EXHIBIT 10.19 


 


EXECUTION COPY


 


ASSIGNMENT OF REPRESENTATIONS AND WARRANTIES
AGREEMENT


 


This is an Assignment
of Representations and Warranties Agreement (the “Agreement”) made as of the 15th day of January, 2013, 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 January 1, 2013 (the “Pooling and Servicing Agreement”), and Fremont
Bank, a California state chartered financial institution (“Fremont”).


 


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 Fremont (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 Fremont 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 Fremont 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.    
      Fremont hereby acknowledges the foregoing assignments.


 


Representations and Warranties


 


4.      
    Assignor warrants and represents to, and covenants with, Depositor, Assignee and Fremont 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 Fremont 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 Fremont 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 Fremont
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.


 



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7.      
    Fremont warrants and represents to, and covenants with, Assignor, Depositor and Assignee 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)          Fremont
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)          Fremont
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 Fremont’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of
Fremont’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Fremont 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 Fremont
or its property is subject. The execution, delivery and performance by Fremont 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 Fremont. This Agreement
has been duly executed and delivered by Fremont and, upon the due authorization, execution and delivery by Assignor, Assignee and
the Depositor, will constitute the valid and legally binding obligation of Fremont enforceable against Fremont 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 Fremont in connection with the execution, delivery or performance by Fremont of this Agreement, or the
consummation by it of the transactions contemplated hereby.


 


Restated Fremont Representations and
Warranties


 


8.    
      Pursuant to Section 32(d) of the Purchase Agreement, Fremont 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.


 



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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 Fremont to repurchase Mortgage Loans pursuant to Section 7.03 of the Purchase Agreement, subject to the provisions
of Section 10.


 


Recognition of Assignee


 


9.     
     From and after the date hereof, subject to Section 10 below, Fremont 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 Fremont 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. Fremont 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 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) 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 “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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Business
Day: Any day other than (i) a Saturday or a Sunday, (ii) a legal holiday in the states of California, Delaware, Maryland, Minnesota,
Missouri or New York, (iii) a day on which banks in the states of California, Delaware, 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 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:


 


		(a)	In the case of Fremont,



 


Fremont Bank


25151 Clawiter Road


Hayward, California 94545


Attention: Gary DeLuca,
Residential Lending


 



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		(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 - Sequoia Mortgage Trust 2013-1


 


		(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.


9062 Old Annapolis Road


Columbia, Maryland 21045)


Telephone number: (410) 884-2000


Facsimile number: (410) 715-2380


Attention: Client Manager —
Sequoia Mortgage Trust 2013-1


 


		(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


 



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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 Fremont may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Depositor,
Assignee or Fremont, respectively, hereunder.


 


16.         This
Agreement shall survive the conveyance of the Mortgage Loans, the assignment of the representations and warranties made by Fremont
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. Fremont hereby consents to such exercise and enforcement.


 


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.


 



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20.         Master
Servicer. Fremont 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 Fremont hereunder and under the Purchase Agreement and the right to
exercise the remedies of the Purchaser hereunder and under the Purchase Agreement.


 


Fremont 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 #39107500, Sequoia
Mortgage Trust 2013-1 Distribution Account


 


21.         Fremont
acknowledges that the custodian will be Wells Fargo Bank, N.A. acting pursuant to the Custodial Agreement. Notwithstanding Section
10 of the Purchase Agreement, Fremont 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.


 


22.         Rule
17g-5 Compliance. Fremont 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 2013-1” 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 Fremont in writing of any change in the identity
or contact information of the Rule 17g-5 Information Provider. Fremont 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 Fremont, 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 Fremont or (ii) such Rating Agency’s or NRSRO’s evaluation of Fremont’s operations in general; provided, however,
that Fremont 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
	 	 	 
	 	FREMONT BANK
	 	 	 
	 	By:	/s/ Gary DeLuca
	 	Name:	Gary DeLuca
	 	Title:	SVP / Group Executive


 


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



	 
	Title:	VP	 


 


Signature Page – Assignment of Representations
and Warranties – Fremont Bank (SEMT 2013-1)


 



    	 



    	 



    

 





ATTACHMENT 1


 


MORTGAGE LOAN SCHEDULE







 








