EXHIBIT 10.5 


 





EXECUTION COPY







 





ASSIGNMENT OF REPRESENTATIONS AND WARRANTIES
AGREEMENT


 


This is an Assignment
of Representations and Warranties Agreement (the “Agreement”) made as of the 27th day of June, 2012, among
Redwood Residential Acquisition Corporation, a Delaware corporation (“Assignor”), Sequoia Residential Funding, Inc.,
a Delaware corporation (“Depositor”), Christiana Trust, a division of Wilmington Savings Fund Society, FSB, a federal
savings bank, not in its individual capacity but solely as trustee (in such capacity, the “Trustee” or the “Assignee”)
under a Pooling and Servicing Agreement dated as of June 1, 2012 (the “Pooling and Servicing Agreement”), and Cole
Taylor Bank, an Illinois corporation (“Cole Taylor”).


 


In consideration of
the mutual promises contained herein, the parties hereto agree that the mortgage loans (the “Mortgage Loans”) listed
on Attachment 1 annexed hereto (the “Mortgage Loan Schedule”) are subject to the terms of the Flow Mortgage Loan Purchase
and Sale Agreement dated as of August 1, 2011, between Assignor and Cole Taylor (the “Purchase Agreement”) as modified
or supplemented by this Agreement. Unless otherwise specified herein, capitalized terms used herein but not defined shall have
the meanings ascribed to them in the Purchase Agreement. Assignor will sell the Mortgage Loans to Depositor pursuant to a Mortgage
Loan Purchase and Sale Agreement dated the date hereof, and Depositor will sell the Mortgage Loans to Assignee pursuant to the
Pooling and Servicing Agreement.


 


Assignment 


 


1.            Assignor
hereby grants, transfers and assigns to Depositor all of its right, title and interest in, to and under the representations and
warranties made by Cole Taylor pursuant to the Purchase Agreement to the extent relating to the Mortgage Loans, and Depositor hereby
accepts such assignment from Assignor.


 


2.            Depositor
hereby grants, transfers and assigns to Assignee all of its right, title and interest in, to and under the representations and
warranties made by Cole Taylor pursuant to the Purchase Agreement to the extent relating to the Mortgage Loans, Depositor is released
from all obligations under the Purchase Agreement, and Assignee hereby accepts such assignment from Depositor.


 


3.            Cole
Taylor hereby acknowledges the foregoing assignments.


 


Representations and Warranties


 


4.            Assignor warrants
and represents to, and covenants with, Depositor, Assignee and Cole Taylor as of the date hereof that:


 


(a)             Attached hereto
as Attachment 2 is a true and accurate copy of the Purchase Agreement, which agreement is in full force and effect as of the date
hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination
been given thereunder;


 



    	 



    	 



    

 


(b)             Assignor is the
lawful owner of its interests and rights under the Purchase Agreement to the extent of the Mortgage Loans, free and clear from
any and all claims and encumbrances whatsoever, and upon the transfer of the representations and warranties to Assignee as contemplated
herein, Assignee shall have good title to such representations and warranties under the Purchase Agreement to the extent of the
Mortgage Loans, free and clear of all liens, claims and encumbrances;


 


(c)             There are no offsets,
counterclaims or other defenses available to Cole Taylor with respect to the Purchase Agreement;


 


(d)             Assignor is duly
organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite
power and authority to enter into and perform its obligations under the Purchase Agreement;


 


(e)             Assignor has full
corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions
set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of Assignor’s
business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Assignor’s charter
or by-laws or any legal restriction, or any material agreement or instrument to which Assignor is now a party or by which it is
bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Assignor or its property is
subject. The execution, delivery and performance by Assignor of this Agreement and the consummation by it of the transactions contemplated
hereby, have been duly authorized by all necessary corporate action on the part of Assignor. This Agreement has been duly executed
and delivered by Assignor and, upon the due authorization, execution and delivery by Assignee, will constitute the valid and legally
binding obligation of Assignor enforceable against Assignor in accordance with its terms except as enforceability may be limited
by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’
rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity
or at law; and


 


(f)             No consent, approval,
order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made
by Assignor in connection with the execution, delivery or performance by Assignor of this Agreement, or the consummation by it
of the transactions contemplated hereby.


 


5.            Depositor warrants
and represents to, and covenants with, Assignor, Assignee and Cole Taylor that as of the date hereof:


 


(a)             Depositor is a
Delaware corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation;


 



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(b)             Depositor has
full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the
transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of
Depositor’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of
Depositor’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Depositor is now
a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Depositor
or its property is subject. The execution, delivery and performance by Depositor of this Agreement and the consummation by it of
the transactions contemplated hereby, have been duly authorized by all necessary corporate action on part of Depositor. This Agreement
has been duly executed and delivered by Depositor and, upon the due authorization, execution and delivery by the other parties
hereto, will constitute the valid and legally binding obligation of Depositor enforceable against Depositor in accordance with
its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now
or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether
enforceability is considered in a proceeding in equity or at law; and


 


(c)             No consent, approval,
order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made
by Depositor in connection with the execution, delivery or performance by Depositor of this Agreement, or the consummation by it
of the transactions contemplated hereby other than any that have been obtained or made.


 


6.            Assignee warrants
and represents to, and covenants with, Assignor, Depositor and Cole Taylor that as of the date hereof:


 


(a)             Assignee is a
federal savings bank duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization;
and


 


(b)             Assignee has been
directed to enter into this Agreement pursuant to the provisions of the Pooling and Servicing Agreement. The execution, delivery
and performance by Assignee of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly
authorized by all necessary action on part of Assignee. This Agreement has been duly executed and delivered by Assignee and, upon
the due authorization, execution and delivery by the other parties hereto, will constitute the valid and legally binding obligation
of Assignee enforceable against Assignee in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization,
insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general
principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law.


 


7.             Cole Taylor warrants
and represents to, and covenants with, Assignor, Depositor and Assignee as of the date hereof that:


 



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(a)             Attached hereto
as Attachment 2 is a true and accurate copy of the Purchase Agreement, which agreement is in full force and effect as of the date
hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination
been given thereunder;


 


(b)             Cole Taylor is
duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite
power and authority to perform its obligations under the Purchase Agreement;


 


(c)             Cole Taylor has
full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the
transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of
Cole Taylor’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of
Cole Taylor’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Cole Taylor is
now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which
Cole Taylor or its property is subject. The execution, delivery and performance by Cole Taylor of this Agreement and the consummation
by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on part of Cole Taylor.
This Agreement has been duly executed and delivered by Cole Taylor and, upon the due authorization, execution and delivery by Assignor,
Assignee and the Depositor, will constitute the valid and legally binding obligation of Cole Taylor enforceable against Cole Taylor
in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other
similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless
of whether enforceability is considered in a proceeding in equity or at law; and


 


(d)             No consent, approval,
order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made
by Cole Taylor in connection with the execution, delivery or performance by Cole Taylor of this Agreement, or the consummation
by it of the transactions contemplated hereby.


 


Restated Cole Taylor Representations
and Warranties


 


8.             Pursuant to Section
32(d) of the Purchase Agreement, Cole Taylor hereby restates to Depositor and Assignee (a) the representations and warranties set
forth in Subsection 7.01 of the Purchase Agreement as of the related Closing Date and (b) the representations and warranties
set forth in Subsection 7.02 of the Purchase Agreement as of the date hereof, as if such representations and warranties were set
forth herein in full.


 


In the event of a breach
of any representations and warranties referred to in clauses (a) or (b) above as of the related Closing Date or the date hereof,
as the case may be, Assignee shall be entitled to all the remedies under the Purchase Agreement, including, without limitation,
the right to compel Cole Taylor to repurchase Mortgage Loans pursuant to Section 7.03 of the Purchase Agreement, subject to the
provisions of Section 10.


 



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Recognition of Assignee


 


9.            From and after
the date hereof, subject to Section 10 below, Cole Taylor shall recognize Assignee as owner of the Mortgage Loans and will perform
its obligations hereunder for the benefit of the Assignee in accordance with the Purchase Agreement, as modified hereby or as may
be amended from time to time, as if Assignee and Cole Taylor had entered into a separate purchase agreement for the purchase of
the Mortgage Loans in the form of the Purchase Agreement, the terms of which are incorporated herein by reference, as amended by
this Agreement.


 


Enforcement of Rights 


 


10.             (a)             Controlling
Holder Rights. Cole Taylor agrees and acknowledges that Sequoia Mortgage Funding Corporation, an Affiliate of the Depositor,
in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the
Controlling Holder, will exercise all of Assignee's rights (and obligations under Section 7.03 in connection with the exercise
of such rights) as Purchaser under the following section of the Purchase Agreement:


 


Purchase
Agreement:


 


	Section
    or Subsection	 	Matter
	 	 	 
	7.03, other than 7.03(c)	 	Repurchase and Substitution


 


(b)             If there is no
Controlling Holder under the Pooling and Servicing Agreement, then all rights that are to be exercised by the Controlling Holder
pursuant to Section 10(a) (and obligations under Section 7.03 in connection with the exercise of such rights) shall be exercised
by Assignee.


 


Amendments to Purchase Agreement


 


11.          The parties
agree that the Purchase Agreement shall be amended, solely with respect to the Mortgage Loans, as follows:


 


(a)          Definitions.


 


(i)             The definitions
of “Arbitration,” “Business Day” and “Repurchase Price” set forth in Section 1 of the Purchase
Agreement shall be deleted and replaced in their entirety as follows:


 






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Arbitration:    Arbitration in accordance with the then governing Commercial Arbitration Rules of the American Arbitration Association and administered
by the American Arbitration Association, which shall be conducted in New York, New York or other place mutually acceptable to the
parties to the arbitration.


 


Business
Day:    Any day other than (i) a Saturday or a Sunday, (ii) a legal holiday in the states of California, Illinois, Maryland, Minnesota,
Missouri or New York, (iii) a day on which banks in the states of California, Illinois, Maryland, Minnesota, Missouri or New York,
are authorized or obligated by law or executive order to be closed or (iv) a day on which the New York Stock Exchange or the Federal
Reserve Bank of New York is closed.


 


Repurchase
Price:    With respect to any Mortgage Loan, a price equal to (i) the unpaid principal balance of the Mortgage Loan, plus (ii) interest
on such unpaid principal balance at the related Mortgage Interest Rate from the last date through which interest was last paid
by or on behalf of the Mortgagor to the last day of the month in which such repurchase occurs, plus (iii) reasonable and customary
third party expenses incurred in connection with the transfer of the Mortgage Loan being repurchased, minus (iv) any amounts received
in respect of such repurchased Mortgage Loan and being held in the Custodial Account for future distribution in connection with
such Mortgage Loan.


 


(b)             The following
sentence shall be added as the new third sentence of Subsection 7.03(a):


 


Each determination as to whether
there has been such a breach shall be conducted on a Mortgage Loan-by-Mortgage Loan basis.


 


(c)             The rights under
the Purchase Agreement assigned to the Depositor and the Assignee pursuant to this Agreement shall be under the Purchase Agreement
as amended by this Agreement.


 


Miscellaneous


 


12.           All demands,
notices and communications related to the Mortgage Loans, the Purchase Agreement and this Agreement shall be in writing and shall
be deemed to have been duly given if personally delivered at or mailed by registered mail, postage prepaid, as follows:


 



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(a)           In the case of Cole Taylor,


 


Cole Taylor Bank


 


2350 Green Road, Suite
100


Ann Arbor, MI  48105


Attention: Phil Miller


Tel: (734) 926-2450


Fax: (734) 926-2404


 


With a copy to


Cole Taylor Bank


9550 W. Higgins Road


Rosemont, IL 960018


Chicago, IL 60606


Attention: General Counsel


Fax: (847) 653-7890


 


(b)           In the case of Assignee,


 


Christiana Trust, a division
of Wilmington Savings Fund Society, FSB


500 Delaware Avenue,
11th Floor


Wilmington, Delaware,
19801


Attention: Corporate
Trust


 


(c)           In the case of Depositor,


 


Sequoia Residential Funding,
Inc.


