https://content.next.westlaw.com/practical-law/document/Ibcb31f39c39f11e598dc8b09b4f043e0/Pooling-and-Servicing-Agreements?viewType=FullText&transitionType=Default&contextData=(sc.Default)A Practice Note discussing pooling and servicing agreements (PSAs) which control the manner in which mortgage loans are pooled together and rated in a commercial mortgage-backed securities (CMBS) securitization. This Note describes the primary parties involved, particularly the roles of the master servicer and the special servicer, and when a loan transfers from a performing loan to a specially serviced loan. This Note further discusses certain restrictions on the use of a property if a foreclosure occurs, causing it to become real estate owned (REO) property.
A Practice Note discussing pooling and servicing agreements (PSAs) which control the manner in which mortgage loans are pooled together and rated in a commercial mortgage-backed securities (CMBS) securitization. This Note describes the primary parties involved, particularly the roles of the master servicer and the special servicer, and when a loan transfers from a performing loan to a specially serviced loan. This Note further discusses certain restrictions on the use of a property if a foreclosure occurs, causing it to become real estate owned (REO) property.