	 	1	2	3	4	5	6	7	8	9	10
	 	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	 	 	1001105	Group 2	8001174427	1	1	0
	2	1000383	0.002500	 	 	1001105	Group 2	8001147571	1	1	0
	3	1000383	0.002500	 	 	1001105	Group 2	8001178386	1	1	0
	4	1000383	0.002500	 	 	1001105	Group 2	8001083818	1	1	0
	5	1000383	0.002500	 	 	1001105	Group 2	6000150513	1	1	0
	6	1000383	0.002500	 	 	1001105	Group 2	6000145935	1	1	0
	7	1000383	0.002500	 	 	1001105	Group 2	8001144438	1	1	0
	8	1000383	0.002500	 	 	1001105	Group 2	6000151446	1	1	0
	9	1000383	0.002500	 	 	1001105	Group 2	8001148116	1	1	0
	10	1000383	0.002500	 	 	1001105	Group 2	6000140993	1	1	0
	11	1000383	0.002500	 	 	1001105	Group 2	8001177024	1	1	0
	12	1000383	0.002500	 	 	1001105	Group 2	6000120227	1	1	0
	13	1000383	0.002500	 	 	1001105	Group 2	8001151300	1	1	0
	14	1000383	0.002500	 	 	1001105	Group 1	6000135092	1	1	0
	15	1000383	0.002500	 	 	1001105	Group 2	6000135795	1	1	0
	16	1000383	0.002500	 	 	1001105	Group 2	6000134061	1	1	0
	17	1000383	0.002500	 	 	1001105	Group 2	6000137940	1	1	0
	18	1000383	0.002500	 	 	1001105	Group 2	6000152220	1	1	0
	19	1000383	0.002500	 	 	1001105	Group 2	6000150851	1	1	0
	20	1000383	0.002500	 	 	1001105	Group 2	6000149184	1	1	0
	21	1000383	0.002500	 	 	1001105	Group 2	6000140803	1	1	0
	22	1000383	0.002500	 	 	1001105	Group 2	8001047490	1	1	0
	23	1000383	0.002500	 	 	1001105	Group 2	8001172025	1	1	0
	24	1000383	0.002500	 	 	1001105	Group 2	6000146644	1	1	0
	25	1000383	0.002500	 	 	1001105	Group 2	8001136632	1	1	0
	26	1000383	0.002500	 	 	1001105	Group 2	6000141108	1	1	0
	27	1000383	0.002500	 	 	1001105	Group 2	6000137585	1	1	0
	28	1000383	0.002500	 	 	1001105	Group 2	6000145141	1	1	0
	29	1000383	0.002500	 	 	1001105	Group 2	6000136710	1	1	0







 


 





	 	11	12	13	14	15	16	17	18	19	20
	 	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	7	 	 	 	 	 	1	0	0	 
	2	9	 	 	 	 	 	1	0	0	 
	3	3	 	 	 	 	 	1	0	0	 
	4	9	 	 	 	 	 	1	0	0	 
	5	7	 	 	 	 	 	1	4	0	 
	6	9	 	 	 	 	 	1	0	0	 
	7	9	 	 	 	 	 	1	0	0	 
	8	9	 	 	 	 	 	1	0	0	 
	9	9	 	 	 	 	 	1	0	0	 
	10	9	 	 	 	 	 	1	0	0	 
	11	9	 	 	 	 	 	1	0	0	 
	12	9	 	 	 	 	 	1	4	0	 
	13	9	 	 	 	 	 	1	0	0	 
	14	9	 	 	 	 	 	1	0	0	 
	15	9	 	 	 	 	 	1	0	0	 
	16	6	 	 	 	 	 	1	0	0	 
	17	9	 	 	 	 	 	1	0	0	 
	18	7	 	 	 	 	 	1	4	0	 
	19	7	 	 	 	 	 	1	0	0	 
	20	9	 	 	 	 	 	1	0	0	 
	21	9	 	 	 	 	 	1	0	0	 
	22	9	 	 	 	 	 	1	0	0	 
	23	7	 	 	 	 	 	1	0	0	 
	24	9	 	 	 	 	 	1	0	0	 
	25	9	 	 	 	 	 	1	0	0	 
	26	7	 	 	 	 	 	1	0	0	 
	27	9	 	 	 	 	 	1	0	0	 
	28	9	 	 	 	 	 	1	0	0	 
	29	9	 	 	 	 	 	1	4	0	 










 





	 	21	22	23	24	25	26	27	28	29	30
	 	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	 	20121017	532000.00	0.037500	360	360	20121201
	2	 	 	0.00	 	20121102	640125.00	0.037500	360	360	20130101
	3	 	 	0.00	 	20121029	660000.00	0.036250	360	360	20130101
	4	 	 	25000.00	 	20120827	664500.00	0.041250	360	360	20121101
	5	 	 	0.00	 	20121101	663000.00	0.038750	360	360	20130101
	6	 	 	0.00	 	20121026	674000.00	0.041250	360	360	20121201
	7	 	 	75000.00	 	20121013	676900.00	0.040000	360	360	20121201
	8	 	 	0.00	 	20121026	680000.00	0.041250	360	360	20121201
	9	 	 	0.00	 	20120928	688000.00	0.037500	360	360	20121201
	10	 	 	0.00	 	20121023	688000.00	0.042500	360	360	20121201
	11	 	 	0.00	 	20121121	707000.00	0.035000	360	360	20130101
	12	 	 	0.00	 	20121105	708000.00	0.043750	360	360	20130101
	13	 	 	92000.00	 	20121026	714695.00	0.037500	360	360	20121201
	14	 	 	0.00	 	20120919	730000.00	0.035000	180	180	20121101
	15	 	 	0.00	 	20121015	738500.00	0.045000	360	360	20121201
	16	 	 	0.00	 	20120829	749200.00	0.042500	360	360	20121001
	17	 	 	0.00	 	20121012	760000.00	0.042500	360	360	20121201
	18	 	 	0.00	 	20121102	780000.00	0.038750	360	360	20130101
	19	 	 	0.00	 	20121023	784000.00	0.040000	360	360	20121201
	20	 	 	0.00	 	20121029	789000.00	0.038750	360	360	20121201
	21	 	 	500000.00	 	20121022	800000.00	0.038750	360	360	20121201
	22	 	 	0.00	 	20120803	821000.00	0.038750	360	360	20121001
	23	 	 	0.00	 	20121025	825000.00	0.040000	360	360	20121201
	24	 	 	0.00	 	20121026	843000.00	0.042500	360	360	20121201
	25	 	 	0.00	 	20120925	945000.00	0.038750	360	360	20121101
	26	 	 	0.00	 	20120928	975000.00	0.041250	360	360	20121201
	27	 	 	0.00	 	20121015	1032500.00	0.041250	360	360	20121201
	28	 	 	0.00	 	20121031	1122000.00	0.038750	360	360	20130101
	29	 	 	0.00	 	20121015	1239500.00	0.040000	360	360	20121201







