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Pooling and Servicing Agreement

 

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Title:

Pooling and Servicing Agreement

Entities:

Morgan Stanley Investment Management Inc

Date:

2007

Size:

Preview shows 6KB of 682KB total

Price:

$99

ID:

#2859832

 

 

► Services ► Servicing ► Pooling & Servicing Agreements

 

 

Start of Preview


                                                                    Sidley Draft

5/11/2007

===============================================================================





INDYMAC MBS, INC.
Depositor


INDYMAC BANK, F.S.B.
Seller and Servicer


DEUTSCHE BANK NATIONAL TRUST COMPANY
Trustee


----------------------------------------

POOLING AND SERVICING AGREEMENT
Dated as of April 1, 2007
----------------------------------------


RESIDENTIAL ASSET SECURITIZATION TRUST
2007-A6


MORTGAGE PASS-THROUGH CERTIFICATES
Series 2007-F





===============================================================================


{PAGE}

{TABLE}
{CAPTION}

TABLE OF CONTENTS


Page
{S} {C}


ARTICLE ONE DEFINITIONS ......................................................................................10

Section 1.01 Definitions...........................................................................10
Section 1.02 Rules of Construction.................................................................43

ARTICLE TWO CONVEYANCE OF MORTGAGE LOANS; REPRESENTATIONS AND WARRANTIES.........................................45

Section 2.01 Conveyance of Mortgage Loans..........................................................45
Section 2.02 Acceptance by the Trustee of the Mortgage Loans.......................................48
Section 2.03 Representations, Warranties, and Covenants of the Seller and the Servicer.............50
Section 2.04 Representations and Warranties of the Depositor as to the Mortgage Loans..............52
Section 2.05 Delivery of Opinion of Counsel in Connection with Substitutions.......................52
Section 2.06 Execution and Delivery of Certificates................................................52
Section 2.07 REMIC Matters.........................................................................53

ARTICLE THREE ADMINISTRATION AND SERVICING OF MORTGAGE LOANS.....................................................54

Section 3.01 Servicer to Service Mortgage Loans....................................................54
Section 3.02 [Reserved]............................................................................55
Section 3.03 Rights of the Depositor and the Trustee in Respect of the Servicer....................55
Section 3.04 [Reserved]............................................................................55
Section 3.05 Trustee to Act as Servicer............................................................55
Section 3.06 Collection of Mortgage Loan Payments; Certificate Account; Distribution
Account...............................................................................55
Section 3.07 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...................58
Section 3.08 Access to Certain Documentation and Information Regarding the Mortgage Loans..........59
Section 3.09 Permitted Withdrawals from the Certificate Account and the Distribution
Account...............................................................................59
Section 3.10 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies............60
Section 3.11 Enforcement of Due-On-Sale Clauses; Assumption Agreements.............................61
Section 3.12 Realization Upon Defaulted Mortgage Loans.............................................63
Section 3.13 Trustee to Cooperate; Release of Mortgage Files.......................................64
Section 3.14 Documents, Records and Funds in Possession of the Servicer to be Held for the
Trustee...............................................................................65
Section 3.15 Servicing Compensation................................................................66
Section 3.16 Access to Certain Documentation.......................................................66
Section 3.17 Annual Statement as to Compliance.....................................................66
Section 3.18 Errors and Omissions Insurance; Fidelity Bonds........................................67

 

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