One Belvedere Place,
Suite 360


Mill Valley, California
94941


Attention: William Moliski


 


with a copy to


 


General Counsel at the
same address


 


(d)           In the case of Assignor,


 


Redwood Residential Acquisition
Corporation


One Belvedere Place,
Suite 360


Mill Valley, California
94941


Attention: William Moliski


 


with a copy to


 


General Counsel at the
same address


 


(e)           In the case of Master Servicer,


 


Wells Fargo Bank, N.A.


 



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9062 Old Annapolis Road


Columbia, Maryland 21045)


Telephone number: (410)
884-2000


Facsimile number: (410)
715-2380


Attention: Client Manager
— Sequoia Mortgage Trust 2012-3


 


(f)           In the case of the initial Controlling
Holder,


 


Sequoia Mortgage Funding
Corporation


One Belvedere Place,
Suite 360


Mill Valley, California
94941


Attention: William Moliski


 


with a copy to


 


General Counsel at the
same address


 


13.           This Agreement
shall be construed in accordance with the laws of the State of New York, except to the extent preempted by Federal law, and the
obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws, without regard to the
conflicts of laws provisions of the State of New York or any other jurisdiction.


 


14.           No term or provision
of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom
such waiver or modification is sought to be enforced.


 


15.           This Agreement
shall inure to the benefit of the successors and assigns of the parties hereto. Any entity into which Assignor, Depositor, Assignee
or Cole Taylor may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Depositor,
Assignee or Cole Taylor, respectively, hereunder.


 


16.           This Agreement
shall survive the conveyance of the Mortgage Loans, the assignment of the representations and warranties made by Cole Taylor pursuant
to the Purchase Agreement to the extent of the Mortgage Loans by Assignor to Depositor and by Depositor to Assignee, and the termination
of the Purchase Agreement.


 


17.           This Agreement
may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such
counterparts shall constitute one and the same instrument.


 


18.           The Controlling
Holder under the Pooling and Servicing Agreement is an express third party beneficiary of this Agreement, and shall have the same
power and ability to exercise and enforce the rights stated to be provided to it hereunder as if it were a signatory hereto. Cole
Taylor hereby consents to such exercise and enforcement.


 



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19.           It is expressly
understood and agreed by the parties hereto that insofar as this Agreement is executed by the Trustee (i) this Agreement is executed
and delivered by Christiana Trust, a division of Wilmington Savings Fund Society, FSB (“Christiana Trust”) not in its
individual capacity but solely as Trustee on behalf of the trust created by the Pooling and Servicing Agreement referred to herein
(the “Trust”) in the exercise of the powers and authority conferred upon and vested in it, and as directed in the Pooling
and Servicing Agreement, (ii) each of the undertakings and agreements herein made on behalf of the Trust is made and intended not
as a personal undertaking or agreement of or by Christiana Trust but is made and intended for purposes of binding only the Trust,
(iii) nothing herein contained shall be construed as creating any liability on the part of Christiana Trust, individually or personally,
to perform any covenant either express or implied in this Agreement, all such liability, if any, being expressly waived by the
parties hereto and by any person claiming by, through or under the parties hereto, and (iv) under no circumstances shall Christiana
Trust in its individual capacity or in its capacity as Trustee be personally liable for the payment of any indebtedness, amounts
or expenses owed by the Assignor under the Purchase Agreement, as modified or supplemented by this Agreement (such indebtedness,
expenses and other amounts being payable solely from and to the extent of funds of the Trust) or be personally liable for the breach
or failure of any obligation, representation, warranty or covenant made under this Agreement or any other related documents.


 


20.           Master Servicer.
Cole Taylor hereby acknowledges that the Assignee has appointed Wells Fargo Bank, N.A. to act as master servicer and securities
administrator under the Pooling and Servicing Agreement and hereby agrees to treat all inquiries, demands, instructions, authorizations
and other communications from the Master Servicer as if the same had been received from the Assignee. The Master Servicer, acting
on behalf of the Assignee, shall have the rights of the Assignee as the Purchaser under this Agreement, including, without limitation,
the right to enforce the obligations of Cole Taylor hereunder and under the Purchase Agreement and the right to exercise the remedies
of the Purchaser hereunder and under the Purchase Agreement.


 


Cole Taylor shall make
all remittances due by it to the Purchaser with respect to the Mortgage Loans to the following account by wire transfer of immediately
available funds:


 


Wells Fargo Bank, N.A.


San Francisco, California


ABA# 121-000-248


Account #3970771416


Account Name: SAS Clearing


FFC: Account #48066700, Sequoia
Mortgage Trust 2012-3 Distribution Account


 


21.           Cole Taylor
acknowledges that the custodian will be Wells Fargo Bank, N.A. acting pursuant to the Custodial Agreement. Notwithstanding Section
10 of the Purchase Agreement, Cole Taylor shall pay shipping expenses for any Mortgage Loan Documents if there has been a breach
of any representation or warranty made with respect to the related Mortgage Loan in Subsection 7.01 of the Purchase Agreement.


 



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22.           Rule 17g-5
Compliance. Cole Taylor hereby agrees that it shall provide information with respect to the Mortgage Loans or the origination
thereof to any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) via electronic mail
at rmbs17g5informationprovider@wellsfargo.com, with a subject reference of “SEMT 2012-3” and an identification of the
type of information being provided in the body of such electronic mail. The Securities Administrator, as the initial Rule 17g-5
Information Provider (the “Rule 17g-5 Information Provider”) shall notify Cole Taylor in writing of any change in the
identity or contact information of the Rule 17g-5 Information Provider. Cole Taylor shall have no liability for (i) the Rule 17g-5
Information Provider’s failure to post information provided by it in accordance with the terms of this Agreement or (ii)
any malfunction or disabling of the website maintained by the Rule 17g-5 Information Provider. None of the foregoing restrictions
in this Section 22 prohibit or restrict oral or written communications, or providing information, between Cole Taylor, on the one
hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review
of the ratings it assigns to Cole Taylor or (ii) such Rating Agency’s or NRSRO’s evaluation of Cole Taylor’s
operations in general; provided, however, that Cole Taylor shall not provide any information relating to the Mortgage Loans to
such Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless: (x) borrower,
property or deal specific identifiers are redacted; or (y) such information has already been provided to the Rule 17g-5 Information
Provider.


 



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IN WITNESS WHEREOF, the parties hereto have
executed this Agreement the day and year first above written.


  





	 	REDWOOD RESIDENTIAL ACQUISITION CORPORATION
	 	Assignor
	 	 
	 	By:	/s/ John Isbrandtsen	 
	 	Name:    	John Isbrandtsen 	 
	 	Title:	Authorized Officer	 
	 	 
	 	SEQUOIA RESIDENTIAL FUNDING, INC.
	 	Depositor
	 	 
	 	By:	/s/ John Isbrandtsen	 
	 	Name:	John Isbrandtsen 	 
	 	Title:	Authorized Officer	 
	 	 
	 	Christiana Trust, a division of Wilmington Savings Fund Society, FSB,
    not in its individual capacity but solely as Trustee,
	 	Assignee
	 	 
	 	By:	/s/ Jeffrey R. Everhart	 
	 	Name:	Jeffrey R. Everhart 	 
	 	Title:	AVP	 
	 	 
	 	COLE TAYLOR BANK
	 	 
	 	By:	/s/ Philip Miller	 
	 	Name:	Philip Miller	 
	 	Title:	GSVP	 




 


 





	Accepted and agreed to by:	 
	 	 
	WELLS FARGO BANK, N.A.	 
	Master Servicer	 
	 	 	 
	By:	/s/ Graham M. Oglesby	 	 
	Name:    	Graham M. Oglesby 	 	 
	Title:	Vice President	 	 







 





Signature Page – Assignment of Representations
and Warranties – Cole Taylor Bank (SEMT 2012-3)










 



    	 



    	 



    

 


ATTACHMENT 1


 


MORTGAGE LOAN SCHEDULE


 


 


	 	1	2	3	4	5	6	7	8	9	10
	KEY	Primary Servicer	Servicing Fee %	Servicing Fee—Flatdollar	Servicing Advance Methodology	Originator	Loan Group	Loan Number	Amortization Type	Lien Position	HELOC Indicator
	1	1000383	0.002500	 	 	1008808	 	1650002421	1	1	0
	2	1000383	0.002500	 	 	1008808	 	1650002987	1	1	0
	3	1000383	0.002500	 	 	1008808	 	1650003075	1	1	0
	4	1000383	0.002500	 	 	1008808	 	1650003002	1	1	0
	5	1000383	0.002500	 	 	1008808	 	1650003254	1	1	0
	6	1000383	0.002500	 	 	1008808	 	1650003338	1	1	0
	7	1000383	0.002500	 	 	1008808	 	1650003688	1	1	0




 





	 	11	12	13	14	15	16	17	18	19	20
	KEY	Loan Purpose	Cash Out Amount	Total Origination and Discount Points	Covered/High Cost Loan Indicator	Relocation Loan Indicator	Broker Indicator	Channel	Escrow Indicator	Senior Loan
 Amount(s)	Loan Type of Most
 Senior Lien
	1	9	 	 	 	 	 	2	0	0	 
	2	7	 	 	 	 	 	2	0	0	 
	3	9	 	 	 	 	 	2	4	0	 
	4	9	 	 	 	 	 	1	0	0	 
	5	7	 	 	 	 	 	2	0	0	 
	6	7	 	 	 	 	 	2	4	0	 
	7	7	 	 	 	 	 	1	4	0	 







 





	 	21	22	23	24	25	26	27	28	29	30
	KEY	Hybrid Period of
 Most Senior Lien (in
 months)	Neg Am Limit of
 Most Senior Lien	Junior Mortgage
 Balance	Origination Date of
 Most Senior Lien	Origination Date	Original Loan
 Amount	Original Interest
 Rate	Original
 Amortization Term	Original Term to
 Maturity	First Payment Date
 of Loan
	1	 	 	0.00	 	20120203	701880.00	0.045000	360	360	20120401
	2	 	 	0.00	 	20120423	750000.00	0.048750	360	360	20120601
	3	 	 	235000.00	 	20120413	1410000.00	0.042500	360	360	20120601
	4	 	 	0.00	 	20120309	757000.00	0.046250	360	360	20120501
	5	 	 	0.00	 	20120403	847500.00	0.043750	360	360	20120601
	6	 	 	0.00	 	20120416	700000.00	0.043750	360	360	20120601
	7	 	 	0.00	 	20120418	669750.00	0.047500	360	360	20120601




 





	 	31	32	33	34	35	36	37	38	39	40
	KEY	Interest Type
 Indicator	Original Interest
 Only Term	Buy Down Period	HELOC Draw Period	Current Loan
 Amount	Current Interest
 Rate	Current Payment
 Amount Due	Interest Paid
 Through Date	Current Payment
 Status	Index Type
	1	1	0	0	0	699096.76	0.045000	3556.32	20120601	0	0
	2	1	0	0	0	749077.81	0.048750	3969.06	20120601	0	0
	3	1	0	0	0	1408057.39	0.042500	6936.35	20120601	0	0
	4	1	0	0	0	752831.20	0.046250	3892.04	20120601	0	0
	5	1	0	0	0	846358.40	0.043750	4231.44	20120601	0	0
	6	1	0	0	0	699057.08	0.043750	3495.00	20120601	0	0
	7	1	0	0	0	668907.36	0.047500	3493.73	20120601	0	0







