63
Section 3.13. Enforcement of Due-on-Sale Clauses; Assumption and
Modification Agreements; Certain Assignments.....................64
Section 3.14. Realization Upon Defaulted Mortgage Loans........................66
Section 3.15. Trustee to Cooperate; Release of Mortgage Files..................68
Section 3.16. Servicing and Other Compensation; Compensating Interest..........69
Section 3.17. Reports to the Trustee and the Depositor.........................70
Section 3.18. Annual Statement as to Compliance and Servicing Assessment.......70
Section 3.19. Annual Independent Public Accountants' Servicing Report..........71
Section 3.20. Right of the Depositor in Respect of the Master Servicer.........71
Section 3.21. [Reserved].......................................................72
|
End of Preview |
Home Intelligence Services Subscriptions News About Us