 





	 	31	32	33	34	35	36	37	38	39	40
	 	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	 	530394.95	0.037500	2463.77	20130101	0	 
	2	1	0	0	 	639160.88	0.037500	2964.52	20130101	0	 
	3	1	0	0	 	658983.81	0.036250	3009.94	20130101	0	 
	4	1	0	0	 	661681.52	0.041250	3220.50	20130101	0	 
	5	1	0	0	 	662023.27	0.038750	3117.67	20130101	0	 
	6	1	0	0	 	672097.42	0.041250	3266.54	20130101	0	 
	7	1	0	0	 	674946.16	0.040000	3231.62	20130101	0	 
	8	1	0	0	 	678080.47	0.041250	3295.62	20130101	0	 
	9	1	0	0	 	685924.30	0.037500	3186.24	20130101	0	 
	10	1	0	0	 	686100.89	0.042500	3384.55	20130101	0	 
	11	1	0	0	 	705887.33	0.035000	3174.75	20130101	0	 
	12	1	0	0	 	707046.31	0.043750	3534.94	20130101	0	 
	13	1	0	0	 	712538.74	0.037500	3309.86	20130101	0	 
	14	1	0	0	 	720442.05	0.035000	5218.64	20130101	0	 
	15	1	0	0	 	736551.37	0.045000	3741.87	20130101	0	 
	16	1	0	0	 	745049.22	0.042500	3685.61	20130101	0	 
	17	1	0	0	 	757902.14	0.042500	3738.74	20130101	0	 
	18	1	0	0	 	778850.91	0.038750	3667.85	20130101	0	 
	19	1	0	0	 	781737.03	0.040000	3742.94	20130101	0	 
	20	1	0	0	 	786671.52	0.038750	3710.17	20130101	0	 
	21	1	0	0	 	797639.07	0.038750	3761.90	20130101	0	 
	22	1	0	0	 	816138.51	0.038750	3860.65	20130101	0	 
	23	1	0	0	 	822618.68	0.040000	3938.68	20130101	0	 
	24	1	0	0	 	840673.01	0.042500	4147.05	20130101	0	 
	25	1	0	0	 	940809.96	0.038750	4443.74	20130101	0	 
	26	1	0	0	 	972247.74	0.041250	4725.33	20130101	0	 
	27	1	0	0	 	1029585.43	0.041250	5004.01	20130101	0	 
	28	1	0	0	 	1120347.07	0.038750	5276.06	20130101	0	 
	29	1	0	0	 	1235922.25	0.040000	5917.56	20130101	0	 










 





	 	41	42	43	44	45	46	47	48	49	50
	 	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	 	 	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 	 	 
	9	 	 	 	 	 	 	 	 	 	 
	10	 	 	 	 	 	 	 	 	 	 
	11	 	 	 	 	 	 	 	 	 	 
	12	 	 	 	 	 	 	 	 	 	 
	13	 	 	 	 	 	 	 	 	 	 
	14	 	 	 	 	 	 	 	 	 	 
	15	 	 	 	 	 	 	 	 	 	 
	16	 	 	 	 	 	 	 	 	 	 
	17	 	 	 	 	 	 	 	 	 	 
	18	 	 	 	 	 	 	 	 	 	 
	19	 	 	 	 	 	 	 	 	 	 
	20	 	 	 	 	 	 	 	 	 	 
	21	 	 	 	 	 	 	 	 	 	 
	22	 	 	 	 	 	 	 	 	 	 
	23	 	 	 	 	 	 	 	 	 	 
	24	 	 	 	 	 	 	 	 	 	 
	25	 	 	 	 	 	 	 	 	 	 
	26	 	 	 	 	 	 	 	 	 	 
	27	 	 	 	 	 	 	 	 	 	 
	28	 	 	 	 	 	 	 	 	 	 
	29	 	 	 	 	 	 	 	 	 	 









 