 





	 	41	42	43	44	45	46	47	48	49	50
	KEY	ARM Look-back
 Days	Gross Margin	ARM Round Flag	ARM Round Factor	Initial Fixed Rate
 Period	Initial Interest Rate
 Cap (Change Up)	Initial Interest Rate
 Cap (Change Down)	Subsequent Interest
 Rate Reset Period	Subsequent Interest
 Rate Cap (Change Down)	Subsequent Interest
 Rate Cap (Change
 Up)
	1	 	 	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 	 	 







 





	 	51	52	53	54	55	56	57	58	59	60
	KEY	Lifetime Maximum
 Rate (Ceiling)	Lifetime Minimum
 Rate (Floor)	Negative
 Amortization Limit	Initial Negative
 Amortization Recast
 Period	Subsequent
 Negative
 Amortization Recast
 Period	Initial Fixed
 Payment Period	Subsequent
 Payment Reset
 Period	Initial Periodic
 Payment Cap	Subsequent
 Periodic Payment
 Cap	Initial Minimum
 Payment Reset
 Period
	1	 	 	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 	 	 







 





	 	61	62	63	64	65	66	67	68	69	70
	KEY	Subsequent
 Minimum Payment
 Reset Period	Option ARM
 Indicator	Options at Recast	Initial Minimum
 Payment	Current Minimum
 Payment	Prepayment Penalty
 Calculation	Prepayment Penalty
 Type	Prepayment Penalty
 Total Term	Prepayment Penalty
 Hard Term	Primary Borrower ID
	1	 	 	 	 	 	 	 	0	 	281
	2	 	 	 	 	 	 	 	0	 	82
	3	 	 	 	 	 	 	 	0	 	42
	4	 	 	 	 	 	 	 	0	 	174
	5	 	 	 	 	 	 	 	0	 	195
	6	 	 	 	 	 	 	 	0	 	40
	7	 	 	 	 	 	 	 	0	 	99







 





	 	71	72	73	74	75	76	77	78	79	80
	KEY	Number of
 Mortgaged
 Properties	Total Number of
 Borrowers	Self-employment
 Flag	Current ‘Other’
 Monthly Payment	Length of
 Employment:
 Borrower	Length of
 Employment: Co-
 Borrower	Years in Home	FICO Model Used	Most Recent FICO
 Date	Primary Wage
 Earner Original
 FICO: Equifax
	1	1	 	0	 	24	 	15	1	 	 
	2	1	 	1	 	15	 	0	1	 	 
	3	2	 	1	 	10	8	5	1	 	 
	4	1	 	0	 	3.1	 	6.3	1	 	 
	5	1	 	1	 	5	 	0	1	 	 
	6	1	 	0	 	8	 	0	1	 	 
	7	1	 	1	 	4	 	0	1	 	 







 





	 	81	82	83	84	85	86	87	88	89	90
	KEY	Primary Wage
 Earner Original
 FICO: Experian	Primary Wage
 Earner Original
 FICO: TransUnion	Secondary Wage
 Earner Original
 FICO: Equifax	Secondary Wage
 Earner Original
 FICO: Experian	Secondary Wage
 Earner Original
 FICO: TransUnion	Original
 Primary Borrower
 FICO	Most Recent
 Primary Borrower
 FICO	Most Recent Co-
 Borrower FICO	Most Recent FICO
 Method	VantageScore:
 Primary Borrower
	1	 	 	 	 	 	728	 	 	 	 
	2	 	 	 	 	 	795	 	 	 	 
	3	 	 	 	 	 	763	 	 	 	 
	4	 	 	 	 	 	737	 	 	 	 
	5	 	 	 	 	 	801	 	 	 	 
	6	 	 	 	 	 	769	 	 	 	 
	7	 	 	 	 	 	768	 	 	 	 







 





	 	91	92	93	94	95	96	97	98	99	100
	KEY	VantageScore: Co-
 Borrower	Most Recent
 VantageScore
 Method	VantageScore Date	Credit Report:
 Longest Trade Line	Credit Report:
 Maximum Trade
 Line	Credit Report:
 Number of Trade
 Lines	Credit Line Usage
 Ratio	Most Recent 12-
 month Pay History	Months Bankruptcy	Months Foreclosure
	1	 	 	 	 	 	 	 	000000000000	 	 
	2	 	 	 	 	 	 	 	000000000000	 	 
	3	 	 	 	 	 	 	 	000000000000	 	 
	4	 	 	 	 	 	 	 	000000000000	 	 
	5	 	 	 	 	 	 	 	000000000000	 	 
	6	 	 	 	 	 	 	 	000000000000	 	 
	7	 	 	 	 	 	 	 	000000000000	 	 







 





	 	101	102	103	104	105	106	107	108	109	110
	KEY	Primary Borrower
 Wage Income	Co-Borrower Wage
 Income	Primary Borrower
 Other Income	Co-Borrower Other
 Income	All Borrower Wage
 Income	All Borrower Total
 Income	4506-T Indicator	Borrower Income
 Verification Level	Co-Borrower
 Income Verification	Borrower
 Employment
 Verification
	1	0.00	 	23161.41	 	0.00	23161.41	1	5	 	3
	2	41261.00	0.00	-1268.00	0.00	41261.00	39993.00	1	5	 	3
	3	87598.00	9333.00	-328.00	0.00	96931.00	96603.00	1	5	 	3
	4	20833.74	 	-18.04	 	20833.74	20815.70	1	5	 	3
	5	0.00	0.00	18555.00	0.00	0.00	18555.00	1	5	 	3
	6	41600.00	 	-25.00	 	41600.00	41575.00	1	5	 	3
	7	19533.00	 	0.00	 	19533.00	19533.00	1	5	 	3







 





	 	111	112	113	114	115	116	117	118	119	120
	KEY	Co-Borrower
 Employment
 Verification	Borrower Asset
 Verification	Co-Borrower Asset
 Verification	Liquid / Cash
 Reserves	Monthly Debt All
 Borrowers	Originator DTI	Fully Indexed Rate	Qualification
 Method	Percentage of Down
 Payment from
 Borrower Own
 Funds	City
	1	 	4	 	6144662.02	8111.13	0.3502	 	 	 	Malibu
	2	 	4	 	372972.70	7594.67	0.1899	 	 	100	Dallas
	3	 	4	 	1500071.60	18847.25	0.1951	 	 	 	Manhasset
	4	 	4	 	126749.92	5611.91	0.2696	 	 	 	Dallas
	5	 	4	 	167041.90	6776.29	0.3652	 	 	100	Newport Beach
	6	 	4	 	433438.73	9208.86	0.2215	 	 	100	Saint Johns
	7	 	4	 	142433.94	6471.28	0.3313	 	 	100	Dallas







 





	 	121	122	123	124	125	126	127	128	129	130
	KEY	State	Postal Code	Property Type	Occupancy	Sales Price	Original Appraised
 Property Value	Original Property
 Valuation Type	Original Property
 Valuation Date	Original Automated
 Valuation Model
 (AVM) Model Name	Original AVM
 Confidence Score
	1	CA	90265	1	1	 	9000000.00	3	20111226	 	 
	2	TX	75229	1	1	1050000.00	1087000.00	3	20120210	 	 
	3	NY	11030	1	1	 	2350000.00	3	20120316	 	 
	4	TX	75205	1	1	 	1054000.00	3	20120215	 	 
	5	CA	92663	1	1	1130000.00	1130000.00	3	20120306	 	 
	6	FL	32259	7	1	1200000.00	1000000.00	3	20120312	 	 
	7	TX	75225	1	1	893000.00	895000.00	3	20120409	 	 







 





	 	131	132	133	134	135	136	137	138	139	140
	KEY	Most Recent
 Property Value2	Most Recent
 Property Valuation
 Type	Most Recent
 Property Valuation
 Date	Most Recent AVM
 Model Name	Most Recent AVM
 Confidence Score	Original CLTV	Original LTV	Original Pledged
 Assets	Mortgage Insurance
 Company Name	Mortgage Insurance
 Percent
	1	 	 	 	 	 	0.0779	0.0779	0	0	0
	2	 	 	 	 	 	0.7142	0.7142	0	0	0
	3	 	 	 	 	 	0.7000	0.6000	0	0	0
	4	 	 	 	 	 	0.7182	0.7182	0	0	0
	5	 	 	 	 	 	0.7500	0.7500	0	0	0
	6	 	 	 	 	 	0.7000	0.7000	0	0	0
	7	 	 	 	 	 	0.7500	0.7500	0	0	0







 


 





	 	141	142	143	144	145	146	147	148	149	150
	KEY	MI: Lender or
 Borrower Paid?	Pool Insurance Co.
 Name	Pool Insurance Stop
 Loss %	MI Certificate
 Number	Updated DTI
 (Front-end)	Updated DTI
 (Back-end)	Modification
 Effective Payment
 Date	Total Capitalized
 Amount	Total Deferred
 Amount	Pre-Modification
 Interest (Note) Rate
	1	 	 	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 	 	 







 





	 	151	152	153	154	155	156	157	158	159	160
	KEY	Pre-Modification P&I
 Payment	Pre-Modification
 Initial Interest Rate
 Change Downward
 Cap	Pre-Modification
 Subsequent Interest
 Rate Cap	Pre-Modification
 Next Interest Rate
 Change Date	Pre-Modification I/O
 Term	Forgiven Principal
 Amount	Forgiven Interest
 Amount	Number of
 Modifications	Cash To/From Brrw at Closing	Brrw - Yrs at in Industry
	1	 	 	 	 	 	 	 	 	 	24
	2	 	 	 	 	 	 	 	 	 	15
	3	 	 	 	 	 	 	 	 	 	15
	4	 	 	 	 	 	 	 	 	 	21
	5	 	 	 	 	 	 	 	 	 	10
	6	 	 	 	 	 	 	 	 	 	13
	7	 	 	 	 	 	 	 	 	 	6







 





	 	161	162	163	164	165	166	167	168	169	170
	KEY	CoBrrw - Yrs at in Industry	Junior Mortgage Drawn Amount	Maturity Date	Primary Borrower Wage Income (Salary)	Primary Borrower Wage Income (Bonus)	Primary Borrower Wage Income (Commission)	Co-Borrower Wage Income (Salary)	Co-Borrower Wage Income (Bonus)	Co-Borrower Wage Income (Commission)	Originator Doc Code
	1	 	0	20420301	0.00	0.00	0.00	 	 	 	Full
	2	 	0	20420501	41261.00	0.00	0.00	0.00	0.00	0.00	Full
	3	8	235000	20420501	87598.00	0.00	0.00	9333.00	0.00	0.00	Full
	4	 	0	20420401	20833.74	0.00	0.00	 	 	 	Full
	5	 	0	20420501	0.00	0.00	0.00	0.00	0.00	0.00	Full
	6	 	0	20420501	41600.00	0.00	0.00	 	 	 	Full
	7	 	0	20420501	19533.00	0.00	0.00	 	 	 	Full







 


 





	 	171	172
	KEY	RWT Income Verification	RWT Asset Verification
	1	2 Years	2 Months
	2	2 Years	2 Months
	3	2 Years	2 Months
	4	2 Years	2 Months
	5	2 Years	2 Months
	6	2 Years	2 Months
	7	2 Years	2 Months







 


 


 


 


 





