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How to use or fill out AMENDED AND RESTATED 2007 SINGLE-FAMILY MASTER TRUST AGREEMENT
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Click 'Get Form' to open the AMENDED AND RESTATED 2007 SINGLE-FAMILY MASTER TRUST AGREEMENT in our platform.
Begin by reviewing the 'Recitals' section, which outlines the purpose and authority of Fannie Mae as the issuer and trustee.
Proceed to 'Article I' for defined terms. Ensure you understand key definitions such as 'Mortgage Loan', 'Trust Fund', and 'Certificate'.
Fill out the relevant sections regarding the creation of trust and conveyance of loans in 'Article II'. Pay attention to any specific fields that require your input.
In 'Article III', ensure all applicable documentation is attached, including any Issue Supplements that pertain to your specific trust.
Review the payment instructions in 'Article VII' to understand how distributions will be made from Certificate Accounts.
Finally, ensure all signatures are completed at the end of the document before saving or submitting it through our editor.
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What is the meaning of amended and restated agreement?
Amending and Restating an Agreement is the act of changing specific aspects of an initial document and then reproducing the whole original Agreement together with the changes in a single document.
What is an amended and restated credit agreement?
An amended and restated credit agreement is a credit agreement where one or many changes have been applied and stated within the document. A credit agreement is a legal document that outlines the terms of a loan agreement and is made between a borrower and a lender.
Is an amended and restated agreement a new agreement?
Legally, an amended and restated agreement is typically interpreted as a continuation of the original, not an entirely new contract, unless stated otherwise. This can matter for things like lien priority or contract numbering.
What is a MBS trust?
Mortgage-backed securities (MBS) are fixed-income securities that utilize mortgage loans as collateral and the source of funds for payments on the security. The creation of MBS begins with a financial institution such as a bank or credit union extend- ing a mortgage loan to a borrower.
What is the difference between amendment and restated?
While an amendment modifies specific terms, a restatement consolidates all changes into one updated, comprehensive document.
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