	 	51	52	53	54	55	56	57	58	59	60
	 	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	 	 	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 	 	 
	9	 	 	 	 	 	 	 	 	 	 
	10	 	 	 	 	 	 	 	 	 	 
	11	 	 	 	 	 	 	 	 	 	 
	12	 	 	 	 	 	 	 	 	 	 
	13	 	 	 	 	 	 	 	 	 	 
	14	 	 	 	 	 	 	 	 	 	 
	15	 	 	 	 	 	 	 	 	 	 
	16	 	 	 	 	 	 	 	 	 	 
	17	 	 	 	 	 	 	 	 	 	 
	18	 	 	 	 	 	 	 	 	 	 
	19	 	 	 	 	 	 	 	 	 	 
	20	 	 	 	 	 	 	 	 	 	 
	21	 	 	 	 	 	 	 	 	 	 
	22	 	 	 	 	 	 	 	 	 	 
	23	 	 	 	 	 	 	 	 	 	 
	24	 	 	 	 	 	 	 	 	 	 
	25	 	 	 	 	 	 	 	 	 	 
	26	 	 	 	 	 	 	 	 	 	 
	27	 	 	 	 	 	 	 	 	 	 
	28	 	 	 	 	 	 	 	 	 	 
	29	 	 	 	 	 	 	 	 	 	 









 





	 	61	62	63	64	65	66	67	68	69	70
	 	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	 	345
	2	 	 	 	 	 	 	 	0	 	483
	3	 	 	 	 	 	 	 	0	 	470
	4	 	 	 	 	 	 	 	0	 	206
	5	 	 	 	 	 	 	 	0	 	414
	6	 	 	 	 	 	 	 	0	 	327
	7	 	 	 	 	 	 	 	0	 	453
	8	 	 	 	 	 	 	 	0	 	519
	9	 	 	 	 	 	 	 	0	 	450
	10	 	 	 	 	 	 	 	0	 	474
	11	 	 	 	 	 	 	 	0	 	236
	12	 	 	 	 	 	 	 	0	 	114
	13	 	 	 	 	 	 	 	0	 	480
	14	 	 	 	 	 	 	 	0	 	425
	15	 	 	 	 	 	 	 	0	 	485
	16	 	 	 	 	 	 	 	0	 	344
	17	 	 	 	 	 	 	 	0	 	417
	18	 	 	 	 	 	 	 	0	 	501
	19	 	 	 	 	 	 	 	0	 	315
	20	 	 	 	 	 	 	 	0	 	460
	21	 	 	 	 	 	 	 	0	 	463
	22	 	 	 	 	 	 	 	0	 	430
	23	 	 	 	 	 	 	 	0	 	445
	24	 	 	 	 	 	 	 	0	 	374
	25	 	 	 	 	 	 	 	0	 	442
	26	 	 	 	 	 	 	 	0	 	451
	27	 	 	 	 	 	 	 	0	 	230
	28	 	 	 	 	 	 	 	0	 	295
	29	 	 	 	 	 	 	 	0	 	406







 





	 	71	72	73	74	75	76	77	78	79	80
	 	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	2	 	0	 	30	2	0	1	 	 
	2	3	 	0	 	18	6	1	1	 	 
	3	1	 	0	 	0.5	 	17	1	 	 
	4	2	 	1	 	29	 	13	1	 	 
	5	2	 	0	 	10	 	0	1	 	 
	6	1	 	0	 	1.75	 	1	1	 	 
	7	2	 	0	 	4	4	2.25	1	 	 
	8	1	 	0	 	9	5	5	1	 	 
	9	1	 	0	 	0	 	18	1	 	 
	10	2	 	0	 	3.25	7	6	1	 	 
	11	1	 	0	 	4	4	3	1	 	 
	12	4	 	1	 	7.5	 	0	1	 	 
	13	1	 	0	 	3	 	3	1	 	 
	14	3	 	0	 	0	 	9	1	 	 
	15	1	 	0	 	9.5	 	8	1	 	 
	16	1	 	0	 	14	 	0	1	 	 
	17	1	 	0	 	0.25	 	6	1	 	 
	18	1	 	0	 	0	 	0	1	 	 
	19	3	 	0	 	10.25	7.5	0	1	 	 
	20	1	 	0	 	18	0.5	4	1	 	 
	21	2	 	0	 	4	 	14	1	 	 
	22	1	 	0	 	0	 	17	1	 	 
	23	3	 	0	 	0	 	0	1	 	 
	24	3	 	0	 	20	0	1	1	 	 
	25	1	 	0	 	6	35	8	1	 	 
	26	2	 	0	 	5	0	0	1	 	 
	27	1	 	0	 	0.5	 	15	1	 	 
	28	3	 	1	 	22	 	11	1	 	 
	29	4	 	1	 	30	 	1	1	 	 









 