	ASF RMBS DISCLOSURE PACKAGE



The American Securitization Forum is a broad-based professional forum through which participants in the U.S. securitization market advocate their common interests on important legal, regulatory and market practice issues. ASF members include over 380 firms, including issuers, investors, servicers, financial intermediaries, rating agencies, financial guarantors, legal and accounting firms, and other professional organizations involved in securitization transactions. The ASF also provides information, education and training on a range of securitization market issues and topics through industry conferences, seminars and similar initiatives. For more information about ASF, its members and activities, please go to www.americansecuritization.com.	 
	Field
    Number	Field
    Name	Field
    Description	Type
    of Field	Data
    Type	Sample
    Data	Format	When
    Applicable?	Valid
    Values	Proposed
    Unique Coding	Notes	 
	1	Primary
    Servicer	The
    MERS Organization ID of the company that has or will have the right to service the loan.	General
    Information	Numeric
    – Integer	2351805	9(7)	Always	”9999999”
    if Unknown	 	 	 
	2	Servicing
    Fee—Percentage	Aggregate
    monthly fee paid to all servicers, stated in decimal form.	General
    Information	Numeric
    - Decimal	0.0025	9.999999	Loans
    without flat-dollar servicing fees	>=
    0 and < 1	 	Must
    be populated if Field 3 is Null	 
	3	Servicing
    Fee—Flat-dollar	Aggregate
    monthly fee paid to all servicers, stated as a dollar amount.	General
    Information	Numeric
    – Decimal	7.5	9(3).99	Loans
    with flat-dollar servicing fees	>=
                                                                                                                                                           0
                                                                                                                                                           and

        <=
        999
	 	Must
    be populated if 2 is Null	 
	4	Servicing
    Advance Methodology	The
    manner in which principal and/or interest are to be advanced by the servicer.	General
    Information	Numeric
    – Integer	2	99	Always	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Scheduled
                                                                                                                                                           Interest,
                                                                                                                                                           Scheduled
                                                                                                                                                           Principal

        2 = Actual Interest, Actual
        Principal

        3 = Scheduled Interest,
        Actual Principal

        99 = Unknown
	 	 
	5	Originator	The
    MERS Organization ID of the entity that lends funds to the borrower and, in return, places a lien on the mortgage property
    as collateral.	General
    Information	Numeric
    – Integer	5938671	9(7)	Always	”9999999”
    if Unknown	 	 	 
	6	Loan
    Group	Indicates
    the collateral group number in which the loan falls (for structures with multiple collateral groups). Use “1”
    if there is only one loan group.	General
    Information	Text	1A	XXXX	Always	“UNK”
    if Unknown	 	 	 
	7	Loan
    Number	Unique
    National Mortgage Loan ID Number (Vendor TBD).	General
    Information	Numeric
    – Integer	TBD	TBD	Always	TBD	 	Details
    to be provided by Vendor	 
	8	Amortization
    Type	Indicates
    whether the loan’s interest rate is fixed or adjustable (Hybrid ARMs are adjustable).	Loan
    Type	Numeric
    – Integer	2	99	Always	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Fixed

        2 = Adjustable

        99 = Unknown
	 	 
	9	Lien
    Position	A
    number indicating the loan’s lien position (1 = first lien, etc.).	Loan
    Type	Numeric
    – Integer	1	99	Always	>0	99
    = Unknown	 	 
	10	HELOC
    Indicator	Indicates
    whether the loan is a home equity line of credit.	Loan
    Type	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                                                                                           =
                                                                                                                                                           No

        1 = Yes

        99 = Unknown
	 	 
	11	Loan
    Purpose	Indicates
    the purpose of the loan.	Loan
    Type	Numeric
    – Integer	9	99	Always	See
    Coding	See
    Appendix A	 	 
	12	Cash
    Out Amount	Cash
    Out Amount:   [New Loan] – [PIF Prior First Lien] – [Payoff of all Seasoned Seconds] – [Closing
    Costs] – [Prepays]
 
 For delayed purchases (refinances on homes purchased < 12 months prior to the mortgage
    application) with cash)  Cash Out Amount = 0.	Loan
    Type	Numeric
    – Decimal	72476.5	9(10).99	Always	>=
    0	 	 	 
	 
	 
	13	Total
    Origination and Discount Points (in dollars)	Amount
    paid to the lender to increase the lender’s effective yield and, in the case of discount points, to reduce the interest
    rate paid by the borrower.	Loan
    Type	Numeric
    – Decimal	5250	9(10).99	Always	>=
    0	 	Typically
    Lines 801 and 802 of HUD Settlement Statement	 
	14	Covered/High
    Cost Loan Indicator	Indicates
    whether the loan is categorized as “high cost” or “covered” according to state or federal statutes
    or regulations.	Loan
    Type	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                                                                                           =
                                                                                                                                                           No

        1 = Yes

        99 = Unknown
	 	 
	15	Relocation
    Loan Indicator	Indicates
    whether the loan is part of a corporate relocation program.	Loan
    Type	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                                                                                           =
                                                                                                                                                           No

        1 = Yes

        99 = Unknown
	 	 
	16	Broker
    Indicator	Indicates
    whether a broker took the application.	Loan
    Type	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                                                                                           =
                                                                                                                                                           No

        1 = Yes

        99 = Unknown
	 	 
	17	Channel	Code
    indicating the source (channel) from which the Issuer obtained the mortgage loan.	Loan
    Type	Numeric
    – Integer	2	99	Always	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Retail

        2 = Broker

        3 = Correspondent Bulk

        4 = Correspondent Flow
        with delegated underwriting

        5 = Correspondent Flow
        without delegated underwriting

        99 = Unknown
	 	 
	18	Escrow
    Indicator	Indicates
    whether various homeownership expenses are paid by the borrower directly or through an escrow account (as of securitization
    cut-off date).	Loan
    Type	Numeric
    – Integer	3	99	Always	See
    Coding	0
                                                                                                                                                           =
                                                                                                                                                           No
                                                                                                                                                           Escrows

        1 = Taxes

        2 = Insurance

        3 = HOA dues

        4 = Taxes and Insurance

        5 = All

        99 =Unknown
	 	 
	19	Senior
    Loan Amount(s)	For
    non-first mortgages, the sum of the balances of all associated senior mortgages at the time of origination of the subordinate
    lien. 	Mortgage
    Lien Info	Numeric
    – Decimal	611004.25	9(10).99	If
    Lien Position > 1	>=
    0	 	 	 
	20	Loan
    Type of Most Senior Lien	For
    non-first mortgages, indicates whether the associated first mortgage is a Fixed, ARM, Hybrid, or negative amortization loan.	Mortgage
    Lien Info	Numeric
    – Integer	2	99	If
    Lien Position > 1	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Fixed
                                                                                                                                                           Rate

        2 = ARM

        3 = Hybrid

        4 = Neg Am

        99 = Unknown
	 	 
	21	Hybrid
    Period of Most Senior Lien (in months)	For
    non-first mortgages where the associated first mortgage is a hybrid ARM, the number of months remaining in the initial fixed
    interest rate period for the hybrid first mortgage.	Mortgage
    Lien Info	Numeric
    – Integer	23	999	If
                                                                                                                                                           Lien
                                                                                                                                                           Position
                                                                                                                                                           >
                                                                                                                                                           1

        AND
        the most senior lien is a hybrid ARM (see Field 20)
	>=
    0	 	 	 
	22	Neg
    Am Limit of Most Senior Lien	For
    non-first mortgages where the associated first mortgage features negative amortization, the maximum percentage by which the
    negatively amortizing balance may increase (expressed as a proportion of the senior lien’s original balance).	Mortgage
    Lien Info	Numeric
    – Decimal	1.25	9.999999	If
                                                                                                                                                           Lien
                                                                                                                                                           Position
                                                                                                                                                           >
                                                                                                                                                           1

        AND
        the senior lien is Neg Am (see Field 20)
	>=
    1 and <= 2	 	 	 
	23	Junior
    Mortgage Balance	For
    first mortgages with subordinate liens at the time of origination, the combined balance of the subordinate liens (if known).	Mortgage
    Lien Info	Numeric
    – Decimal	51775.12	9(10).99	If
    Lien Position = 1 and there is a 2nd lien on the subject property	>=
    0	 	Subject
    to Regulatory Confirmation	 
	24	Origination
    Date of Most Senior Lien	For
    non-first mortgages, the origination date of the associated first mortgage.	Mortgage
    Lien Info	Date	20090914	YYYYMMDD	If
    Lien Position > 1 and there is a 2nd lien on the subject property	“19010101”
    if unknown	 	 	 
	25	Origination
    Date	The
    date of the Mortgage Note and Mortgage/Deed of Trust	Loan
    Term and Amortization Type	Date	20090914	YYYYMMDD	Always	“19010101”
    if unknown	 	 	 
	26	Original
    Loan Amount	The
    dollar amount of the mortgage loan, as specified on the mortgage note at the time of the loan’s origination. For HELOCs,
    the maximum available line of credit.	Loan
    Term and Amortization Type	Numeric
    – Decimal	150000	9(10).99	Always	>0	 	 	 
	27	Original
    Interest Rate	The
    original note rate as indicated on the mortgage note.	Loan
    Term and Amortization Type	Numeric
    – Decimal	0.0475	9.999999	Always	>
    0 and <= 1	 	 	 
	28	Original
    Amortization Term	The
    number of months in which the loan would be retired if the amortizing principal and interest payment were to be paid each
    month.	Loan
    Term and Amortization Type	Numeric
    – Integer	360	999	Always	>=
    60	 	 	 
	29	Original
    Term to Maturity	The
    initial number of months between loan origination and the loan maturity date, as specified on the mortgage note.	Loan
    Term and Amortization Type	Numeric
    – Integer	60	999	Always	>0	N/A	 	 
	30	First
    Payment Date of Loan	The
    date of the first scheduled mortgage payment to be made by the borrower as specified on the mortgage note.	Loan
    Term and Amortization Type	Date	20090914	YYYYMMDD	Always	“19010101”
    if unknown	N/A	 	 
	31	Interest
    Type Indicator	Indicates
    whether the interest rate calculation method is simple or actuarial.	Loan
    Term and Amortization Type	Numeric
    – Integer	2	99	Always	See
    Coding	1=
                                                                                                                                                           Simple

        2 = Actuarial

        99 = Unknown
	 	 
	32	Original
    Interest Only Term	Original
    interest-only term for a loan in months (including NegAm Loans).	Loan
    Term and Amortization Type	Numeric
    – Integer	60	999	Always	>=
                                                                                                                                                           0
                                                                                                                                                           and
                                                                                                                                                           <=
                                                                                                                                                           240

        Unknown
        = Blank;

        No
        Interest Only Term = 0
	 	 	 
	33	Buy
    Down Period	The
    total number of months during which any buy down is in effect, representing the accumulation of all buy down periods.	Loan
    Term and Amortization Type	Numeric
    – Integer	65	999	Always	>=
                                                                                                                                                           0
                                                                                                                                                           and
                                                                                                                                                           <=
                                                                                                                                                           100

        Unknown
        = Blank;