	 	81	82	83	84	85	86	87	88	89	90
	 	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	 	 	 	 	 	803	 	 	 	 
	2	 	 	 	 	 	790	 	 	 	 
	3	 	 	 	 	 	731	 	 	 	 
	4	 	 	 	 	 	786	 	 	 	 
	5	 	 	 	 	 	794	 	 	 	 
	6	 	 	 	 	 	791	 	 	 	 
	7	 	 	 	 	 	773	 	 	 	 
	8	 	 	 	 	 	797	 	 	 	 
	9	 	 	 	 	 	811	 	 	 	 
	10	 	 	 	 	 	778	 	 	 	 
	11	 	 	 	 	 	757	 	 	 	 
	12	 	 	 	 	 	787	 	 	 	 
	13	 	 	 	 	 	774	 	 	 	 
	14	 	 	 	 	 	807	 	 	 	 
	15	 	 	 	 	 	758	 	 	 	 
	16	 	 	 	 	 	774	 	 	 	 
	17	 	 	 	 	 	802	 	 	 	 
	18	 	 	 	 	 	734	 	 	 	 
	19	 	 	 	 	 	773	 	 	 	 
	20	 	 	 	 	 	737	 	 	 	 
	21	 	 	 	 	 	792	 	 	 	 
	22	 	 	 	 	 	776	 	 	 	 
	23	 	 	 	 	 	759	 	 	 	 
	24	 	 	 	 	 	798	 	 	 	 
	25	 	 	 	 	 	761	 	 	 	 
	26	 	 	 	 	 	781	 	 	 	 
	27	 	 	 	 	 	760	 	 	 	 
	28	 	 	 	 	 	740	 	 	 	 
	29	 	 	 	 	 	726	 	 	 	 









 





	 	91	92	93	94	95	96	97	98	99	100
	 	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	 	 
	8	 	 	 	 	 	 	 	000000000000	 	 
	9	 	 	 	 	 	 	 	000000000000	 	 
	10	 	 	 	 	 	 	 	000000000000	 	 
	11	 	 	 	 	 	 	 	000000000000	 	 
	12	 	 	 	 	 	 	 	000000000000	 	 
	13	 	 	 	 	 	 	 	000000000000	 	 
	14	 	 	 	 	 	 	 	000000000000	 	 
	15	 	 	 	 	 	 	 	000000000000	 	 
	16	 	 	 	 	 	 	 	000000000000	 	 
	17	 	 	 	 	 	 	 	000000000000	 	 
	18	 	 	 	 	 	 	 	000000000000	 	 
	19	 	 	 	 	 	 	 	000000000000	 	 
	20	 	 	 	 	 	 	 	000000000000	 	 
	21	 	 	 	 	 	 	 	000000000000	 	 
	22	 	 	 	 	 	 	 	000000000000	 	 
	23	 	 	 	 	 	 	 	000000000000	 	 
	24	 	 	 	 	 	 	 	000000000000	 	 
	25	 	 	 	 	 	 	 	000000000000	 	 
	26	 	 	 	 	 	 	 	000000000000	 	 
	27	 	 	 	 	 	 	 	000000000000	 	 
	28	 	 	 	 	 	 	 	000000000000	 	 
	29	 	 	 	 	 	 	 	000000000000	 	 









 





	 	101	102	103	104	105	106	107	108	109	110
	 	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	7805.55	8652.87	0.00	0.00	16458.42	16458.42	1	5	 	3
	2	14804.34	17833.40	0.00	0.00	32637.74	32637.74	1	5	 	3
	3	8750.00	 	0.00	 	8750.00	8750.00	1	5	 	3
	4	10796.00	0.00	0.00	0.00	10796.00	10796.00	1	5	 	3
	5	20799.29	0.00	0.00	0.00	20799.29	20799.29	1	5	 	3
	6	13384.38	 	0.00	 	13384.38	13384.38	1	5	 	3
	7	9446.26	3483.46	0.00	0.00	12929.72	12929.72	1	5	 	3
	8	8193.74	5659.33	0.00	0.00	13853.07	13853.07	1	5	 	3
	9	7220.73	7420.01	0.00	0.00	14640.74	14640.74	1	5	 	3
	10	10226.25	8372.49	0.00	0.00	18598.74	18598.74	1	5	 	3
	11	27304.87	0.00	0.00	0.00	27304.87	27304.87	1	5	 	3
	12	95737.33	 	0.00	 	95737.33	95737.33	1	5	 	3
	13	12500.00	0.00	1594.09	0.00	12500.00	14094.09	1	5	 	3
	14	35427.34	0.00	0.00	0.00	35427.34	35427.34	1	5	 	3
	15	8332.92	 	7253.96	 	8332.92	15586.88	1	5	 	3
	16	15000.00	0.00	8958.33	0.00	15000.00	23958.33	1	5	 	3
	17	12368.00	 	0.00	 	12368.00	12368.00	1	5	 	3
	18	15000.00	0.00	0.00	0.00	15000.00	15000.00	1	5	 	3
	19	27250.00	9016.80	0.00	0.00	36266.80	36266.80	1	5	 	3
	20	23618.25	0.00	0.00	0.00	23618.25	23618.25	1	5	 	3
	21	12500.00	0.00	19437.33	0.00	12500.00	31937.33	1	5	 	3
	22	8228.00	0.00	1422.00	0.00	8228.00	9650.00	1	5	 	3
	23	34598.71	 	0.00	 	34598.71	34598.71	1	5	 	3
	24	9750.00	5666.68	19867.17	0.00	15416.68	35283.85	1	5	 	3
	25	15806.74	3666.00	0.00	0.00	19472.74	19472.74	1	5	 	3
	26	6716.54	26250.00	0.00	0.00	32966.54	32966.54	1	5	 	3
	27	15833.34	 	0.00	 	15833.34	15833.34	1	5	 	3
	28	59956.75	 	0.00	 	59956.75	59956.75	1	5	 	3
	29	22522.52	0.00	0.00	0.00	22522.52	22522.52	1	5	 	3









 





	 	111	112	113	114	115	116	117	118	119
	 	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
	1	 	4	 	401154.31	4000.66	0.243077	 	 	100.000000
	2	 	4	 	1369393.09	9286.32	0.284527	 	 	 
	3	 	4	 	73299.50	3858.02	0.440917	 	 	 
	4	 	4	 	212724.62	3881.09	0.359493	 	 	 
	5	 	4	 	88584.39	6405.93	0.307988	 	 	100.000000
	6	 	4	 	35194.69	4867.16	0.363645	 	 	 
	7	 	4	 	45304.15	5539.45	0.428428	 	 	 
	8	 	4	 	118782.39	4262.60	0.307701	 	 	 
	9	 	4	 	198713.79	6561.22	0.448148	 	 	 
	10	 	4	 	288511.08	5857.41	0.314936	 	 	 
	11	 	4	 	746129.12	4896.83	0.179339	 	 	 
	12	 	4	 	915793.50	16928.18	0.176819	 	 	 
	13	 	4	 	123130.53	6211.56	0.440721	 	 	 
	14	 	4	 	10565905.72	6684.75	0.188689	 	 	 
	15	 	4	 	66583.27	5786.75	0.371258	 	 	 
	16	 	4	 	88736.23	5102.31	0.212966	 	 	100.000000
	17	 	4	 	94817.65	5418.09	0.438073	 	 	 
	18	 	4	 	324880.77	5660.10	0.377340	 	 	100.000000
	19	 	4	 	438069.84	10202.83	0.281327	 	 	100.000000
	20	 	4	 	40007.99	8235.14	0.348677	 	 	 
	21	 	4	 	777374.11	12896.17	0.403796	 	 	 
	22	 	4	 	208252.31	4985.92	0.516676	 	 	 
	23	 	4	 	391896.14	13731.57	0.396881	 	 	100.000000
	24	 	4	 	93951.37	9105.14	0.258054	 	 	 
	25	 	4	 	185170.76	7095.98	0.364406	 	 	 
	26	 	4	 	581369.56	14612.16	0.443242	 	 	100.000000
	27	 	4	 	283203.60	5739.02	0.362464	 	 	 
	28	 	4	 	790056.01	17553.84	0.292775	 	 	 
	29	 	4	 	745639.91	8949.82	0.397372	 	 	 









 


	 	120	121	122	123	124	125	126	127	128
	 	City	State	Postal
    Code	Property
    Type	Occupancy	Sales
    Price	Original
    Appraised Property Value	Original
    Property Valuation Type	Original
    Property Valuation Date
	1	SEBASTOPOL	CA	95472	1	1	665000.00	665000.00	3	20121003
	2	SAN JOSE	CA	95120	6	1	 	853500.00	3	20120927
	3	LOS ALTOS	CA	94022	1	1	 	1455000.00	3	20120904
	4	PLEASANTON	CA	94566	1	1	 	1008000.00	3	20120701
	5	SAN DIEGO	CA	92107	1	1	829000.00	830000.00	3	20121008
	6	SAN JOSE	CA	95120	1	1	 	975000.00	3	20121003
	7	DANVILLE	CA	94506	7	1	 	1025000.00	3	20120831
	8	SAN DIEGO	CA	92130	7	1	 	1020000.00	3	20121010
	9	LIVERMORE	CA	94550	7	1	 	1060000.00	3	20120912
	10	SAN DIEGO	CA	92131	7	1	 	860000.00	3	20120913
	11	PLEASANTON	CA	94566	1	1	 	1516000.00	3	20121024
	12	TAHOE CITY	CA	96145	7	2	 	900000.00	3	20120722
	13	BERKELEY	CA	94708	1	1	 	1385000.00	3	20121006
	14	CARDIFF BY THE SEA	CA	92007	1	1	 	1400000.00	3	20120816
	15	SAN JOSE	CA	95135	1	1	 	1055000.00	3	20120905
	16	ALBANY	CA	94706	1	1	936500.00	960000.00	3	20120812
	17	SAN MATEO	CA	94403	1	1	 	1300000.00	3	20120912
	18	LAFAYETTE	CA	94549	1	1	975000.00	1024000.00	3	20121012
	19	KENSINGTON	CA	94707	1	1	1184000.00	1184000.00	3	20121010
	20	WOODLAND HILLS	CA	91367	7	1	 	1100000.00	3	20121008
	21	LAGUNA BEACH	CA	92651	7	1	 	4500000.00	3	20120913
	22	DANVILLE	CA	94506	1	1	 	1425000.00	3	20120605
	23	NAPA	CA	94558	1	2	1100000.00	1100000.00	3	20121003
	24	SAN FRANCISCO	CA	94132	1	1	 	1150000.00	3	20121003
	25	REDWOOD CITY	CA	94062	1	1	 	1200000.00	3	20120830
	26	ALAMEDA	CA	94502	7	1	1300000.00	1230000.00	3	20120913
	27	SAN FRANCISCO	CA	94114	1	1	 	1475000.00	3	20120917
	28	PASADENA	CA	91103	1	1	 	2100000.00	3	20121008
	29	LOS ALTOS HILLS	CA	94022	1	1	 	2250000.00	3	20120905