        No
        Buy Down = 0
	 	 	 
	34	HELOC
    Draw Period	The
    original number of months during which the borrower may draw funds against the HELOC account.	Loan
    Term and Amortization Type	Numeric
    – Integer	24	999	HELOCs
    Only	>=
    12 and <= 120	 	 	 
	35	Scheduled
    Loan Amount	Mortgage
    loan scheduled principal balance as of cut-off date. For HELOCs, the current drawn amount.	Loan
    Term and Amortization Type	Numeric
    – Decimal	248951.19	9(10).99	Always	>=
    0	 	 	 
	36	Current
    Interest Rate	The
    interest rate used to calculate the current P&I or I/O payment.	Loan
    Term and Amortization Type	Numeric
    – Decimal	0.05875	9.999999	Always	>
    0 and <= 1	 	 	 
	37	Current
    Payment Amount Due	Next
    Total Payment due to be collected (including principal, interest or both—but Exclude Escrow Amounts).	Loan
    Term and Amortization Type	Numeric
    – Decimal	1250.15	9(10).99	Always	>
    0	 	 	 
	38	Scheduled
    Interest Paid
 Through Date	 	Loan
    Term and Amortization Type	Date	20090429	YYYYMMDD	Always	“19010101”
    if unknown	 	 	 
	39	Current
    Payment Status	Number
    of payments the borrower is past due as of the securitization cut-off date.	Loan
    Term and Amortization Type	Numeric
    – Integer	3	99	Always	>=
    0	 	 	 
	40	Index
    Type	Specifies
    the type of index to be used to determine the interest rate at each adjustment.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Integer	18	99	ARMs
    Only	See
    Coding	See
    Appendix B	 	 
	41	ARM
    Look-back Days	The
    number of days prior to the interest rate adjustment date to retrieve the index value.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Integer	45	99	ARMs
    Only	>=
    0 to <=99	 	 	 
	42	Gross
    Margin	The
    percentage stated on the mortgage note representing the spread between the ARM Index value and the mortgage interest rate.
    The gross mortgage margin is added to the index value to establish a new gross interest rate in the manner prescribed on the
    mortgage note.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.03	9.999999	ARMs
    Only	>0
    and <= 1	 	 	 
	43	ARM
    Round Flag	An
    indicator of whether an adjusted interest rate is rounded to the next higher ARM round factor, to the next lower round factor,
    or to the nearest round factor.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Integer	3	9	ARMs
    Only	See
    Coding	0
                                                                                                                                                           =
                                                                                                                                                           No
                                                                                                                                                           Rounding

        1 = Up

        2 = Down

        3 = Nearest

        99=Unknown
	 	 
	44	ARM
    Round Factor	The
    percentage to which an adjusted interest rate is to be rounded.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.0025
    or 0.00125	9.999999	ARMs
                                                                                                                                                           Only

        Where
        ARM Round Flag = 1, 2, or 3
	>=
    0 and < 1	 	 	 
	45	Initial
    Fixed Rate Period	For
    hybrid ARMs, the period between the first payment date of the mortgage and the first interest rate adjustment date.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Integer	60	999	Hybrid
    ARMs Only	>=
    1 to <=240	 	 	 
	46	Initial
    Interest Rate Cap (Change Up)	The
    maximum percentage by which the mortgage note rate may increase at the first interest rate adjustment date.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.02	9.999999	ARMs
    Only	>=
    0 and <= 1	99=no
    cap	 	 
	47	Initial
    Interest Rate  Cap (Change Down)	The
    maximum percentage by which the mortgage note rate may decrease at the first interest rate adjustment date.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.02	9.999999	ARMs
    Only	>=
    0 and <= 1	99=no
    cap	 	 
	48	Subsequent
    Interest Rate Reset Period	The
    number of months between subsequent rate adjustments.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Integer	60	999	ARMs
    Only	>=0
    and <= 120	 	0
    = Loan does not adjust after initial reset	 
	49	Subsequent
    Interest Rate (Change Down)	The
    maximum percentage by which the interest rate may decrease at each rate adjustment date after the initial adjustment.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.02	9.999999	ARMs
    Only	>=
    0 and <= 1	99=no
    cap	 	 
	50	Subsequent
    Interest Rate Cap (Change Up)	The
    maximum percentage by which the interest rate may increase at each rate adjustment date after the initial adjustment.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.02	9.999999	ARMs
    Only	>=
    0 and <= 1	99=no
    cap	 	 
	51	Lifetime
    Maximum Rate (Ceiling)	The
    maximum interest rate that can be in effect during the life of the loan.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.125	9.999999	ARMs
    Only	>=
    0 and <= 1	 	=1
    if no ceiling specified	 
	 
	 
	52	Lifetime
    Minimum Rate (Floor)	The
    minimum interest rate that can be in effect during the life of the loan.	Adjustable
    Rate Mortgages (ARMs)	Numeric
    – Decimal	0.015	9.999999	ARMs
    Only	>=
    0 and <= 1	 	If
    no floor is specified enter the greater of the margin or 0.	 
	53	Negative
    Amortization Limit	The
    maximum amount of negative amortization allowed before recast is required. (Expressed as a percentage of the original unpaid
    principal balance.)	Negative
    Amortization	Numeric
    – Decimal	1.25	9.999999	Negatively
    Amortizing ARMs Only	>=0,
    and <2	 	 	 
	54	Initial
    Negative Amortization Recast Period	The
    number of months in which the payment is required to recast if the loan does not reach the prescribed maximum balance earlier.	Negative
    Amortization	Numeric
    – Integer	60	999	Negatively
    Amortizing ARMs Only	>=0	 	 	 
	55	Subsequent
    Negative Amortization Recast Period	The
    number of months after which the payment is required to recast AFTER the first recast period.	Negative
    Amortization	Numeric
    – Integer	48	999	Negatively
    Amortizing ARMs Only	>=0	 	 	 
	56	Initial
    Fixed Payment Period	Number
    of months after origination during which the payment is fixed.	Negative
    Amortization	Numeric
    – Integer	60	999	Negatively
    Amortizing Hybrid ARMs Only	>=
    0 to <=120	 	 	 
	57	Subsequent
    Payment Reset Period	Number
    of months between payment adjustments after first payment reset.	Negative
    Amortization	Numeric
    – Integer	12	999	Negatively
    Amortizing ARMs Only	>=
    0 to <=120	 	 	 
	58	Initial
    Periodic Payment Cap	The
    maximum percentage by which a payment can change (increase or decrease) in the first period. 	Negative
    Amortization	Numeric
    – Decimal	0.075	9.999999	Negatively
    Amortizing ARMs Only	>=
    0 and < 1	 	 	 
	59	Subsequent
    Periodic Payment Cap	The
    maximum percentage by which a payment can change (increase or decrease) in one period after the initial cap. 	Negative
    Amortization	Numeric
    – Decimal	0.075	9.999999	Negatively
    Amortizing ARMs Only	>=
    0 and < 1	 	 	 
	60	Initial
    Minimum Payment Reset Period	The
    maximum number of months a borrower can initially pay the minimum payment before a new minimum payment is determined.	Negative
    Amortization	Numeric
    – Integer	12	999	Negatively
    Amortizing ARMs Only	>=
    0 to <=120	 	 	 
	61	Subsequent
    Minimum Payment Reset Period	The
    maximum number of months (after the initial period) a borrower can pay the minimum payment before a new minimum payment is
    determined after the initial period.	Negative
    Amortization	Numeric
    – Integer	12	999	Negatively
    Amortizing ARMs Only	>=
    0 to <=120	 	 	 
	62	Option
    ARM Indicator	An
    indicator of whether the loan is an Option ARM.	Negative
    Amortization	Numeric
    – Integer	1	99	ARMs
    Only	See
    Coding	0
                                                                                                                                                           =
                                                                                                                                                           No

        1 = Yes

        99 = Unknown
	 	 
	63	Options
    at Recast	The
    means of computing the lowest monthly payment available to the borrower after recast.	Option
    ARM	Numeric
    – Integer	2	99	Option
    ARMs Only	N/A	1=
                                                                                                                                                           Fully
                                                                                                                                                           amortizing
                                                                                                                                                           30
                                                                                                                                                           year

        2= Fully amortizing 15
        year

        3=Fully amortizing 40
        year

        4 = Interest-Only

        5 = Minimum Payment

        99= Unknown
	 	 
	64	Initial
    Minimum Payment	The
    initial minimum payment the borrower is permitted to make.	Option
    ARM	Numeric
    – Decimal	879.52	99	Option
    ARMs Only	>=0	 	 	 
	65	Current
    Minimum Payment	Current
    Minimum Payment (in dollars).	Negative
    Amortization	Numeric
    – Decimal	250	9(10).99	Option
    ARMs Only	>=
    0	 	 	 
	66	Prepayment
    Penalty Calculation	A
    description of how the prepayment penalty would be calculated during each phase of the prepayment penalty term.	Prepayment
    Penalties	Numeric
    – Integer	12	99	Always	See
    Coding	See
    Appendix C	 	 
	67	Prepayment
    Penalty Type	•
                                                                                                                                                           Hard:
                                                                                                                                                           The
                                                                                                                                                           prepayment
                                                                                                                                                           penalty
                                                                                                                                                           is
                                                                                                                                                           incurred
                                                                                                                                                           regardless
                                                                                                                                                           of
                                                                                                                                                           the
                                                                                                                                                           reason
                                                                                                                                                           the
                                                                                                                                                           loan
                                                                                                                                                           is
                                                                                                                                                           prepaid
                                                                                                                                                           in
                                                                                                                                                           full.

        • Hybrid:
        The prepayment penalty can be characterized as hard for a certain amount of time and as soft during another period.

         

         
	Prepayment
    Penalties	Numeric
    – Integer	1	99	All
    loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”)	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Hard

        2 = Soft

        3 = Hybrid

        99 = Unknown
	 	 
	68	Prepayment
    Penalty Total Term	The
    total number of months that the prepayment penalty may be in effect.	Prepayment
    Penalties	Numeric
    – Integer	60	999	All
    loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”)	>0
    to <=120	 	 	 
	69	Prepayment
    Penalty Hard Term	For
    hybrid prepayment penalties, the number of months during which a “hard” prepayment penalty applies.	Prepayment
    Penalties	Numeric
    – Integer	12	999	Loans
    with Hybrid Prepayment Penalties (i.e., loans for which Field 67 = “3”)	>=
    0 to <=120	 	 	 
	70	Primary
    Borrower ID	A
    lender-generated ID number for the primary borrower on the mortgage	Borrower	Numeric—Integer	123456789	999999999	Always	>0	 	Used
    to identify the number of times a single borrower appears in a given deal.	 
	71	Number
    of Mortgaged Properties	The
    number of residential properties owned by the borrower that currently secure mortgage loans.	Borrower	Numeric
    – Integer	1	99	Always	>
    0	 	 	 
	72	Total
    Number of Borrowers	The
    number of Borrowers who are obligated to repay the mortgage note.	Borrower	Numeric
    – Integers	2	99	Always	>
    0	 	 	 
	73	Self-employment
    Flag	An
    indicator of whether the primary borrower is self-employed.	Borrower	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                                                                                           =
                                                                                                                                                           No

        1 = Yes

        99 = Unknown
	 	 
	74	Current
    ‘Other’ Monthly Payment	The
    aggregate of all payments pertaining to the subject property other than principal and interest (includes common charges, condo
    fees, T&I, HOA, etc.), whether escrowed or not.	Loan
    Term and Amortization Type	Numeric
    – Decimal	1789.25	9(10).99	Always	>
    0	 	 	 
	75	Length
    of Employment: Borrower	The
    number of years of service with the borrower’s current employer as of the date of the loan.	Borrower
    Qualification	Numeric
    – Decimal	3.5	99.99	Always	>=0	99
    = Retired, None employment income soure (social security, trust income, dividends, etc.)	 	 
	76	Length
    of Employment: Co-Borrower	The
    number of years of service with the co-borrower’s current employer as of the date of the loan.	Borrower
    Qualification	Numeric
    – Decimal	3.5	99.99	If
    “Total Number of Borrowers” > 1	>=
    0	99
    = Retired, None employment income soure (social security, trust income, dividends, etc.)	 	 
	77	Years
    in Home	Length
    of time that the borrower has been at current address.	Borrower
    Qualification	Numeric
    – Decimal	14.5	99.99	Refinances
    of Primary Residences Only (Loan Purpose = 1, 2, 3, 4, 8 or 9)	>
    0	 	 	 
	78	FICO
    Model Used	Indicates
    whether the FICO score was calculated using the Classic, Classic 08, or Next Generation model.	Borrower
    Qualification	Numeric
    – Integer	1	99	If
    a FICO score was obtained	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Classic

        2 = Classic 08

        3 = Next Generation

        99 = Unknown
	 	 
	79	Most
    Recent FICO Date	Specifies
    the date on which the most recent FICO score was obtained	Borrower
    Qualification	Date	20090914	YYYYMMDD	If
    a FICO score was obtained	“19010101”
    if unknown	 	Issuers
    unable to Provide may Rep and Warrant that the FICO score used for underwriting was not more than 4 months old at the date
    of issuance.	 
	80	Primary
    Wage Earner Original FICO:  Equifax	Equifax
    FICO score for primary borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a FICO score was obtained	>=
    350 and <= 850	 	 	 
	81	Primary
    Wage Earner Original FICO:  Experian	Experian
    FICO score for primary borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a FICO score was obtained	>=
    350 and <= 850	 	 	 
	82	Primary
    Wage Earner Original FICO:  TransUnion	TransUnion
    FICO score for primary borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a FICO score was obtained	>=
    350 and <= 850	 	 	 
	83	Secondary
    Wage Earner Original FICO:  Equifax	Equifax
    FICO score for Co-borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    “Total Number of Borrowers” > 1	>=
    350 and <= 850	 	 	 
	84	Secondary
    Wage Earner Original FICO:  Experian	Experian
    FICO score for Co-borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    “Total Number of Borrowers” > 1	>=
    350 and <= 850	 	 	 
	85	Secondary
    Wage Earner Original FICO: TransUnion	TransUnion
    FICO score for Co-borrower (if applicable).	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    “Total Number of Borrowers” > 1	>=
    350 and <= 850	 	 	 
	86	Most
    Recent Primary Borrower FICO	Most
    Recent Primary Borrower FICO score used by the lender to approve the loan.	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a FICO score was obtained	>=
    350 and <= 850	 	 	 
	87	Most
    Recent Co-Borrower FICO	Most
    Recent Co-Borrower FICO score used by the lender to approve the loan.	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    “Total Number of Borrowers” > 1	>=
    350 and <= 850	 	 	 
	88	Most
    Recent FICO Method	Number
    of credit repositories used to update the FICO Score.	Borrower
    Qualification	Numeric
    – Integer	2	9	If
    a FICO score was obtained	>0	 	 	 
	89	VantageScore:
    Primary Borrower	Credit
    Score for the Primary Borrower used to approve the loan and obtained using the Vantage credit evaluation model.	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a Vantage Credit Score was obtained	>=
    501 and <= 990	 	 	 
	90	VantageScore:
    Co-Borrower	Credit
    Score for the Co-borrower used to approve the loan and obtained using the Vantage credit evaluation model.	Borrower
    Qualification	Numeric
    – Integer	720	9999	If
    a VantageScore was obtained AND “Total Number of Borrowers” > 1	>=
    501 and <= 990	 	 	 
	91	Most
    Recent VantageScore Method	Number
    of credit repositories used to update the Vantage Score.	Borrower
    Qualification	Numeric
    – Integer	2	9	If
    a Vantage Credit Score was obtained	>0	 	 	 
	92	VantageScore
    Date	Date
    Vantage Credit Score was obtained.	Borrower
    Qualification	Date	20090914	YYYYMMDD	If
    a Vantage Credit Score was obtained	“19010101”
    if unknown	 	 	 
	93	Credit
    Report: Longest Trade Line	The
    length of time in months that the oldest active trade line, installment or revolving, has been outstanding. For a loan with
    more than one borrower, populate field based on status for the primary borrower.	Borrower
    Qualification	Numeric
    – Integer	999	999	Always	>
    =0	 	Subject
    to Regulatory Confirmation	 
	94	Credit
    Report: Maximum Trade Line	The
    dollar amount for the trade line, installment or revolving, with the largest unpaid balance. For revolving lines of credit,
    e.g. credit card, the dollar amount reported should reflect the maximum amount of credit available under the credit line whether
    used or not. For a loan with more than one borrower, populate field based on status for the primary borrower.	Borrower
    Qualification	Numeric
    – Decimal	339420.19	9(10).99	Always	>=0	 	Subject
    to Regulatory Confirmation	 
	95	Credit
    Report: Number of Trade Lines	A
    count of non-derogatory, currently open and active, consumer trade lines (installment or revolving) for the borrower. For
    a loan with more than one borrower, populate field based on status for the primary borrower.	Borrower
    Qualification	Numeric
    – Integer	57	999	Always	>=0	 	Subject
    to Regulatory Confirmation	 
	96	Credit
    Line Usage Ratio	Sum
    of credit balances divided by sum of total open credit available.	Borrower
    Qualification	Numeric
    – Decimal	0.27	9.999999	Always	>=
    0 and <= 1	 	Subject
    to Regulatory Confirmation	 
	97	Most
    Recent 12-month Pay History	String
    indicating the payment status per month listed from oldest to most recent.	Borrower
    Qualification	Text	77X123200001	X(12)	Always	See
    Coding	0
                                                                                                                                                           =
                                                                                                                                                           Current

        1 = 30-59 days delinquent

        2 = 60-89 days delinquent

        3 = 90-119 days delinquent

        4 = 120+ days delinquent

        5 = Foreclosure

        6 = REO

        7 = Loan did not exist
        in period

        X = Unavailable
	 	 
	98	Months
    Bankruptcy	Number
    of months since any borrower was discharged from bankruptcy. (Issuers unable to provide this information may rep and warrant
    that at least x years—as specified in the loan program—have passed since most recent discharge from bankruptcy.)	Borrower
    Qualification	Numeric
    – Integer	12	999	If
    Borrower has ever been in Bankruptcy	>=
    0	 	Blank
    = Borrower is not known to have been in bankruptcy	 
	99	Months
    Foreclosure	Number
    of months since foreclosure sale date. (Issuers unable to provide this information may rep and warrant that at least x
    years—as specified in the loan program— have passed since most recent foreclosure.)	Borrower
    Qualification	Numeric
    – Integer	12	999	If
    Borrower has ever been in Foreclosure	>=
    0	 	Blank
    = Borrower is not known to have been in foreclosure	 
	100	Primary
    Borrower Wage Income	Monthly
    base wage income for primary borrower.	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	Always	>=
    0	 	 	 
	101	Co-Borrower
    Wage Income	Monthly
    base wage income for all other borrowers.	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	If
    “Total Number of Borrowers” > 1	>=
    0	 	 	 
	102	Primary
    Borrower Other Income	Monthly
    Other (non-wage) income for primary borrower. (This figure should include net rental income and be reduced by any net rental
    loss.)	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	Always	>=
    0	 	 	 
	103	Co-Borrower
    Other Income	Monthly
    Other (non-wage) income for all other borrowers. (This figure should include net rental income and be reduced by any net rental
    loss.)	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	If
    “Total Number of Borrowers” > 1	>=
    0	 	 	 
	104	All
    Borrower Wage Income	Monthly
    income of all borrowers derived from base salary only.	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	Always	>=
    0	 	 	 
	105	All
    Borrower Total Income	Monthly
    income of all borrowers derived from base salary, commission, tips and gratuities, overtime and bonuses, part-time or second-job
    earnings, alimony, child support, interest and dividend income, notes receivable, trust income, net rental income,
    retirement income, social security, veterans income, military income, foster care income, and self-employed income.	Borrower
    Qualification	Numeric
    – Decimal	9000	9(9).99	Always	>=
    0	 	 	 
	106	4506-T
    Indicator	A
    yes/no indicator of whether a Transcript of Tax Return (received pursuant to the filing of IRS Form 4506-T) was obtained and
    considered.	Borrower
    Qualification	Numeric
    – Integer	1	99	Always	See
    Coding	0
                                                                                                                                                           =
                                                                                                                                                           No

        1 = Yes

        99 = Unknown
	 	 
	107	Borrower
    Income Verification Level	A
                                                                                                                                                           code
                                                                                                                                                           indicating
                                                                                                                                                           the
                                                                                                                                                           extent
                                                                                                                                                           to
                                                                                                                                                           which
                                                                                                                                                           the
                                                                                                                                                           borrower’s
                                                                                                                                                           income
                                                                                                                                                           has
                                                                                                                                                           been
                                                                                                                                                           verified:

        Level
        4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if
        salaried)

        Level
        5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**)

        *For self-employed
        borrowers: Level 4 Income Verification:

        • 2 Years Tax Returns

        • Self-prepared tax returns (regardless of 4506 and tax transcripts)

        

        ** For self-employed borrowers: Level 5 Income Verification:

        • 2 Years tax returns

        • Tax returns prepared and not executed by a CPA, with

        o CPA name & phone number shown on the Preparer section of the tax return

        o Executed 4506 and tax transcripts (matching returns in file)

        • Tax returns prepared and executed by a CPA (regardless of 4506 and tax transcripts)
	Borrower
    Qualification	Numeric
    – Integer	1	9	Always	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Not
                                                                                                                                                           Stated,
                                                                                                                                                           Not
                                                                                                                                                           Verified

        2 = Stated, Not Verified

        3 = Stated, “Partially”
        Verified

        4 = Stated, “Level
        4” Verified (as defined)

        5 = Stated, “Level
        5” Verified (as defined)

         
	 	 
	108	Co-Borrower
    Income Verification	A
                                                                                                                                                                       code
                                                                                                                                                                       indicating
                                                                                                                                                                       the
                                                                                                                                                                       extent
                                                                                                                                                                       to
                                                                                                                                                                       which
                                                                                                                                                                       the
                                                                                                                                                                       co-borrower’s
                                                                                                                                                                       income
                                                                                                                                                                       has
                                                                                                                                                                       been
                                                                                                                                                                       verified:

         

        Level 4 Income Verification
        = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried)

         

        Level 5 Income Verification
        = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**)

        *For self-employed borrowers:
        Level 4 Income Verification:

        • 2 Years Tax Returns

        • Self-prepared tax returns (regardless of 4506 and tax transcripts)

        

        ** For self-employed borrowers: Level 5 Income Verification:

        • 2 Years tax returns

        • Tax returns prepared and not executed by a CPA, with

        o CPA name & phone number shown on the Preparer section of the tax return

        o Executed 4506 and tax transcripts (matching returns in file)

        • Tax returns prepared and executed by a CPA (regardless of 4506 and tax transcripts)
	Borrower
    Qualification	Numeric
    – Integer	2	9	If
    “Total Number of Borrowers” > 1	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Not
                                                                                                                                                           Stated,
                                                                                                                                                           Not
                                                                                                                                                           Verified

        2 = Stated, Not Verified

        3 = Stated, “Partially”
        Verified

        4 = Stated, “Level
        4” Verified (as defined)

        5 = Stated, “Level
        5” Verified (as defined)
	 	 
	 	 	 
	109	Borrower
    Employment Verification	A
                                                                                                                                                           code
                                                                                                                                                           indicating
                                                                                                                                                           the
                                                                                                                                                           extent
                                                                                                                                                           to
                                                                                                                                                           which
                                                                                                                                                           the
                                                                                                                                                           primary
                                                                                                                                                           borrower’s
                                                                                                                                                           employment
                                                                                                                                                           has
                                                                                                                                                           been
                                                                                                                                                           verified:

         