 





	 	129	130	131	132	133	134	135	136	137	138	139	140
	 	Original
    Automated Valuation Model (AVM) Model Name	Original
    AVM Confidence Score	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	 	 	 	 	 	 	 	0.800000	0.800000	0	0	0
	2	 	 	 	 	 	 	 	0.750000	0.750000	0	0	0
	3	 	 	 	 	 	 	 	0.453600	0.453600	0	0	0
	4	 	 	 	 	 	 	 	0.684000	0.659200	0	0	0
	5	 	 	 	 	 	 	 	0.799700	0.799700	0	0	0
	6	 	 	 	 	 	 	 	0.691200	0.691200	0	0	0
	7	 	 	 	 	 	 	 	0.733500	0.660300	0	0	0
	8	 	 	 	 	 	 	 	0.666600	0.666600	0	0	0
	9	 	 	 	 	 	 	 	0.649000	0.649000	0	0	0
	10	 	 	 	 	 	 	 	0.800000	0.800000	0	0	0
	11	 	 	 	 	 	 	 	0.466300	0.466300	0	0	0
	12	 	 	 	 	 	 	 	0.786600	0.786600	0	0	0
	13	 	 	 	 	 	 	 	0.582400	0.516000	0	0	0
	14	 	 	 	 	 	 	 	0.521400	0.521400	0	0	0
	15	 	 	 	 	 	 	 	0.700000	0.700000	0	0	0
	16	 	 	 	 	 	 	 	0.800000	0.800000	0	0	0
	17	 	 	 	 	 	 	 	0.584600	0.584600	0	0	0
	18	 	 	 	 	 	 	 	0.800000	0.800000	0	0	0
	19	 	 	 	 	 	 	 	0.662100	0.662100	0	0	0
	20	 	 	 	 	 	 	 	0.717200	0.717200	0	0	0
	21	 	 	 	 	 	 	 	0.288800	0.177700	0	0	0
	22	 	 	 	 	 	 	 	0.576100	0.576100	0	0	0
	23	 	 	 	 	 	 	 	0.750000	0.750000	0	0	0
	24	 	 	 	 	 	 	 	0.733000	0.733000	0	0	0
	25	 	 	 	 	 	 	 	0.787500	0.787500	0	0	0
	26	 	 	 	 	 	 	 	0.792600	0.792600	0	0	0
	27	 	 	 	 	 	 	 	0.700000	0.700000	0	0	0
	28	 	 	 	 	 	 	 	0.534200	0.534200	0	0	0
	29	 	 	 	 	 	 	 	0.550800	0.550800	0	0	0









 





	 	141	142	143	144	145	146	147	148	149	150
	 	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	 	 	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 	 	 
	9	 	 	 	 	 	 	 	 	 	 
	10	 	 	 	 	 	 	 	 	 	 
	11	 	 	 	 	 	 	 	 	 	 
	12	 	 	 	 	 	 	 	 	 	 
	13	 	 	 	 	 	 	 	 	 	 
	14	 	 	 	 	 	 	 	 	 	 
	15	 	 	 	 	 	 	 	 	 	 
	16	 	 	 	 	 	 	 	 	 	 
	17	 	 	 	 	 	 	 	 	 	 
	18	 	 	 	 	 	 	 	 	 	 
	19	 	 	 	 	 	 	 	 	 	 
	20	 	 	 	 	 	 	 	 	 	 
	21	 	 	 	 	 	 	 	 	 	 
	22	 	 	 	 	 	 	 	 	 	 
	23	 	 	 	 	 	 	 	 	 	 
	24	 	 	 	 	 	 	 	 	 	 
	25	 	 	 	 	 	 	 	 	 	 
	26	 	 	 	 	 	 	 	 	 	 
	27	 	 	 	 	 	 	 	 	 	 
	28	 	 	 	 	 	 	 	 	 	 
	29	 	 	 	 	 	 	 	 	 	 









 