        Level 3 Verified = Direct
        Independent Verification with a third party of the borrower’s current employment.
	Borrower
    Qualification	Numeric
    – Integer	2	9	Always	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Not
                                                                                                                                                           Stated,
                                                                                                                                                           Not
                                                                                                                                                           Verified

        2 = Stated, Not Verified

        3 = Stated, Level 3 Verified
        (as defined)
	 	 
	110	Co-Borrower
    Employment Verification	A
                                                                                                                                                           code
                                                                                                                                                           indicating
                                                                                                                                                           the
                                                                                                                                                           extent
                                                                                                                                                           to
                                                                                                                                                           which
                                                                                                                                                           the
                                                                                                                                                           co-borrower’s
                                                                                                                                                           employment
                                                                                                                                                           has
                                                                                                                                                           been
                                                                                                                                                           verified:

         

        Level 3 Verified = Direct
        Independent Verification with a third party of the co-borrower’s current employment.
	Borrower
    Qualification	Numeric
    – Integer	1	9	If
    “Total Number of Borrowers” > 1	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Not
                                                                                                                                                           Stated,
                                                                                                                                                           Not
                                                                                                                                                           Verified

        2 = Stated, Not Verified

        3 = Stated, Level 3 Verified
        (as defined)
	 	 
	111	Borrower
    Asset Verification	A
                                                                                                                                                           code
                                                                                                                                                           indicating
                                                                                                                                                           the
                                                                                                                                                           extent
                                                                                                                                                           to
                                                                                                                                                           which
                                                                                                                                                           the
                                                                                                                                                           primary
                                                                                                                                                           borrower’s
                                                                                                                                                           assets
                                                                                                                                                           used
                                                                                                                                                           to
                                                                                                                                                           qualify
                                                                                                                                                           the
                                                                                                                                                           loan
                                                                                                                                                           have
                                                                                                                                                           been
                                                                                                                                                           verified:

         

        Level 4 Verified = 2 months
        of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter).

         
	Borrower
    Qualification	Numeric
    – Integer	3	9	Always	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Not
                                                                                                                                                           Stated,
                                                                                                                                                           Not
                                                                                                                                                           Verified

        2 = Stated, Not Verified

        3 = Stated, “Partially”
        Verified

        4 = Stated, Level 4 Verified
        (as defined)
	 	 
	112	Co-Borrower
    Asset Verification	A
                                                                                                                                                           code
                                                                                                                                                           indicating
                                                                                                                                                           the
                                                                                                                                                           extent
                                                                                                                                                           to
                                                                                                                                                           which
                                                                                                                                                           the
                                                                                                                                                           co-borrower’s
                                                                                                                                                           assets
                                                                                                                                                           used
                                                                                                                                                           to
                                                                                                                                                           qualify
                                                                                                                                                           the
                                                                                                                                                           loan
                                                                                                                                                           have
                                                                                                                                                           been
                                                                                                                                                           verified:

         

        Level 4 = 2 months of
        bank statements/balance documentation (written or electronic) for liquid assets (or gift letter).

         
	Borrower
    Qualification	Numeric
    – Integer	2	9	If
    “Total Number of Borrowers” > 1	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Not
                                                                                                                                                           Stated,
                                                                                                                                                           Not
                                                                                                                                                           Verified

        2 = Stated, Not Verified

        3 = Stated, “Partially”
        Verified

        4 = Stated, Level 4 Verified
        (as defined)
	 	 
	113	Liquid
    / Cash Reserves	The
    actual dollar amount of remaining verified liquid assets after settlement. (This should not include cash out amount of subject
    loan.)	Borrower
    Qualification	Numeric
    – Decimal	3242.76	9(9).99	Always	>=
    0	 	 	 
	114	Monthly
    Debt All Borrowers	The
    aggregate monthly payment due on other debt (excluding only installment loans with fewer than 10 payments remaining and other
    real estate loans used to compute net rental income-- which is added/subtracted in the income fields).	Borrower
    Qualification	Numeric
    – Decimal	3472.43	9(9).99	Always	>=
    0	 	 	 
	115	Originator
    DTI	Total
    Debt to income ratio used by the originator to qualify the loan.	Borrower
    Qualification	Numeric
    – Decimal	0.35	9.999999	Always	>=
    0 and >= 1	 	 	 
	116	Fully
    Indexed Rate	The
    fully indexed interest rate as of securitization cut-off.	Borrower
    Qualification	Numeric
    – Decimal	0.0975	9.999999	ARMs
    Only	>=
    0 and >= 1	 	 	 
	117	Qualification
    Method	Type
    of mortgage payment used to qualify the borrower for the loan.	Borrower
    Qualification	Numeric
    – Integer	3	99	Always	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Start
                                                                                                                                                           Rate

        2 = First Year Cap Rate

        3 = I/O Amount

        4 = Fully Indexed

        5 = Min Payment

        98 = Other

        99 = Unknown
	 	 
	118	Percentage
    of Down Payment from Borrower Own Funds	Include
    only borrower funds, do not include any gift or borrowed funds. (Issuers may provide the actual percentage for each loan,
    or the guideline percentage and note departure concentration on the transaction summary.)	Borrower
    Qualification	Numeric
    – Decimal	0.5	9.999999	Purchase
    Loans Only	>=
    0 and >= 1	 	 	 
	119	City	The
    name of the city.	Subject
    Property	Text	New
    York	X(45)	Always	Unk=Unknown	 	 	 
	120	State	The
    name of the state as a 2-digit Abbreviation.	Subject
    Property	Text	NY	XX	Always	See
    Coding	See
    Appendix H	 	 
	121	Postal
    Code	The
    postal code (zip code in the US) where the subject property is located.	Subject
    Property	Text	10022	X(5)	Always	Unk=Unknown	 	 	 
	122	Property
    Type	Specifies
    the type of property being used to secure the loan.	Subject
    Property	Numeric
    – Integer	11	99	Always	See
    Coding	See
    Appendix D	 	 
	123	Occupancy	Specifies
    the property occupancy status (e.g., owner-occupied, investment property, second home, etc.).	Subject
    Property	Numeric
    – Integer	4	9	Always	See
    Coding	See
    Appendix E	 	 
	124	Sales
    Price	The
    negotiated price of a given property between the buyer and seller.	Subject
    Property	Numeric
    – Decimal	450000.23	9(10).99	Purchase
    Loans Only	>
    0	 	 	 
	125	Original
    Appraised Property Value	The
    appraised value of the property used to approve the loan.	Subject
    Property	Numeric
    – Decimal	550000.23	9(10).99	Always	>
    0	 	 	 
	126	Original
    Property Valuation Type	Specifies
    the method by which the property value (at the time of underwriting) was reported.	Subject
    Property	Numeric
    – Integer	8	99	Always	See
    Coding	See
    Appendix F	 	 
	127	Original
    Property Valuation Date	Specifies
    the date on which the original property value (at the time of underwriting) was reported. (Issuers unable to provide may
    Rep and Warrant that the appraisal used for underwriting was not more than x days old at time of loan closing.)	Subject
    Property	Date	20090914	YYYYMMDD	Always	“19010101”
    if unknown	 	 	 
	128	Original
    Automated Valuation Model (AVM) Model Name	The
    name of the AVM Vendor if an AVM was used to determine the original property valuation.	Subject
    Property	Numeric
    – Integer	1	99	Always	See
    Appendix I	See
    Appendix I	 	 
	129	Original
    AVM Confidence Score	The
    confidence range presented on the AVM report.	Subject
    Property	Numeric
    – Decimal	0.74	9.999999	If
    AVM Model Name (Field 127) > 0	>=
    0 to <= 1	 	 	 
	130	Most
    Recent Property Value[1]	If
    a valuation was obtained subsequent to the valuation used to calculate LTV, the most recent property value.	Subject
    Property	Numeric
    – Decimal	500000	9(10).99	If
    updated value was obtained subsequent to loan approval	>
    0	 	 	 
	131	Most
    Recent Property Valuation Type	If
    an additional property valuation was obtained after the valuation used for underwriting purposes, the method by which the
    property value was reported.	Subject
    Property	Numeric
    – Integer	6	9	If
    updated value was obtained subsequent to loan approval	See
    Coding	See
    Appendix F	 	 
	132	Most
    Recent Property Valuation Date	Specifies
    the date on which the updated property value was reported.	Subject
    Property	Date	20090914	YYYYMMDD	If
    updated value was obtained subsequent to loan approval	“19010101”
    if unknown	 	 	 
	133	Most
    Recent AVM Model Name	The
    name of the AVM Vendor if an AVM was used to determine the updated property valuation.	Subject
    Property	Numeric
    – Integer	19	99	If
    updated value was obtained subsequent to loan approval	See
    Coding	See
    Appendix I	 	 
	134	Most
    Recent AVM Confidence Score	If
    AVM used to determine the updated property valuation, the confidence range presented on the AVM report.	Subject
    Property	Numeric
    – Decimal	0.85	9.999999	If
    “Most Recent AVM Model Name” > 0	>=
    0 to <= 1	 	 	 
	135	Original
    CLTV	The
    ratio obtained by dividing the amount of all known outstanding mortgage liens on a property at origination by the lesser of
    the appraised value or the sales price.  The value is then truncated to four decimal places.	Loan-to-Value
    (LTV)	Numeric
    – Decimal	0.96	9.999999	Always	>=
    0 and <= 1.5	 	 	 
	136	Original
    LTV	The
    ratio obtained by dividing the original mortgage loan amount on the note date by the lesser of the mortgaged property’s
    appraised value on the note date or its purchase price.  The value is then truncated to four decimal places.	Loan-to-Value
    (LTV)	Numeric
    – Decimal	0.8	9.999999	Always	>=
    0 and <= 1.25	 	 	 
	137	Original
    Pledged Assets	The
    total value of assets pledged as collateral for the loan at the time of origination. Pledged assets may include cash or marketable
    securities.	Loan-to-Value
    (LTV)	Numeric
    – Decimal	75000	9(10).99	Always	>=0	 	 	 
	138	Mortgage
    Insurance Company Name	The
    name of the entity providing mortgage insurance for a loan.	Mortgage
    Insurance	Numeric
    – Integer	3	99	Always	See
    Coding	See
    Appendix G	 	 
	139	Mortgage
    Insurance Percent	Mortgage
    Insurance coverage percentage.	Mortgage
    Insurance	Numeric
    – Decimal	0.25	9.999999	“Mortgage
    Insurance Company Name” > 0	>=
    0 to <= 1	 	 	 
	140	MI:
    Lender or Borrower Paid?	An
    indicator of whether mortgage insurance is paid by the borrower or the lender.	Mortgage
    Insurance	Numeric
    – Integer	1	99	“Mortgage
    Insurance Company Name” > 0	See
    Coding	1
                                                                                                                                                           =
                                                                                                                                                           Borrower-Paid

        2 = Lender- Paid

        99 = Unknown
	 	 
	141	Pool
    Insurance Co. Name	Name
    of pool insurance provider.	Mortgage
    Insurance	Numeric
    – Integer	8	99	Always	See
    Coding	See
    Appendix G	 	 
	142	Pool
    Insurance Stop Loss %	The
    aggregate amount that a pool insurer will pay, calculated as a percentage of the pool balance.	Mortgage
    Insurance	Numeric
    – Decimal	0.25	9.999999	Pool
    MI Company > 0	>=
    0 to <= 1	 	 	 
	143	MI
    Certificate Number	The
    unique number assigned to each individual loan insured under an MI policy.	Mortgage
    Insurance	Text	123456789G	X(20)	MI
                                                                                                                                                           Company

        >
        0
	UNK
    = Unknown	 	 	 
	144	Updated
                                                                                                                                                           DTI