	 	151	152	153	154	155	156	157	158	159	160
	 	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	 	 	 	 	 	 	 	 	 	30
	2	 	 	 	 	 	 	 	 	 	18
	3	 	 	 	 	 	 	 	 	 	19
	4	 	 	 	 	 	 	 	 	 	29
	5	 	 	 	 	 	 	 	 	 	10
	6	 	 	 	 	 	 	 	 	 	16
	7	 	 	 	 	 	 	 	 	 	4
	8	 	 	 	 	 	 	 	 	 	9
	9	 	 	 	 	 	 	 	 	 	0
	10	 	 	 	 	 	 	 	 	 	13
	11	 	 	 	 	 	 	 	 	 	9
	12	 	 	 	 	 	 	 	 	 	12.5
	13	 	 	 	 	 	 	 	 	 	15
	14	 	 	 	 	 	 	 	 	 	0
	15	 	 	 	 	 	 	 	 	 	10
	16	 	 	 	 	 	 	 	 	 	14
	17	 	 	 	 	 	 	 	 	 	29
	18	 	 	 	 	 	 	 	 	 	7
	19	 	 	 	 	 	 	 	 	 	10.25
	20	 	 	 	 	 	 	 	 	 	18
	21	 	 	 	 	 	 	 	 	 	30
	22	 	 	 	 	 	 	 	 	 	35
	23	 	 	 	 	 	 	 	 	 	0
	24	 	 	 	 	 	 	 	 	 	20
	25	 	 	 	 	 	 	 	 	 	6
	26	 	 	 	 	 	 	 	 	 	13
	27	 	 	 	 	 	 	 	 	 	25
	28	 	 	 	 	 	 	 	 	 	22
	29	 	 	 	 	 	 	 	 	 	35




 





	 	161	162	163	164	165	166	167
	 	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)
	1	23	0	20421101	7805.55	0	0	8652.87
	2	6	0	20421201	14804.34	0	0	17833.4
	3	 	0	20421201	8750	0	0	0
	4	 	25000	20421001	10796	0	0	0
	5	 	0	20421201	20799.29	0	0	0
	6	 	0	20421101	13384.38	0	0	0
	7	8	75000	20421101	9446.26	0	0	3483.46
	8	6	0	20421101	8193.74	0	0	5659.33
	9	 	0	20421101	7220.73	0	0	7420.01
	10	12	0	20421101	10226.25	0	0	8372.49
	11	9	0	20421201	27304.87	0	0	0
	12	 	0	20421201	95737.33	0	0	0
	13	 	92000	20421101	12500	1594.09	0	0
	14	 	0	20271001	35427.34	0	0	0
	15	 	0	20421101	8332.92	0	0	0
	16	 	0	20420901	15000	8958.33	0	0
	17	 	0	20421101	12368	0	0	0
	18	 	0	20421201	15000	0	0	0
	19	7.5	0	20421101	27250	0	0	9016.8
	20	13	0	20421101	23618.25	0	0	0
	21	 	500000	20421101	12500	19437.33	0	0
	22	 	0	20420901	8228	0	0	0
	23	 	0	20421101	34598.71	0	0	0
	24	14	0	20421101	9750	19867.17	0	5666.68
	25	35	0	20421001	15806.74	0	0	3666
	26	12	0	20421101	6716.54	0	0	26250
	27	 	0	20421101	15833.34	0	0	0
	28	 	0	20421201	59956.75	0	0	0
	29	 	0	20421101	22522.52	0	0	0




  





	 	168	169	170	171	172
	 	Co-Borrower
    Wage Income (Bonus)	Co-Borrower
    Wage Income (Commission)	Originator
    Doc Code	RWT
    Income Verification	RWT
    Asset Verification
	1	0	0	Full	Two Years	Two Months
	2	0	0	Full	Two Years	Two Months
	3	0	0	Full	Two Years	Two Months
	4	0	0	Full	Two Years	Two Months
	5	0	0	Full	Two Years	Two Months
	6	0	0	Full	Two Years	Two Months
	7	0	0	Full	Two Years	Two Months
	8	0	0	Full	Two Years	Two Months
	9	0	0	Full	Two Years	Two Months
	10	0	0	Full	Two Years	Two Months
	11	0	0	Full	Two Years	Two Months
	12	0	0	Full	Two Years	Two Months
	13	0	0	Full	Two Years	Two Months
	14	0	0	Full	Two Years	Two Months
	15	0	0	Full	Two Years	Two Months
	16	0	0	Full	Two Years	Two Months
	17	0	0	Full	Two Years	Two Months
	18	0	0	Full	Two Years	Two Months
	19	0	0	Full	Two Years	Two Months
	20	0	0	Full	Two Years	Two Months
	21	0	0	Full	Two Years	Two Months
	22	0	0	Full	Two Years	Two Months
	23	0	0	Full	Two Years	Two Months
	24	0	0	Full	Two Years	Two Months
	25	0	0	Full	Two Years	Two Months
	26	0	0	Full	Two Years	Two Months
	27	0	0	Full	Two Years	Two Months
	28	0	0	Full	Two Years	Two Months
	29	0	0	Full	Two Years	Two Months







 


 



    	 



    	 



    







 











ASF RMBS DISCLOSURE PACKAGE


  
















	
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

	
For “Cash-out” loans (see Glossary):


 


[NEW LOAN AMOUNT] – [PAID-OFF FIRST MORTGAGE LOAN AMOUNT] – [PAID-OFF SECOND MORTGAGE LOAN AMOUNT (if Second was used to purchase the property)] – [CLOSING COSTS].

	
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.

	
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.

	
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

	  	  
	
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