        (Front-end)
	Updated
    front-end DTI ratio (total monthly housing expense divided by total monthly income) used to qualify the loan modification.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.35	9.999999	Modified
    Loans Only	>=
    0 and >= 1	 	 	 
	145	Updated
                                                                                                                                                           DTI

        (Back-end)
	Updated
    back-end DTI ratio (total monthly debt expense divided by total monthly income) used to qualify the loan modification.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.35	9.999999	Modified
    Loans Only	>=
    0 and >= 1	 	 	 
	146	Modification
    Effective Payment Date	Date
    of first payment due post modification.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Date	20090914	YYYYMMDD	Modified
    Loans Only	“19010101”
    if unknown	 	 	 
	147	Total
    Capitalized Amount	Amount
    added to the principal balance of a loan due to the modification.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0	 	 	 
	148	Total
    Deferred Amount	Any
    non-interest-bearing deferred amount (e.g., principal, interest and fees).	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0	 	 	 
	149	Pre-Modification
    Interest (Note) Rate	Scheduled
    Interest Rate Of The Loan Immediately Preceding The Modification Effective Payment Date.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.075	9.999999	Modified
    Loans Only	>=
    0 to <= 1	 	 	 
	150	Pre-Modification
    P&I Payment	Scheduled
    Total Principal And Interest Payment Amount Preceding The Modification Effective Payment Date – or if servicer is no
    longer advancing P&I, the payment that would be in effect if the loan were current.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	2310.57	9(10).99	Modified
    Loans Only	>
    0	 	 	 
	151	Pre-Modification
    Initial Interest Rate Change Downward Cap	Maximum
    amount the rate can adjust downward on the first interest rate adjustment date (prior to modification) – Only provide
    if the rate floor is modified.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.015	9.999999	Modified
    Loans Only	>=
    0 to <= 1	 	 	 
	152	Pre-Modification
    Subsequent Interest Rate Cap	Maximum
    increment the rate can adjust upward AFTER the initial rate adjustment (prior to modification) – Only provide if the
    Cap is modified.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	0.015	9.999999	Modified
    Loans Only	>=
    0 to <= 1	 	 	 
	153	Pre-Modification
    Next Interest Rate Change Date	Next
    Interest Reset Date Under The Original Terms Of The Loan (one month prior to new payment due date).	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Date	20090914	YYYYMMDD	Modified
    Loans Only	“19010101”
    if unknown	 	 	 
	154	Pre-Modification
    I/O Term	Interest
    Only Term (in months) preceding The Modification Effective Payment Date.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Integer	36	999	Modified
    Loans Only	>=
    0 to <= 120	 	 	 
	155	Forgiven
    Principal Amount	The
    sum total of all principal balance reductions (as a result of loan modification) over the life of the loan.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0	 	 	 
	156	Forgiven
    Interest Amount	The
    sum total of all interest incurred and forgiven (as a result of loan modification) over the life of the loan.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Decimal	12000	9(10).99	Modified
    Loans Only	>=
    0	 	 	 
	157	Number
    of Modifications	The
    number of times the loan has been modified.	Loan
    Modifications (Pertains only to loans modified for loss mitigation purposes)	Numeric
    – Integer	1	9	Modified
    Loans Only	>=
    0	 	 	 
	158	Cash
    To/From Brrw at Closing	Indicates
    the amount of cash the borrower(s) paid into or received at closing. 
 
 [HUD-1 Bottom Line] + [Earnest money] + [Paid
    Outside Closing Items]	 	Numeric
    – Decimal	100000.01	9(10).99	 	 	 	 	 
	159	Brrw
    - Yrs at in Industry	Number
    of years the primary borrower has been working in their current industry	 	Numeric
    – Decimal	9.9	9.999999	 	 	 	 	 
	160	CoBrrw
    - Yrs at in Industry	Number
    of years the co-borrower has been working in their current industry	 	Numeric
    – Decimal	8	9.999999	 	 	 	 	 
	161	Junior
    Mortgage Drawn Amount	Applicable
    if the subject loan is a first mortgage.   At the time of origination for the subject loan, the sum of the outstanding
    balance(s) for any junior mortgages (HELOCs and closed-end).	 	Numeric
    – Decimal	100000.01	9(10).99	 	 	 	 	 
	162	Maturity
    Date	Maturity
    date of mortgage	 	Date	20420501	YYYYMMDD	 	 	 	 	 
	163	Primary
    Borrower Wage Income (Salary)	The
    primary borrower's salary wage income	 	Numeric
    – Decimal	10000.44	9(10).99	 	 	 	 	 
	164	Primary
    Borrower Wage Income (Bonus)	The
    primary borrower's bonus wage income	 	Numeric
    – Decimal	10000.44	9(10).99	 	 	 	 	 
	165	Primary
    Borrower Wage Income (Commission)	The
    primary borrower's commission wage income	 	Numeric
    – Decimal	10000.44	9(10).99	 	 	 	 	 
	166	Co-Borrower
    Wage Income (Salary)	The
    coborrower's salary wage income	 	Numeric
    – Decimal	10000.44	9(10).99	 	 	 	 	 
	167	Co-Borrower
    Wage Income (Bonus)	The
    coborrower's bonus wage income	 	Numeric
    – Decimal	10000.44	9(10).99	 	 	 	 	 
	168	Co-Borrower
    Wage Income (Commission)	The
    coborrower's commission wage income	 	Numeric
    – Decimal	10000.44	9(10).99	 	 	 	 	 
	169	Originator
    Doc Code	Documentation
    Code value as presented by the seller.	 	Text	Full	XXXX	 	 	 	 	 
	170	RWT
    Income Verification	Internal
    Redwood Derived field.  Due Diligence / Trade Desk derived value indicating the level of primary borrower asset verification	 	Text	2
    Years	XXXX	 	 	 	 	 
	171	RWT
    Asset Verification	Internal
    Redwood Derived field.  Due Diligence / Trade Desk derived value indicating the level of primary borrower Income verification	 	Text	2
    Months	XXXX	 	 	 	 	 
	MH-1	Real
    Estate Interest	Indicates
    whether the property on which the manufactured home is situated is owned outright or subject to the terms of a short- or long-term
    lease. (A long-term lease is defined as a lease whose term is greater than or equal to the loan term.)	Manufactured
    Housing	Numeric
    – Integer	2	99	Manufactured
    Housing Loans Only	See
    Coding	1
                                                                                                                      = Owned

        2 = Short-term lease

        3 = Long-term lease

        99 = Unavailable
	 	 
	MH-2	Community
    Ownership Structure	If
    the manufactured home is situated in a community, a means of classifying ownership of the community.	Manufactured
    Housing	Numeric
    – Integer	2	99	Manufactured
    Housing Loans Only	See
    Coding	1
                                                                                                                = Public Institutional

        2 = Public Non-Institutional

        3 = Private Institutional

        4 = Private Non-Institutional

        5 = HOA-Owned

        6 = Non-Community

        99 = Unavailable
	 	 
	MH-3	Year
    of Manufacture	The
    year in which the home was manufactured (Model Year -- YYYY Format). Required only in cases where a full appraisal is not
    provided.	Manufactured
    Housing	Numeric
    – Integer	2006	YYYY	Manufactured
    Housing Loans Only	1901
    = Unavailable	 	 	 
	MH-4	HUD
    Code Compliance  Indicator (Y/N)	Indicates
    whether the home was constructed in accordance with the 1976 HUD code. In general, homes manufactured after 1976 comply with
    this code.	Manufactured
    Housing	Numeric
    – Integer	1	9	Manufactured
    Housing Loans Only	See
    Codes	0
                                                                                                                                                           =
                                                                                                                                                           No

        1 = Yes

        99 = Unavailable
	 	 
	MH-5	Gross
    Manufacturer’s Invoice Price	The
    total amount that appears on the manufacturer’s invoice (typically includes intangible costs such as transportation,
    association, on-site setup, service and warranty costs, taxes, dealer incentives, and other fees).	Manufactured
    Housing	Numeric
    – Decimal	72570.62	9(10).99	Manufactured
    Housing Loans Only	>=
    0	 	 	 
	MH-6	LTI
    (Loan-to-Invoice) Gross	The
    ratio of the loan amount divided by the Gross Manufacturer’s Invoice Price (Field MH-5).	Manufactured
    Housing	Numeric
    – Decimal	0.75	9.999999	Manufactured
    Housing Loans Only	>=
    0 to <= 1	 	 	 
	MH-7	Net
    Manufacturer’s Invoice Price	The
    Gross Manufacturer’s Invoice Price (Field MH-5) minus intangible costs, including: transportation, association,
    on-site setup, service, and warranty costs, taxes, dealer incentives, and other fees.	Manufactured
    Housing	Numeric
    – Decimal	61570.62	9(10).99	Manufactured
    Housing Loans Only	>=
    0	 	 	 
	MH-8	LTI
    (Net)	The
    ratio of the loan amount divided by the Net Manufacturer’s Invoice Price (Field MH-7).	Manufactured
    Housing	Numeric
    – Decimal	0.62	9.999999	Manufactured
    Housing Loans Only	>=
    0 to <= 1	 	 	 
	MH-9	Manufacturer
    Name	The
    manufacturer of the subject property. (To be applied only in cases where no appraised value/other type of property valuation
    is available.)	Manufactured
    Housing	Text	“XYZ
    Corp”	Char
    (100)	Manufactured
    Housing Loans Only (where no appraised value is provided)	MH
    Manufacturer name in double quotation marks	 	 	 
	MH-10	Model
    Name	The
    model name of the subject property. (To be applied only in cases where no appraised value/other type of property valuation
    is available.)	Manufactured
    Housing	Text	“DX5-916-X”	Char
    (100)	Manufactured
    Housing Loans Only (where no appraised value is provided)	MH
    Model name in double quotation marks	 	 	 
	MH-11	Down
    Payment Source	An
    indicator of the source of the down payment used by the borrower to acquire the property and qualify for the mortgage.	Manufactured
    Housing	Numeric
    – Integer	2	99	Manufactured
    Housing Loans Only	See
    Codes	1
                                                                                                                                                           =
                                                                                                                                                           Cash

        2 = Proceeds from trade
        in

        3 = Land in Lieu

        4 = Other

        99 = Unavailable
	 	 
	MH-12	Community/Related
    Party Lender (Y/N)	An
    indicator of whether the loan was made by the community owner, an affiliate of the community owner or the owner of the real
    estate upon which the collateral is located.	Manufactured
    Housing	Numeric
    – Integer	1	99	Manufactured
    Housing Loans Only	See
    Codes	0
                                                                                                                                                           =
                                                                                                                                                           No

        1 = Yes

        99 = Unavailable
	 	 
	MH-13	Defined
    Underwriting Criteria (Y/N)	An
    indicator of whether the loan was made in accordance with a defined and/or standardized set of underwriting criteria.	Manufactured
    Housing	Numeric
    – Integer	1	99	Manufactured
    Housing Loans Only	See
    Codes	0
                                                                                                                                                           =
                                                                                                                                                           No

        1 = Yes

        99 = Unavailable
	 	 
	MH-14	Chattel
    Indicator	An
    Indicator of whether the secured property is classified as chattel or Real Estate.	Manufactured
    Housing	Numeric
    – Integer	1	99	Manufactured
    Housing Loans Only	See
    Codes	0
                                                                                                                                                           =
                                                                                                                                                           Real
                                                                                                                                                           Estate

        1 = Chattel

        99 = Unavailable
	 	 


 


 







 


 


 


 


 


 



    	12



    	 



    

 


ATTACHMENT 2


 


PURCHASE AGREEMENT


 


 


 


See Exhibit 10.11 to Form 8-K filed by
the Issuing Entity on June 29, 2012